The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday — breaching a key psychological level.Bondsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
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Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company's lunar plans on Wednesday.Technologyread more
Sundar Pichai's note reads like a response to growing scrutiny from regulators, press and employees, and echoes a consistent theme of how Google helps people.Technologyread more
Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
The study is titled "No More FOMO: Limiting Social Media Decreases Loneliness and Depression, " and as part of it, researchers observed 143 undergraduate students over three weeks.
The students were split into two groups: one that continued to use social media as normal and another that was limited to using each social service to 10 minutes per day. Students sent researchers screenshots of their iPhone battery usage, which shows how many minutes are spent on each app each day, to track their usage of the apps.
The experiment found that among the group that limited its use of social media, the researchers saw significant declines in depressive symptoms.
"Not comparing my life to the lives of others had a much stronger impact than I expected, and I felt a lot more positive about myself during those weeks," one of the students said, according to the study.
Facebook could not be reached for comment. Snap, the maker of Snapchat, declined to comment.
Though other studies have found correlations between social media and mental health issues, this study claims to be the first "to establish a clear causal link between decreasing social media use, and improvements in loneliness and depression."
"It is ironic, but perhaps not surprising, that reducing social media, which promised to help us connect with others, actually helps people feel less lonely and depressed," the study reads.