Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
The lack of clarity surrounding the U.S.-China trade war is what's really hitting global growth, says ex- Deputy Treasury Secretary Sarah Bloom Raskin.World Economyread more
China's economy has long relied on factors such high levels of investments and an expanding labor force for growth. Those growth drivers are running out of steam.China Economyread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
New crash tests show the Tesla Model 3 and the Audi e-tron, are among the safest models out on the road. The results bolster the theory electric vehicles may be better...Autosread more
U.S. consumers and growth in sectors such as technology have offset declines in other American industries, says Tom Finke, chairman and CEO of investment management firm...US Economyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
Last weekend's attacks on oil facilities — and the spike in crude prices that followed — should show that the world needs to stop relying on oil, says Helen Clark.Energyread more
The photo depicts Canadian leader Justin Trudeau wearing a turban and robe, with dark makeup on his hands, face and neck. Liberal Party spokesman confirms the photo is of...Electionsread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
A quick look at the five most important numbers from Friday's nonfarm payrolls report:
1) Payroll growth hit 223,000 for May, its highest level since February, beating market expectations for 188,000.
2) The headline unemployment rate fell to 3.8 percent, the lowest reading since April 2000, while the "real" rate, which includes discouraged workers and the underemployed, dropped to 7.6 percent, its best since May 2001.
3) Average hourly earnings rose 2.7 percent, in line with expectations and enough to convince markets that the Fed will raise interest rates at least two more times in 2018.
4) Full-time jobs rose an eye-popping 904,000 for the month, while part-time positions declined by 625,000.
5) Unemployment for blacks continues to decline, with the rate falling to a record 5.9 percent, down a full point from March.
What it all means: From Eric Winograd, U.S. economist at AB (formerly AllianceBernstein): "We remain in a virtuous circle: the labor market is strong, which supports consumption, which drives production, which keeps the labor market strong. Until something disrupts that cycle, we should expect the good economic times to continue."