Investors largely expected the FOMC to cut rates by a quarter point.The Fedread 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
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
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
The U.S. Federal Reserve on Wednesday cut its overnight rate by 25 basis points to a range of 1.75% to 2%, a move that was widely expected. The central bank, however, appeared...Asia Marketsread more
Investors bought bank stocks because there's a chance the Federal Reserve's interest rate cut may "put an end to this artificially inverted yield curve," Jim Cramer says.Mad Money with Jim Cramerread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
SoftBank's Vision Fund invested $1.1 billion in smart glass maker View, the start-up announced Friday. View makes dynamic window glass that can adjust the level of tint to keep cooling costs down and reduce glare. The company has installed smart windows at commercial airports, apartment buildings and corporate offices for Facebook and CenturyLink.
The company behind a pizza-making robot disclosed a $375 million investment, reported by The Wall Street Journal to be from SoftBank's Vision Fund. Zume Pizza employs a mix of robots and humans to create and deliver food. Robots squirt and spread the tomato sauce onto the uncooked pies and then transfer them into 800-degree ovens.
Coinbase raised $300 million in Series E funding, led by Tiger Global. The round, which also included participation from Y Combinator and Andreessen Horowitz, values the company at $8 billion. Coinbase is the leading platform for buying and selling cryptocurrencies such as bitcoin and ethereum. It's now raised more than $520 million to date, according to Crunchbase.
U.K. fintech firm Monzo announced £85 million ($110 million) in Series E capital. General Catalyst led the round with participation from Accel and others. The company bills itself as a bank that lives on your smartphone, eliminating some of the traditional barriers to banking and spending. Monzo is authorized in the U.K. to operate as a bank, something of a rarity among fintech companies.
Morgan Stanley Expansion Capital led an $80 million Series E round in graph database company Neo4j. One Peak Partners also led the round, which brings Neo4j's total funding to $160 million. The company offers graph-power business applications like graph-enabled artificial intelligence and machine learning.
98point6, a company that sells text message-based medical care, raised $50 million in fresh financing, led by the Merchant Banking Division of Goldman Sachs. The Series C round brings total funding for the start-up to $86.1 million. 98point6 matches patients with board-certified physicians to provide diagnosis and treatment via a mobile app.
Digital sports media company The Athletic raised $40 million in Series C financing, according to Axios. Founders Fund and BedRock Capital co-led the round, which values the subscription-based news site at $200 million, Axios reports. The company's previous investors include Advancit Capital, Comcast Ventures and Y Combinator.
Alphabet's venture arm, GV, is among the backers of a $35 million investment round in Ethos, a start-up that says it can process life insurance applications in a matter of minutes. GV and Accel co-led the round, which brings Ethos' total funding to $46 million. Existing investors Sequoia Capital and Arrive, the venture fund of U.S. rapper Jay Z's entertainment firm Roc Nation, also participated in the funding round.
Israeli drone start-up Airobotics announced $30 million in Series D financing, led by Pavilion Capital. The round brings Airobotics' total funding to $101 million. The company makes pilotless drones and maintains a platform of aerial data.
Contract compliance software company Concord raised $25 million in Series B financing, led by Tenaya Capital. Concord works with business partners such as Kickstarter and Rent the Runway. To date, 180,000 companies have joined the company's compliance platform, Concord said.
Menlo Ventures led a $21 million round in Clear Labs, an automated food safety platform. The round brings total funding for the company to $45 million. Clear Labs leverages DNA sequencing, data analysis and robotics to better prevent food safety concerns.
HeadSpin raised $20 million in a Series B round including backers GV and Iconiq, among others. The start-up maintains a global network of devices to evaluate mobile performance and troubleshoot user experience. HeadSpin sells access to the platform and analysis to enterprise clients like DocuSign and Dell.
Lottery tech company JackPocket raised $16 million in Series B capital led by Conductive Ventures. The mobile app lets lottery players securely order official lottery tickets. The company has raised $25 million to date. The app allows users to play the lottery as groups, check if they've won, and enroll in autoplay to automatically purchase tickets.
Education tech company Imbellus raised $14.5 million in Series A funding for its game-based online learning assessments. Owl Ventures led the round, which brings the start-up's total funding to $23 million. Imbellus seeks to upend traditional tests like the SAT and ACT.
Palo Alto-based True Ventures announced the closing of two new funds this week. Its sixth early-stage fund, True Ventures VI LP, closed with $350 million in committed capital, and its third Select Fund, True Ventures Select III, closed with $285 million in committed capital. Fund IV will invest in early-stage start-ups in the software, hardware, consumer products, cryptocurrencies and digital biology fields. Select III will fund new investments in True Venture's existing portfolio companies. True Ventures has previously made investments in Fitbit, Peloton and Ring, which was acquired by Amazon earlier this year. It manages more than $2 billion.
— CNBC's Ryan Browne, David Reid and Kate Rooney contributed to this report.
Disclosure: Comcast owns CNBC's parent company, NBCUniversal.