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
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 disease continues to...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
Billionaire investor Leon Cooperman said Thursday the turbulence in stocks is just part of a market correction because there are no hints of a recession.
"There's no sign of a trend change," the founder of Omega Advisors told CNBC's "Halftime Report." "You're just responding to the market."
"I could be dead wrong, but my position is based on no recession, inflation not a problem, the Fed is far from hostile, bonds are not competitive with stocks, earnings are growing, employment is growing," Cooperman told CNBC's Scott Wapner in a phone interview.
Cooperman's comments came in the midst of another sharp retreat in equities. At its low of the day, the Dow Jones Industrial Average had fallen more than 780 points. The Dow, along with the S&P 500, also dipped into correction territory, down 10 percent from 52-week highs.
Cooperman said one of the key problems the market is facing is an "unconventional White House" that destabilizes the market. He also said he would buy some of his favorite stocks at these levels given how strong fundamentals are.
"I think this market will end the year higher than where it is now. ... This is technical stuff," Cooperman added.
However, Cooperman acknowledged he was "not a huge bull" at this point, citing what he called an unnecessary tax cut in the U.S. that is contributing to a rising deficit.