CNBC World News

Uber had been in talks with Grubhub on an acquisition for about a year and a half but saw the deal slip away from the company in the last few days, sources say.

The merger comes after Grubhub's talks with Uber fell through amid antitrust concerns.

Amazon said on Wednesday that it's putting in place a one-year moratorium on police use of Rekognition.

A new study from the University of Cambridge used theoretical models to determine the effect of wearing face masks or cloth face coverings on Covid-19 prevention. Their findings suggest that a second wave of the virus could be prevented or at least dampened.

The company that has purchased retailers such as Forever 21 out of bankruptcy is looking for buying opportunities during the coronavirus pandemic. "My strategy is simple. Buy low, sell high," Authentic Brands Group CEO Jamie Salter said.

The Fed also said it will continue to increase its bond holdings, targeting Treasury purchases at $80 billion a month and mortgage-backed securities at $40 billion.

Kudlow's comments came as protests against systemic racism and police brutality have filled U.S. cities of all sizes in recent weeks following the killing of George Floyd.

The Dow fell as investors awaited an update from the Fed on the state of the economy and status of further stimulus from the central bank.

Ford and Volkswagen plan to share production of 8 million commercial vehicles as part of an expanded alliance between the two automakers.

Uber, which had been in on-and-off deal talks with Grubhub for more than a year, is likely to pull out of those merger talks over antitrust concerns raised about the potential deal.

Boeing has drawn up a flight plan to recertify the 737 Max that will demonstrate that the plane's updated flight control software allows it to safely operate in various scenarios, people familar with Boeing's plans said.

"Let's hope that this thing bottomed way in April and we're headed towards a terrific recovery in the second half of the year," NEC Director Larry Kudlow told CNBC.

Epidemiologist Neil Ferguson told lawmakers that Britain had taken the right measures against the new coronavirus, but too late.

The country is still heavily reliant on coal, but this could change in the years ahead.

Former U.K. Prime Minister Tony Blair told CNBC that some of the rules put in place by the U.K. government in response to the Covid-19 crisis are not very clear.

The International Air Transport Association — which represents 82% of global air traffic — has predicted that 2020 "will go down as the worst year in the history of aviation."

Before becoming known as the "father of the iPod," Tony Fadell said he was rejected by 80 venture capital investors when trying to raise funding for his own technology business.

HBO's new streaming service said the movie showed "ethnic and racial prejudices," and would return with a "discussion of its historical context."

How much the Fed will reveal about its future intentions and what it says about its view of the economy will be key for markets.

The discussion between TikTok CEO Kevin Mayer and EU commissioner Thierry Breton highlights the Chinese-owned app's drive to work with regulators amid scrutiny of the platform from authorities, particularly in the U.S.