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 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
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread 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
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
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
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
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
European stocks traded higher Tuesday after U.S. President Donald Trump told CNBC that immediate tariffs would be imposed on a further $300 billion of Chinese goods if President Xi does not attend this month's G-20 meeting.
The pan-European Stoxx 600 closed provisionally up 0.72% during the session, basic resources jumping 2.8% while autos also climbed 1.7%, with most sectors trading in positive territory.
Trump is set to meet with Xi at the G-20 summit, which is scheduled for June 28-29 in Osaka, Japan. The leaders of 19 nations and the European Union are expected to attend, as trade tensions approach boiling point worldwide.
Asian stocks rose Tuesday afternoon as markets shrugged off the threat, the Shenzhen component leading gains with a 2.91% jump.
Markets had rallied worldwide Monday after the U.S. suspended its proposed tariffs on Mexican imports. German auto shares, including BMW, Daimler and Volkswagen, rose Tuesday as investors continued to digest the news.
Back in Europe, the race to replace U.K. Prime Minister Theresa May has begun, with ten candidates in the running for the vacated Conservative Party leadership position. The candidates are separated primarily by their positions on Brexit negotiations, and whether they consider leaving the European Union without a deal an option for the country.
Data out of the U.K. Tuesday showed wages in the three months to April beating forecasts while employment growth slowed, though the jobless rate held at its lowest rate since 1975.
In corporate news, Swiss drugmaker Roche's $4.3 billion takeover of U.S. gene therapy specialist Spark Therapeutics has been postponed again due to regulatory scrutiny, while Reuters reported Monday that the Italian government is set to again extend the deadline to rescue loss-making airline Alitalia after failing to secure investors' backing.
In terms of individual stock moves, British luxury fashion brand Ted Baker tumbled after the company warned on its 2019 profit following an "extremely difficult" start to the year.
Danish hospital equipment company Ambu climbed to top the Stoxx 600, rising 7.8%. French video game producer Ubisoft's stock hit the bottom at one point but recovered slightly to close 2.5% lower.