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
Inside the battle for Americans' money, big business is struggling to hold on to shoppers.
In fact, 73 percent of major brand categories dropped in a measure of loyalty that gauged if shoppers would purchase the items whether on sale or not, according to Deloitte's annual American Pantry Study of more than 354 brands across 34 product categories.
There is evidence that interest in store brands is also fading.
About four out of 10 respondents said they view buying store branded items as a sacrifice, up 10 percentage points from the year before. The portion of people who said they were more open to store branded items also dropped by 8 percentage points to about two thirds of respondents.
"While the majority of consumers say they are committed to sustained frugality year after year, our findings point to early signs that they may finally be responding to a belated but increasingly strong economic recovery," said Barb Renner, vice chairman, Deloitte LLP and U.S. Consumer Products leader, in a release. "It creates tremendous opportunities and risks for companies in this sector, given households' lack of commitment to national brands brought on by years of stretching dollars to the limit."
Deloitte also examined just what makes customers pull the impulse trigger. A full 89 percent cited discounted prices as a reason they bought an expected item while 63 percent said they wanted to try a new item.
To gauge Americans' buying habits, Deloitte commissioned an independent research company to poll 4,013 consumers.