The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
President Trump and Apple CEO Tim Cook have had a rocky relationship in recent years, but Trump is now complimenting the executive publicly.Technologyread more
Here's what Nordstrom reported in their fiscal second-quarter earnings.Retailread more
Apple's move into banking could break a key relationship point between customers and wireless carriers such as Verizon and AT&T, according to MoffettNathanson.Marketsread more
Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battleThe Fedread more
President Donald Trump signed a memorandum on Wednesday to automatically cancel the student loan debt of disabled veterans. More than 25,000 service members will have their...Personal Financeread more
Reps. Rosa DeLauro, D-Conn., and Lucille Roybal-Allard, D-Calif., say they sent a letter to Homeland Security and the Department of Health and Human Services seeking answers.Health and Scienceread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.Politicsread more
The process of getting into your hotel room may soon be simplified by a smartphone app that automatically unlocks your door when you're near—or it may complicate things, depending on whether the app is secure and easy to use.
Two hotels run by Starwood Hotels & Resorts are trying a new lock system that connects via Bluetooth to an iOS or Android app, according to a report in the Wall Street Journal. Such automated door locks already exist for installation in the home, but putting them in hotels is something of a different challenge.
The potential benefits are substantial, though: No longer would hotels have to throw away key cards by the thousand, and an app could actually prove more secure and convenient if done right.
Millions of existing locks are vulnerable to hackers, and of course there's the ever-present risk that you'll lose your key. Now you'd have to lose your phone to have the same problem.
(Read more: Hotels dock on the Hudson for Super Bowl weekend)
You can already check in and out via app at hundreds of hotels, but actually activating the door lock requires significant changes to the locks themselves. A wireless receiver on the door is activated via the Bluetooth on the guest's phone, and the lock is unlocked through a button or gesture. The receivers are battery-powered, so they'll work in an outage and alert hotel staff when power reserves are low.
It's not without risk. Naturally a wireless, online system like this opens itself up to new methods of attack.
"There are ways to make its security more foolproof by having the guests download the key into the app only when they are on premise," wrote mobile security expert Chetan Sharma in an email to NBC News, to "ensure that the computing system at the hotel doesn't get overwhelmed by attacks or spam from outside."
(Read more: Loews Hotels flips on free Wi-Fi for all rooms)
He added that the hotel chain would need to address bugs and security updates quite quickly, since the safety of guests would be at stake—and naturally the doors should be able to open by more traditional means, just in case.
Right now the system is getting a tryout at the Aloft hotels in Silicon Valley in California and Harlem in New York. If all goes well the system could be rolled out to hundreds of Starwood hotels around the world.
(Read more: In best hotels lists, old and new media matter)
Devin Coldewey is a contributing writer for NBC News Digital. His personal website is coldewey.cc.