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
Microsoft's growth could get a boost from its latest Xbox launch as well as its exploration of the growing esports industry, according to one Wall Street analyst.
Canaccord Genuity upgraded Microsoft shares to buy from hold Wednesday, noting that the Xbox maker could give more credibility to the budding world of esports, which is centered on video game tournaments and already attracts thousands of participants and viewers.
"In our view, this is both an area of future internal development and prospective M&A," wrote analyst Richard Davis. "With regard to M&A, perhaps Microsoft could become the Ticketmaster of eSports, maybe they could run leagues."
Microsoft is set to release its latest generation of Xbox, called the Xbox One X, in November. Davis added that Microsoft's office productivity programs and its cloud computing platform, Azure, could also accelerate growth.
Shares of Microsoft rose 0.5 percent shortly after Thursday's market open. The company's stock is up 20 percent year to date through Wednesday.
The analyst raised his price target for Microsoft shares to $86, which is 15 percent higher than Wednesday's closing price. His old target was $76.
Esports are turning a lot of heads lately. Industry revenue is expected to hit $1.1 billion in 2019, and roughly 76 percent of esports fans claim the virtual tournaments are overtaking their time spent watching traditional sporting events, according to research firm Newzoo.
New England Patriots owner Robert Kraft recently made headlines by purchasing one of seven teams for the Overwatch League, a popular online game produced by Activision Blizzard.
"For brands, media, and entertainment companies, esports provides a chance to capitalize on the favorite pastime of digital natives and Millennials: playing games and watching game content," Newzoo's analysts wrote in the firm's annual esports market report.