"My sense was we've added accommodation and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Apple plans to unveil three new iPhones in September, including two new "Pro" models and a successor to the iPhone XR, Bloomberg reported Thursday.Technologyread more
Corporate profits posted modest growth in the second quarter as companies brace for slowing global growth.Retailread more
Kraft has filed a contempt motion against the CFTC over a press release announcing the $16 million fine to settle claims of manipulating wheat prices.Food & Beverageread more
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
Democratic candidates face an August 28 deadline to qualify for the September debate.2020 Electionsread more
Target shares closed Wednesday up more than 20%, after the retailer reported impressive profit growth and a spike in traffic that surpassed analysts' expectations.Retailread more
"If I could borrow without paying any interest, or ever pay the money back, I would borrow as much as I could, too," the 'Trumponomics' co-auther says.Economyread more
The expansion news comes one day after the company announced its new campus in India's southern city of Hyderabad.Technologyread more
Kansas City Fed President Esther George said the Federal Reserve may be partly responsible for the yield curve inversion.The Fedread more
Initial quantities of the iPhone 7 Plus have sold out globally as Apple prepares to roll out its new gadget in stores, the company said Wednesday.
Supplies of the larger size of Apple's new phone have been exhausted in all shades, and the smaller iPhone 7 has also sold out in the new jet black color, the company said.
Customers who enter Apple Stores Friday, when the gadgets hit shelves, will not be able to purchase the sold-out phones on site, but they can continue to place orders for their desired models online, Apple said.
"We sincerely appreciate our customers' patience as we work hard to get the new iPhone into the hands of everyone who wants one as quickly as possible," Apple spokeswoman Trudy Muller said in a statement.
Apple launched the new phones at a San Francisco event earlier this month. The gadgets feature improved cameras and eliminate the traditional headphone jack in favor of new technology.
Breaking with tradition, the company will not release first-weekend sales of the iPhone 7 and 7 Plus, saying the figure is more a reflection of supply than demand.
The decision sparked concerns among some on Wall Street, where many fear sales of the iPhone, a critical product for Apple, may be leveling off. But U.S. wireless carriers Sprint and T-Mobile US said on Tuesday they received strong pre-orders for the iPhone 7, sending Apple shares up.
"Based on everything I've seen it looks like demand is very strong," analyst Jan Dawson of Jackdaw Research wrote in an email.
The 5.5-inch iPhone model, known as the Plus, has sold out soon after launch since Apple introduced the size with the iPhone 6 in 2014. Phones in newly released finishes are also typically snapped up quickly by customers eager to showcase the latest iPhone design.