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 Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread 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
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
The sexy image that once boosted Victoria's Secret has been haunting L Brands more recently, as women are steering clear of the brand's hot pink, lacy and bejeweled lingerie.Retailread more
See which stocks are posting big moves after the bell.Market Insiderread more
"I'd love to say that the optimistic universe is most likely to prevail, but the talking heads talk endlessly about how a recession is inevitable," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
Read the fine print in your Apple Card contract — one clause means you give up your right to be heard in court.Technologyread 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
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
FedEx on Wednesday reported higher second-quarter earnings, but the numbers fell short of analysts' expectations.
FedEx shares fell in premarket trading following the announcement. (Get the latest FedEx quote here.)
The company reported earnings of $2.14 a share, up 36 percent from $1.57 a share reported in the year earlier period.
FedEx revenue quarterly edged up to $11.9 billion, from $11.4 billion last year.
FedEx had been expected to deliver fiscal second-quarter earnings of $2.22 a share on revenue of $11.98 billion, based on Thomson Reuters consensus estimates.
"FedEx posted strong results and a higher operating margin in the second quarter, with continued growth in volumes and base yields in each of our transportation segments," Frederick W. Smith,chairman, president, and CEO said in a statement.
The company reaffirmed its 2015 earnings guidance of $8.50 to $9.00 a share, assuming continued moderate economic growth and a modest net benefit from fuel, the company said. Capital spending was forecast at $4.2 billion.
U.S. domestic package volume increased by 7 percent, including a 10 percent increase in U.S. overnight shipping. However revenue per package fell 2 percent due to decreased fuel surcharges and lower weight.
International package volume rose 5 percent, while international priority package volume increased 1 percent. Internationalrevenue per package was flat, with higher rates offset by unfavorable currency exchange and lower fuel surcharges.
The shipping company is gearing up to ship a record number of packages this holiday season. To avoid the logistical glitches that the company faced last year, additional trucks, workers and more than 600 planes have been added to the crew to ensure timely delivery.
FedEx shares have risen 21 per cent since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 7 per cent. The stock has increased 25 per cent in the last 12 months.
—CNBC's Hailey Lee and wires contributed to this report.