It was the third trigger of the recession indicator in less than two weeks.Bondsread more
Overstock CEO Partick Byrne has resigned from the e-commerce company after making controversial comments about his role in the "Deep State."Technologyread more
U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.Marketsread more
Philadelphia Fed President Patrick Harker said he doesn't see the case for additional stimulus after the Federal Reserve's July rate cut.The Fedread more
Stocks fell, giving up earlier gains as investors wondered whether the Federal Reserve will cut interest rates next month.US Marketsread more
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
German Chancellor Angela Merkel said a solution to the Irish "backstop" is possible before the October 31 Brexit deadline.Europe Economyread 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
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
While Volkswagen may not want to invest in Tesla, the U.S. carmaker has been scouting locations in Europe for a new Gigafactory there.Autosread more
Avis Budget Group stock plunged nearly 12 percent in midday trading Tuesday after reporting rising costs for its fleet of automobiles.
The car rental company reported third quarter profits after Monday's close above estimates, but revenue of $2.75 billion was below Wall Street's expectations of $2.78 billion in a FactSet survey of analysts. Avis' costs per vehicle rose 3 percent, which company management has previously said is due to increasing the rental fleet too quickly in the first half of the year.
MKM Partners remained optimistic despite the lackluster results, saying "the outlook for fleet costs is more sanguine" looking into 2018.
"Hurricane headwinds in the third quarter should not mask improvement in underlying trends," MKM analyst Christopher Agnew wrote in a note Tuesday."
While Agnew noted that the costs from hurricanes battering the southeast were greater than expected, he says "the market should and ultimately will look through noise from the storms."
"We believe the strength in underlying trends are more important going forward," Agnew added.
Avis lowered the higher end of its revenue forecast by $50 million for 2017, saying it now expects to generate between $8.9 billion and $8.8 billion.