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
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
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
Although recent record snowfalls in the northeast may mess with the 2015 tallies, during 2014, airlines reported a record low number of tarmac delays longer than three hours.
A new report from the U.S. Department of Transportation shows that during 2014, only 30 domestic flights had tarmac delays longer than three hours. Nine international flights had tarmac delays longer than four hours at U.S. airports.
That's a steep turnaround from 2009, when 868 domestic flights had tarmac delays longer than three hours. That was also the last full year before DOT rules went into effect barring U.S. carriers operating domestic flights from keeping passengers on board planes delayed beyond three hours.
The rule went into effect in April 2010. The following year, the rule was applied to U.S. and foreign carriers operating international flights to or from the U.S.
The latest numbers are even a decline from 2013, when there were 84 domestic flights with tarmac delays longer than three hours and 55 international flights with tarmac delays longer than four hours at U.S. airports.
"These tarmac delay rules are meant to protect passengers and it appears that the airlines have gotten the message," said U.S. Department of Transportation Secretary Anthony Foxx in a statement.