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 in their 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
President Trump and Apple CEO Tim Cook have had a rocky relationship in recent years, but Trump is now complimenting the executive publicly.Technologyread more
Apple's move into banking could break a key relationship point between customers and wireless carriers such as Verizon and AT&T, according to MoffettNathanson.Marketsread 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
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
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
A closely watched index on China's economic activity met expectations in June.
The private Caixin/Markit manufacturing PMI came in at 51.0, slightly lower from 51.1 in May as new export sales fell for the third straight month, said a joint press release.
Economists polled by Reuters had expected the Caixin/Markit index to slip to 51.0 in June from May.
On Saturday, China released its official PMI which also showed manufacturing activity fell — to 51.5 in June from 51.9 in May. The June new export orders index contracted for the first time since February, dropping to 49.8 from 51.2 in May.
Still, the two headline PMI readings were above 50 — indicating expansion in manufacturing activity. A reading below 50 signals contraction.
The Caixin/Markit index for new export orders fell to its lowest level this year and was in contraction territory "pointing to a grim export situation amid escalating trade disputes between China and the U.S., which led to weak demand across the manufacturing sector," said Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group, a Caixin subsidiary.
China's official PMI gauge focuses on large companies and state-owned enterprises, while the reading by Caixin and IHS Markit focuses on small and medium-sized enterprises.
Economic data from China is being closely watched amid trade tensions between and . U.S. are expected to take effect on July 6, with China set to retaliate with duties of its own on the same value of American goods.
There are fears that the impending trade spat between the world's two largest economies could hit the markets and even the world economy.