Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
The lack of clarity surrounding the U.S.-China trade war is what's really hitting global growth, says ex- Deputy Treasury Secretary Sarah Bloom Raskin.World Economyread more
China's economy has long relied on factors such high levels of investments and an expanding labor force for growth. Those growth drivers are running out of steam.China Economyread 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
New crash tests show the Tesla Model 3 and the Audi e-tron, are among the safest models out on the road. The results bolster the theory electric vehicles may be better...Autosread more
U.S. consumers and growth in sectors such as technology have offset declines in other American industries, says Tom Finke, chairman and CEO of investment management firm...US 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
Last weekend's attacks on oil facilities — and the spike in crude prices that followed — should show that the world needs to stop relying on oil, says Helen Clark.Energyread 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
Morgan Stanley downgraded shares of Verizon to equal weight from overweight on Wednesday, saying the stock has hit the firm's $58 price target and is "already priced at a premium."
"For 2019 we expect Verizon to report just 1% EPS growth ... on broadly flat revenues," Morgan Stanley's Simon Flannery said in a note.
He sees slowing growth next year in part because Verizon has made meaningful investments to be the first carrier with a 5G service. The firm says there is "more upside risk" to capital expenditures and spending on spectrum going forward."
"We expect limited 5G Home revenues in 2019 as Verizon awaits standards based equipment around the middle of the year," Flannery said.
Shares of Verizon fell 1.3 percent in premarket trading from Tuesday's close of $58.85 a share. The stock has risen more than 11 percent this year.