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
Jim Nussle, a former director of the Office of Management and Budget, told CNBC on Wednesday that a strong U.S. consumer is the only thing keeping the country from recession.Marketsread more
Shares of Spirit Airlines gained 3 percent after Credit Suisse upgraded the company to "outperform."
The firm also increased its price target to $55 from $44, implying a 25 percent upside to the stock's Monday closing price of $43.85.
In Credit Suisse's note, the firm said it expects Spirit's earnings to grow by 15 percent in 2017 despite higher fuel costs, "which is unique among [its] coverage."
The firm also cited Spirit CEO Robert Fornaro's investment in operations will pay off.
"Improved operational performance should result in better load factors for [Spirit Airlines] over time and is a natural evolution of the model to improve the brand and take greater share from legacy carriers (the same way Ryanair has in the EU)," the firm said in its note.
Spirit Airlines shares are up 10 percent this year, but down 29 percent in the last 12 months.
Disclosure: Credit Suisse acts as a market maker in Spirit Airlines, which is also an investment banking client of the firm.