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
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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
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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
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Reps. Rosa DeLauro, D-Conn., and Lucille Roybal-Allard, D-Calif., say they sent a letter to Homeland Security and the Department of Health and Human Services seeking answers.Health and Scienceread more
U.S. government debt yields were mixed Friday as investors assessed the latest gross domestic product (GDP) data out of the U.S.
Meanwhile the yield on the 2-year Treasury note hit a high of 1.639 percent earlier in the morning, its highest level since Oct. 2008, when the 2-year yielded as high as 1.716 percent.
President Donald Trump is getting closer to naming the next Federal Reserve chair, with sources saying the pick is going to be Fed Governor Jerome "Jay" Powell. Yields slipped as Wall Street grows more confident in Powell's candidacy.
While the department acknowledged that it was difficult to assess the total impact of Hurricanes Harvey and Irma on economic output, preliminary estimates showed that the back-to-back storms had caused losses of $121.0 billion in privately owned fixed assets, reported Reuters.
In central banking news, the European Central Bank announced Thursday that it plans on cutting the level of bonds that it buys every month; however, it will extend the monetary stimulus program until at least September 2018.
Meanwhile, a few House Republicans sent a letter to President Donald Trump, calling upon him to not reappoint Janet Yellen as chair of the Federal Reserve when her term expires in early 2018.
In politics, the House narrowly voted to approve a Senate version of next year's federal budget Thursday, making it easier for the Senate to push through tax cuts in the near future.
In the energy markets, oil prices were under slight pressure in morning trade.
—CNBC's Jeff Cox, Christina Wilkie and Gina Francolla contributed to this report.