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
Check out the companies making headlines after the bell:
Avid Technologies jumped almost 7% in extended trading Monday after the technology company announced an amendment to its existing financing agreement that would add extend another $100 million to the company's line of credit, at a reduced interest rate.
American International Group's stock climbed more than 6% after the company reported first-quarter results that beat on the top and bottom lines. The finance and insurance company reported earnings of $1.58 per share, 52 cents higher than expected, and revenues of $12.64 billion, compared with estimates of $12.28 billion.
Shares of SolarEdge Technologies surged more than 17% in extended trading on Monday after the photovoltaics company reported first-quarter earnings that seemed to please the Street. The Israeli company reported earnings of 37 cents per share and revenue of $786.9 million.
Intersect ENT shares plummeted more than 16% after the medical device company announced that its CEO Lisa Earnhardt has resigned her post, but will remain on the board. Kieran Gallahue has been appointed as interim CEO and executive chairman of the board. The board has initiated a search to identify a permanent CEO.
Intersect ENT also lowered its guidance for the 2019 fiscal year to a range of $113 million to $117 million, down from a range of $123 million to $127 million.
Shares of Glu fell nearly 5% after the game developer gave weak second-quarter guidance. The game developer expects second-quarter bookings between $102 million and $105 million, slightly lower than analyst projections of $108.5 million. The company reported first-quarter revenues of $95.9 million, $6.1 million higher than expected.