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
Starbucks Corp.: "This stock was up today. That's a sign of great strength, but I'm not gonna tell you to change to anything, but I do think the company's doing well. We interviewed Kevin Johnson recently, the CEO, and he's doing a remarkable job. They're in fine shape."
Penumbra Inc.: "Another medical device company that I'm not that familiar with ... we're gonna have to come back on that one. Remember, I do like Dexcom and they're doing terrific, even though people have been shorting it."
HealthEquity Inc.: "It's a very interesting company about health care, about your savings in health care and what they do and I really like it. I'd like them to come on because I've been watching the business model, and I think they can be much bigger than they really are."
Turning Point Brands Inc.: "You know I can't recommend tobacco stocks. I just can't do it. I feel the same way about Juul. I just can't. Life's too short, sorry. Too many people in my life died from this stuff."
Tilray Inc.: "That ownership structure's all messed up. You gotta do Canopy with the great ownership structure. Bruce Linton at the mound and Bill Newlands with Constellation Brands. That's the one I want you in."
CVS Health Corp.: "I think CVS has stood the test of time. I thought that last quarter was good, and I like what they're doing with Aetna. I know that right now single-payer is in vogue. I know that people think that [CEO] Larry Merlo has bitten off more than he can chew. I have to tell you I think that CVS at these prices is a bargain."
Timkmen Co.: "I think that Timken represents the best of American manufacturing."