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 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
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 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
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread 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
Tesla sales in China should hit around 6,400 vehicles this quarter, but the Shanghai factory won't be able to manufacture Model 3s in volume until mid-2020, according to JL...Technologyread more
Check out the companies making headlines before the bell:
General Electric – GE announced the sale of its bio pharma drug unit to Danaher for $21.4 billion, including $21 billion in cash. GE plans to use the proceeds to reduce leverage and strengthen the balance sheet, and expects the deal to close during the fourth quarter of this year.
Newmont Mining – Barrick Gold has made an all-stock offer to merge with its mining rival, following reports Friday that it was considering such a move. Newmont is currently in the process of acquiring smaller rival Goldcorp, but Barrick said this deal offers far superior value.
Berkshire Hathaway – Berkshire reported quarterly profit of $2.32 per share, above the $1.85 a share consensus estimate. Revenue came in below forecasts. In his annual letter to shareholders, Berkshire's Warren Buffett noted the difficulty in finding large acquisitions.
Kraft Heinz – Shares are staging a slight rebound after tumbling Friday on news of worse-than-expected earnings and a Securities and Exchange Commission investigation. During his appearance on Squawk Box, Warren Buffett said he and partner 3G Capital did not overpay for Heinz, but did overpay when Heinz acquired Kraft Foods.
Kraft Heinz – Kraft Heinz has hired Credit Suisse to review options for its Maxwell House coffee business, according to people familiar with the matter who spoke to CNBC. The unit could fetch $3 billion or more in a sale.
Qualcomm – The chipmaker rolled a series of 5G networking chips for a wide range of uses including cars and home broadband. The product announcements came at the Mobile World Congress event in Barcelona.
PG&E – The utility company will drop its plan to award $130 million in bonuses to employees, following protests from victims of California wildfires.
Norwegian Cruise Line – The stock was upgraded to "outperform" from "neutral" at Macquarie, which noted a reduce risk profile given strong bookings and the potential for a dividend later this year.