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Fed Cuts Interest Rates for First Time Since 2008 Crisis WASHINGTON — The Federal Reserve cut interest rates on Wednesday for the first time in more than a decade, as it tried to keep America's record-long economic expansion going by insulating the economy from mounting global risks. The widely expected ...
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Cramer reviews the top July performers on the Dow Jones and S&P 500 Wall Street finally got what it was ordering from the Federal Reserve, but somehow investors were still disappointed, CNBC's Jim Cramer said Wednesday. The central bank cut the benchmark interest rate by a quarter point to the 2% to 2.25% range, but ...
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US Stocks Fall, Treasuries Mixed on Powell-Speak: Markets Wrap U.S. equities fell the most in two months, while two-year Treasury yields rose as Jerome Powell dented hopes that the Federal Reserve is poised to continue easing after delivering the first interest-rate cut in over a decade. The S&P 500 Index fell as much as ...
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Former NFL player Merril Hoge is one of 18400 plaintiffs suing Monsanto, saying Roundup caused cancer (CNN) Former NFL running back and ESPN analyst Merril Hoge has filed a lawsuit against Monsanto, claiming its popular weedkiller Roundup caused his cancer -- resulting in permanent "physical pain and mental anguish." The suit was filed this month in the ...
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Savvy Restaurateur Sam Fox Sells His Business To The Cheesecake Factory Sam Fox, the Phoenix-based restaurateur, has a reputation as one of the savviest owners in the food business. He's been nominated 11 times for the James Beard Award as Outstanding Restaurateur, and he has been featured on the Power List at Nation's ...
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Flying High: European Airline Industry Cracks Down On Unruly Passenger Behavior When it comes to stories about badly behaved passengers (and airline crew), it seems that there's a never-ending supply. From the now infamous man dragged screaming off a United Airlines flight last year to just yesterday, when a passenger refused to ...
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Don't give your dog pig ear pet treats, FDA says, warning of salmonella outbreak Consumers are being advised to not feed their dogs pig ear pet treats amid a growing salmonella outbreak. The Centers for Disease Control and Prevention and the Food and Drug Administration both issued new guidance Wednesday saying consumers ...
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Move over, Apple. There's a new cash king: Google's parent, Alphabet The corporate world has a new king of cash. The title for the company with the biggest financial reserves, held by Apple for a decade, has passed to Google's parent, Alphabet. The switch in leadership follows a concerted effort by the iPhone maker to reduce ...
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Stocks making the biggest moves after hours: Fitbit, Qualcomm, Twilio and more Check out the companies making headlines after the bell: Shares of Fitbit plummeted as much as 21% in after-hours trading after the maker of health and fitness devices cut its guidance for the next quarter. In its second-quarter earnings report, the company ...
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Top Amazon Exec Jeff Blackburn to Take One Year Break The head of Amazon's entertainment, business development and advertising businesses is going on a sabbatical with his wife and extended family. Jeff Blackburn, head of Amazon's entertainment, business development and advertising businesses and a top ...
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Sex tech startups protest outside Facebook over banning of ads The protestors brought posters showing rejected ads. Dame Products/Unbound. Supporters, founders and employees of sex tech and women's wellness startups like Dame Products and Unbound Babes assembled outside Facebook's New York office ...
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Waitrose extends 'bring your own containers' anti-plastic scheme Waitrose is extending a trial to remove packaging from many products after a positive response in its first store. The "Unpacked" scheme was tested in Oxford, with customers using their own containers to buy produce such as pasta, wine and frozen fruit.
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Amazon acquires flash-based cloud storage startup E8 Storage Amazon has reportedly acquired Isreali storage tech startup E8 Storage, according to Reuters, CNBC and Globes. The acquisition will bring the team and technology from E8 in to Amazon's existing Amazon Web Services center in Tel Aviv, per reports.
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Here's Why PREIT Is Dropping on Wednesday PREIT (NYSE:PEI), a real estate investment trust, or REIT, that operates shopping malls primarily located in the mid-Atlantic region, is under pressure on Wednesday. As of 2:30 p.m. EDT, the company's stock price had fallen by more than 10% for the day.
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Southwest Airlines flight attendant greets incoming passengers from overhead bin It is said that there's no such thing as bad publicity, but weird publicity might be another matter. Passengers boarding a flight from Nashville to Atlanta were startled to find a flight attendant stashed in the overhead bin, talking them onto the plane. Advertisement.
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Audi ex-CEO is charged with fraud in VW diesel cheating scandal Prosecutors in Germany charged former Audi Chief Executive Rupert Stadler with fraud and other offenses, accusing the disgraced manager of continuing to sell cars with manipulated engines even after the scandal burst into the open in late 2015. Stadler ...
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Nonalcoholic Beer Is Better Than Ever Bill Shufelt was striking out. It was 2016, and Shufelt had a successful career in finance, but what he really wanted to do was quit his day job and make nonalcoholic (NA) craft beer. "I was finding that as I got older, alcohol didn't really fit into my life. But I loved ...
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2 Michigan cities named as hottest neighborhoods for real estate GRAND RAPIDS, Mich. - Two Michigan cities are among some of the hottest neighborhoods in the country, according to Realtor.com. Grand Rapids topped the list, while Livonia was named the sixth hottest neighborhood. Here's what the website had to say ...
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Blockchain.com enters crypto trading with new London-based exchange (Bloomberg) — Blockchain.com, which has created more than 40 million digital-asset wallets, is moving into the trading side of cryptocurrencies with a new exchange. The Pit, a London-based marketplace, will offer Bitcoin, Ether, Bitcoin Cash, Tether, Litecoin ...
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CannTrust Hires Greenhill to Explore Sale After Pot Breach CannTrust Holdings Inc. hired Greenhill & Co. to explore a sale after a regulatory breach led the Canadian pot company to fire its chief executive officer and erased about C$500 million ($380 million) in market value. Greenhill will advise a special committee ...
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Spotify Drops as Growth in Premium Subscribers Disappoints Spotify Technology SA shares fell the most in almost five months Wednesday after the music-streaming company reported slightly slower subscriber growth than investors had hoped. The company ended the most recent quarter with 108 million subscribers to ...
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The Inventor of Those Eco-Friendly Hipster Bulbs Is Getting Ready to Sue Everyone Edison-style LED bulbs have become a real hit,and often seen in places like trendy restaurants and bars. Like typical LED bulbs, these bulbs offer increased energy efficiency and last longer than traditional incandescent bulbs while maintaining a stylish ...
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Connecticut launches probe into Juul Labs Connecticut is joining other states in investigating vaping manufacturer Juul Labs. State Attorney General William Tong says the state wants to determine if Juul is illegally marketing its products as smoking-cessation devices and whether it has properly limited ...
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A Medicare scam involving DNA kits strikes Memphis MEMPHIS, Tenn. (WMC) - A Medicare scam dealing with DNA kits has hit several states, and now it's being reported right here in Memphis. "It's scary how people are trying to scam you out of stuff like this," Memphis resident Kathy Johnson said. Johnson got a ...
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McDonald's banned from site near ancient Rome baths (CNN) - McDonald's fast food outlets are ubiquitous sights around the world, but Italy's culture ministry has banned the chain from building yet another restaurant in the capital, Rome. The proposed restaurant would have been built next to the ancient Baths of ...
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Going green at the grocery store HOLDEN — Of the 351 cities and towns in Massachusetts, 122 so far have banned the use of non-recyclable plastic bags. That's an environmental bandwagon that the Big Y grocery store chain, headquartered in Springfield, has decided to jump on.
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This Krispy Kreme Deal Gets You a Dozen Chocolate Glazed Donuts for $2 Waterfalls are a thing of majesty; they're constantly flowing but always changing. The peaceful trickling of a waterfall can transform into a powerful force that has the ability to blanket anything that comes in its path. I am, of course, talking about one of the ...
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Scammers using former Singapore Prime Minister's name to solicit bitcoin investments A website in Singapore has been soliciting investments in bitcoins (BTC) by using fake comments from the country's former Prime Minister, Goh Chok Tong. The Monetary Authority of Singapore (MAS), the nation's central bank, announced the news on ...
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Get your Husker and Hawkeye bets ready: Iowa takes final step to legalize sports gambling Before the curtain rises on the 2019 college football season, Omaha-area betting enthusiasts will be able to place legal wagers on the Huskers or the Hawkeyes at Iowa casinos. The Iowa Racing and Gaming Commission set Aug. 15 as the day sports betting ...
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