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
Federal Reserve Chairman Jerome Powell said the he does not see the Fed using negative interest rates in the future.The Fedread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread 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
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
Steve Dowling, the head of Apple's public relations department, announced he will be leaving this week.Technologyread more
Tracy Britt Cool is leaving the firm after a decade to start a company that replicates Warren Buffett's business model, the Wall Street Journal reported.Marketsread more
Stocks closed little changed after the Federal Reserve failed to signal it will cut rates again in 2019, disappointing traders.US Marketsread more
A New York-based blockchain consulting firm allegedly extorted a Seattle-based crypto start-up with threats to hijack its initial coin offering, in a case announced Wednesday...Technologyread more
According to a report in the Wall Street Journal, WeWork co-founder Adam Neumann has floated the idea of becoming Israel's prime minister or leader of the world.Technologyread more
Stocks in Asia were mostly higher on Tuesday as investors watched developments such as the renewed conflict in key oil producing nation Libya.
Mainland Chinese shares were mixed on the day, with the Shanghai composite slipping 0.16 percent to close at 3,239.66 and the Shenzhen component rising around 0.82 percent to 10,436.62. The Shenzhen composite advanced 0.724 percent to 1,783.01.
The broad MSCI Asia ex-Japan index was 0.31 percent higher at 542.93, as of 3:37 p.m. HK/SIN.
South Korea's Kospi gained 0.13 percent to close at 2,213.56.
Over in Australia, however, the closed largely flat at 6,221.80. Crown Resorts shares Down Under surged 19.68 percent on news that the Australian casino operator is in talks with Las Vegas-based Wynn Resorts for a potential $7.1 billion buyout.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.975 after declining from levels above 97.2 yesterday.
Oil prices scaled new 2019 highs on Monday, with the international benchmark Brent crude futures contract adding 1.1 percent to settle at $71.10 per barrel. U.S. crude futures also rose 2.1 percent to settle at $64.40 per barrel.
In the afternoon of Asian trading hours on Tuesday, crude prices continued to advance as Brent rose marginally to $71.14 per barrel and U.S. crude futures gained 0.2 percent to $64.53 per barrel.
The moves in oil prices came amid a recent resurgence in conflict in Libya, a key oil producer in the Organization of the Petroleum Exporting Countries.
"The main feature of what has to be said are pretty soporific global financial markets at the start of the week and ahead of some key event risk(s) on Wednesday has been a further jump in oil prices," Ray Attrill, head of foreign exchange strategy at National Australia Bank, wrote in a morning note.
"Fear of fresh supply outages from Libya are said to be responsible as 'warlord' Khalifa Haftar moves his self-styled Libyan National Army forces towards the capital Tripoli, base of the UN recognised government of PM Fayez al-Sarraj," Attrill said, citing recent reports of air strikes on the Tripoli airport.
— Reuters contributed to this report.
Correction: This article was updated to reflect that oil prices touched new 2019 highs on Monday.