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
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
Powell said on Wednesday that the Fed may have to resume regular balance sheet growth to help ease money markets.The Fedread more
Saudi Aramco asked several banks to bid for roles in its possible initial public offering, people familiar with the matter told CNBC on Monday.
Reuters earlier reported news of the company's talks with banks.
An IPO of the state-controlled oil company has been a longtime goal of Saudi Arabia's Crown Prince Mohammed bin Salman, who values the company at around $2 trillion. The state-owned oil company would be the world's biggest IPO.
Recently, Saudi energy minister Khalid Al-Falih said Aramco would likely go public in 2020 or 2021.
Aramco decided to move up its IPO because of the success of its debt offering, according to sources, who did not specify which banks received requests from Saudi Aramco. Bankers attended the board's meeting in Boston last month.
Saudi Aramco declined to comment.
Oil prices rose on Monday as the market started to price in the current geopolitical risk of a weekend drone attack on a Saudi Arabia oil facility.
Saudi Aramco said oil production was not affected by the attack.