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
Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battleThe Fedread 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
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 president's remark followed a string of criticisms aimed at his predecessors, whom he claimed had ignored China's alleged malpractice on trade.Politicsread more
President Trump liked Germany's sale of no-interest, 30-year bonds Wednesday, but investors weren't so eager to buy them.Market Insiderread more
SunTrust Robinson Humphrey analysts said in a research note the "Off-Facebook Activity" feature "appears to fall somewhat short of the original pledge by CEO Zuckerberg of...Technologyread more
"If you look at the market over the past week, stocks don't need any help. They are roaring ahead, without the Fed doing anything," says the longtime market strategist.Marketsread more
Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment.US Marketsread more
Another one bites the dust.
Two months after Frederick's of Hollywood said that it will close at least one-third of its 93 stores to improve profitability, the risqué lingerie shop's website now says that it no longer has store locations.
Instead, the retailer explained on its website that its "online store offers the same selection of products," and it encouraged visitors to shop the page with a free shipping offer.
Frederick's did not immediately respond to requests for further comment.
The shift in strategy makes Frederick's the latest struggling retailer to leave behind the pricey operations of running physical stores, for the less cost-intensive world of online sales.
Earlier this year, teen retailer Delia's said it would wind down its store operations and sell its merchandise on the Web. The brands are taking a page from retailers such as Linens 'n Things and Sharper Image, which despite closing all of their stores in 2008 have survived as Web shops.
Read MoreRetail chains that disappeared
This isn't the first time Frederick's has faced financial troubles. The retailer filed for Chapter 11 bankruptcy protection in 2000, when it operated 200 stores and had a reported $70 million in debt. It emerged from bankruptcy in 2003 following a massive restructuring. After going public in 2006, the company was taken private eight years later, in a transaction valued at about $24.8 million.
"We look forward to entering this new phase of the company's history and having access to the capital resources needed to implement a turnaround strategy that can take full advantage of the Frederick's of Hollywood brand," then-Chairman and CEO Thomas Lynch said at the time.
Correction: Kate Spade Saturday items will not be sold on Kate Spade's website. An earlier version of this story said that they would.