The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
U.S. government debt prices were lower on Thursday as investors digested the release of a host of data — the last big blast before the U.S. Federal Reserve meets next week.
Reuters reported that in the early afternoon the five-year, 30-year yield curve steepened to 129.70 basis points, it steepest level since June 27.
Initial jobless claims came in at 260,000, slightly below expectations, while August PPI came in unchanged, missing expectations. Retail sales for August missed expectations, falling more than expected. Meanwhile, industrial production fell 0.4 percent in August, more than the expected 0.3 percent slide. Business inventories for July came in unchanged versus an estimated rise of 0.1 percent.
Thursday's data deluge was the last before the Fed's policymaking committee begins its two-day meeting on monetary policy. Investors have been closely looking at economic data, evaluating the possibility the central bank raises interest rates. Market expectations for a rate hike this month are just 12 percent after Thursday's data release, according to the CME Group's FedWatch tool.
"The economic data today was just atrocious and the economy seems to be unable to sustain without the central bank support. If this is the case, this could become a serious problem for the Fed and they can soon start paddling backwards. Going forward the number which we will be watching more closely will be the US CPI and consumer sentiment data due tomorrow and this is the last set of important number which the Fed will receive before they meet next week," Naeem Aslam, chief market analyst at Think Markets, said in a note to clients.
— CNBC's Patti Domm contributed to this report