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
Board members of Papa John’s International Inc. are expected to discuss and possibly vote on Sunday on the use of a “poison pill” to keep founder John Schnatter from taking a controlling interest in the company, The Wall Street Journal reported, citing unnamed sources.
Schnatter stepped down as chairman of the pizza chain on July 11, after it came to light that he had used a racial slur during a conference call in May. He has been battling with board members since then, suggesting that he may have made a mistake in stepping down. In a letter to the board, he denied using a slur and that he wasn't a racist.
Schnatter, who had founded the company in 1984, owns about 30 percent of Papa John’s shares.
A company can use a shareholder rights plan – also known as a “poison pill” provision -- to prevent a hostile takeover, and make its shares unattractive to acquirers. This tactic can also be used to fend off activist shareholders.
A legal representative for Schattner declined to comment to CNBC.