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
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
Powell said on Wednesday that the Fed may have to resume regular balance sheet growth to help ease money markets.The Fedread more
Talks between the two companies are at a preliminary stage and no deal has been agreed, according to people with knowledge, the FT said.
The newspaper added that a source said iHeartMedia, which filed for bankruptcy earlier this year, is hoping that the iPhone-maker will take an equity stake worth tens of millions of dollars. Another source suggested that the tie-up could result in a multimillion-dollar marketing partnership instead of a direct investment, the FT said.
Apple did not immediately respond to CNBC's emailed request for comment.
The FT said that the tech giant declined to comment while iHeartMedia did not respond to multiple requests for comment.
Earlier this year, Apple bought music recognition app Shazam to bolster its music business as the company takes on streaming giant Spotify. Apple's subscription service boasted 50 million active users in May, though the company hasn't offered an official update since. Spotify has 83 million paying subscribers and 100 million or so unpaid users.
Apple is set to report fourth-quarter earnings on Thursday.