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
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
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
For the past six years, Facebook has tried over and over to release a hardware product that consumers will want, and it has never succeeded.Technologyread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread 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
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
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
Microsoft shares rose 1% after hours as it announced plans to raise its dividend and authorized as much as $40 billion to buy back shares.Technologyread more
The euro slumped half a percent on Friday on signs that economic growth could be slowing across the euro zone with worries about Brexit and Italy's budget negotiations also weighing on the single currency.
A steep drop in oil prices on Friday fueled a risk-off wave across the board, setting the dollar on track for its biggest weekly rise in a month.
Business growth in the euro zone slowed much faster than expected this month, a Purchasing Managers Index survey showed.
The disappointing readings, hastened by a U.S.-led trade war, will be of concern to the European Central Bank which is expected to end its 2.6 billion euro asset purchase programme next month before raising interest rates next year.
After German private-sector growth slowed to its lowest level in nearly four years, the euro dropped into negative territory, hitting a five-day low of $1.3430. The euro also dropped 0.34 percent against the Swiss franc to 1.1303 francs.
"Doubts are creeping in about the euro zone economy. If the data doesn't pick up early next year this could turn into a long-term pattern 1/8for the euro 3/8," said Thu Lan Nguyen, a Frankfurt-based strategist at Commerzbank, also pointing to a dispute over Italys spending plans.
"If the 1/8euro zone 3/8 economy cools significantly... the European Central Bank might be forced to stick to an expansionary monetary policy," she said.
Weakness in the euro supported the dollar, which rose 0.24 percent against a basket of currencies to trade at 96.95.
The dollar has lost ground for two consecutive trading sessions and is drifting lower from a 16-month high of 97.69 hit earlier this month.
Dollar sceptics are concerned about the pace of future interest rate increases by the U.S. Federal Reserve.
Both the euro and sterling rose on Thursday after Britain and the European Commission agreed on a draft text outlining how their trading relationship will work once Britain has left the European Union.
But EU leaders still have to ratify the agreement at a summit on Sunday and Prime Minister Theresa May would then have to get a Brexit deal through a deeply divided British parliament.
At 11:43 a.m. EST the pound traded down 0.57 percent at $1.28, after gaining 0.8 percent on Thursday.
The Norwegian crown weakened 0.74 percent against the dollar as an overnight drop in oil prices weighed.
The was at 112.84 per dollar. The Japanese currency has traded in an extremely narrow range with a soft bias in recent trading sessions.
The , often considered a gauge for global risk appetite, weakened 0.39 percent to trade at $0.7226.
Analysts expect the Aussie to remain subdued ahead of a meeting between U.S. and Chinese leaders at a G20 meeting in Argentina at the end of the month, with markets watching for any sign of whether they may agree to de-escalate their trade war.