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The Federal Reserve cut interest rates for the third time this year as the US economy continued slowing amid ongoing trade disputes and weak global growth.The federal funds rate, which affects the cost of mortgages, credit cards and other borrowing, will now hover between 1.5% and 1.75%.It isn't clear whether the move will be enough to head off another rate cut in December, the final meeting of the year. Federal Reserve chairman Jerome Powell is set to speak at a press conference later Wednesday afternoon. 523
The helicopter pilot who crashed on to the roof of a New York City building was not licensed to fly in poor weather, the Federal Aviation Administration said.The pilot, identified as Tim McCormack, died in the crash, law enforcement officials said."Pilots must have an instrument rating to fly in bad weather," an FAA spokeswoman said. "This pilot didn't have an instrument rating."An instrument rating requires about 100 or more hours of additional training on top of basic pilot training, CNN aviation analyst Mary Schiavo said.It helps pilots learn to fly without visual reference to the sky under instrument flight rules, by relying solely on instruments to "fly blind" in clouds or heavy fog under the direction of air traffic control, Schiavo said.At the time of Monday's flight, moderate to heavy rain was falling in the city, and visibility at Central Park was down to 1.25 miles. Winds were from the east at 9 mph.City officials said they were not sure what led the pilot to crash-land atop a building without a helipad.A typical afternoon inside the offices of a Midtown Manhattan skyscraper suddenly turned to chaos when the helicopter, 11 minutes into its flight, landed on the roof.The helicopter took off from East 34th Street Heliport about 1:32 p.m. Monday, New York police Commissioner James O'Neill said.Based on interviews investigators conducted at the East 34th Street Heliport on Manhattan's East Side, the pilot made statements that he believed he had a 5- to 7-minute break in the rainy weather to take off, according to a law enforcement source familiar with the investigation. The pilot did not refuel at the heliport, the source added.Once the pilot was in the air, he radioed back to the heliport and said he needed to return. The last time the pilot communicated with the heliport he conveyed he was unsure of his location, the source said.The pilot then flew around Battery Park on the southern tip of Manhattan, up the west side of the island and then, somewhere around the streets in the 40s, started to veer toward Midtown Manhattan before crash-landing, the law enforcement source said.McCormack had flown for American Continental Properties, the company that owns the helicopter, for five years, according to a company statement.McCormack received his commercial pilot's license in 2004, according to Federal Aviation Administration records, and he was certified as a flight instructor for a rotorcraft-helicopter last year.In October 2014, the pilot was flying a helicopter over the Hudson River with six tourists on board when a bird struck and broke part of the windshield, according to 2637

The Ottawa Senators announced late Tuesday that one of its players tested positive for the coronavirus, marking the NHL's first confirmed case. In a statement, the Senators confirmed that t
The officers involved in the fatal shooting of Stephon Clark detailed the moments leading up to the unarmed man's death last year in his grandmother's backyard in Sacramento.In nearly 800 pages of police reports and dispatch records released by 256
The ill-fated Ethiopian Airlines flight that crashed shortly after takeoff on Sunday was packed with humanitarian workers and international experts, many of whom were bound for a major United Nations environmental summit in the Kenyan capital, Nairobi.Twenty-two UN staff members were among the 157 people killed after Flight ET302 plummeted into a field outside Addis Ababa, Ethiopia, UN Secretary-General spokesman Stephane Dujarric confirmed to CNN.The airline said passengers from at least 35 countries were on the flight, often referred to as a "UN shuttle" for ferrying staff between Addis Ababa, home of the African Union headquarters, and Nairobi, the UN's headquarters in Africa.But the plane was particularly full due to the 747
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