Investors largely expected the FOMC to cut rates by a quarter point.The Fedread 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
Federal Reserve Chairman Jerome Powell said the he does not see the Fed using negative interest rates in the future.The Fedread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
President Barack Obama spoke at an event in San Francisco on Wednesday hosted by software company Splunk and addressed how tech can help solve problems.Technologyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle, Washington. While there, he's scheduled to meet with Boeing executives and...Airlinesread more
Steve Dowling, the head of Apple's public relations department, announced he will be leaving this week.Technologyread more
Tracy Britt Cool is leaving the firm after a decade to start a company that replicates Warren Buffett's business model, the Wall Street Journal reported.Marketsread more
Stocks closed little changed after the Federal Reserve failed to signal it will cut rates again in 2019, disappointing traders.US Marketsread more
A New York-based blockchain consulting firm allegedly extorted a Seattle-based crypto start-up with threats to hijack its initial coin offering, in a case announced Wednesday...Technologyread more
According to a report in the Wall Street Journal, WeWork co-founder Adam Neumann has floated the idea of becoming Israel's prime minister or leader of the world.Technologyread more
Count Melania Trump among those supporting Lebron James in his heated war of words with the president.
In a volley of late-night tweets, President Donald Trump publicly questioned the intelligence of NBA star LeBron James, who has yet to respond publicly. The leader of the free world effectively reignited a bitter feud between the two that began last fall. Earlier this week, James was interviewed by CNN, during which time the player renewed his critique of Trump as "using sports to kinda divide people."
In a statement released by her spokeswoman, the first lady believed the 3-time NBA champion "is working to do good things on behalf of our next generation and just as she always has, the First Lady encourages everyone to have an open dialogue about issues facing children today."
As was the case last fall, a slew of sports figures — including basketball legend Michael Jordan, who Trump name-checked in his Twitter tirade — have rallied to James' defense. One of those was Stephen Curry, who tweeted his support for his erstwhile opponent in the NBA Finals, as well as the owner of the Lakers.
The statement from Melania Trump also promoted campaign against child cyber bullying, and said the first lady was "open" to the prospect of visiting James' school for low-income youth, which he announced this week.
In a separate statement issued on Saturday, Los Angeles Lakers CEO and owner Jeanie Buss said that the team "could not be more proud to have LeBron James as part of our Lakers family. He is an incredibly thoughtful and intelligent leader and clearly appreciates the power that sports has to unite communities and inspire the world to be a better place. Those efforts should be celebrated by all."
Below is the full statement from Stephanie Grisham, Melania Trump's spokesperson:
"It looks like LeBron James is working to do good things on behalf of our next generation and just as she always has, the First Lady encourages everyone to have an open dialogue about issues facing children today. As you know, Mrs. Trump has traveled the country and world talking to children about their well-being, healthy living, and the importance of responsible online behavior with her Be Best initiative. Her platform centers around visiting organizations, hospitals and schools, and she would be open to visiting the I Promise School in Akron. "