In a series of tweets, the president addressed an unusual controversy stemming from a speech Thursday that New York Fed President John Williams delivered.Marketsread more
Amazon hires Trump-allied lobbyist Jeff Miler as battle for Pentagon contract heats up.Politicsread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
Walmart is making further organizational changes to further integrate its store and digital operations and leadership, according to a memo obtained by CNBC that was sent by...Retailread more
George Nader helped arrange a January 2017 meeting in the Seychelles between Erik Prince and the head of Russia's sovereign wealth fund, who reported directly to Vladimir...Politicsread more
These are the stocks posting the largest moves midday.Market Insiderread more
"I'm not hearing people blame the Fed as much as they're blaming tariffs," says CNBC's Jim Cramer.US Economyread more
Earlier, Williams said in a speech that "it's better to take preventative measures than to wait for disaster to unfold."The Fedread more
Four members of the House Armed Services Committee, including ranking member Rep. Mac Thornberry, R-Texas, said moving forward with the contract was critical to U.S. national...Technologyread more
Gold has been on fire this year and some investors think it is poised to do something it has only done twice since World War II.Marketsread more
The University of Michigan's preliminary print on its consumer sentiment index ticked up to 98.4, from 98.2 in June. Economists polled by Refinitiv expected the preliminary...Economyread more
Chipotle Mexican Grill is thinking outside the tortilla: It's opening its first burger joint.
Ending months of speculation, the company said its first Tasty Made burger restaurant will open in this fall, in Lancaster, Ohio. The menu will focus on and feature only burgers, fresh-cut french fries and milkshakes.
"Early fast food burger restaurants generally had focused menus," CEO Steve Ells said in a statement. "We think there's great strength in that original fast food model and wanted to create a restaurant built around that."
The burrito chain hinted at a burger venture in March, when it filed a trademark application for "Better Burger."
"We have two non-Chipotle growth seeds open now ― ShopHouse and Pizzeria Locale ― and have noted before that the Chipotle model could be applied to a wide variety of foods," a spokesman from Chipotle told CNBC at the time.
The opening of the burger concept comes as Chipotle fights to recover from an E. coli outbreak and norovirus cases that sent sales plunging at its namesake chain. The burrito chain swung back to profitability in the second-quarter due to "modest" improvements in foot traffic, fueled by the company's Chiptopia loyalty program.
Chipotle faces steep competition in the fast-casual burger space from Shake Shack, Five Guys and Smash Burger.
Shares of the company were slightly higher in early afternoon trading.