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
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace, Reuters reported citing a preliminary business survey.Asia Marketsread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread 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
Ford is one of four automakers that reached a voluntary agreement with California on fuel efficiency rules, defying Trump and his administration's effort to strip the state of...Autosread 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
Unless and until Congress finalizes the Tax Cuts and Jobs Act, financial advisors warn, be cautious about making big moves to sway your tax bill.
Senate Republicans said Friday they are confident they have the support needed to pass their tax bill. Should that happen, the Senate and House will need to reconcile the differences in their bills before presenting President Trump with a final version.
Financial advisors tell CNBC that uncertainty around what might or might not make it into that ultimate bill means that consumers should tread carefully. You don't want to do something that would be financially damaging if a particular change doesn't go through, said Erika Safran, a certified financial planner and founder of Safran Wealth Advisors in New York.
For now, focus on making moves that will benefit your overall financial situation regardless of legislative changes, she said — such as maxing out pre-tax contributions to your 401(k) plan and making charitable donations.
"Do all the things you can within the current framework," Safran said.
Once there is a final version of the tax reform bill, quickly coordinate with your financial advisor and tax professional, said Kevin Meehan, a certified financial planner and regional president for Wealth Enhancement Group in Itasca, Ill. They can run projections to figure out how tax reform provisions are likely to affect you, and what the right steps are to take.
"The main areas you're going to want to look at: Should I defer or accelerate income or deductions?" Meehan said.
Depending on the timing, there could be last-minute moves to make this year, as well as shifts in strategies going forward, said certified financial planner Barry Glassman, founder and president of Glassman Wealth Services in Vienna, Va.
"You've got to be nimble," he said. "Now that we know what we have, what do we do about this?"