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
The Great Pacific Garbage Patch is now twice the size of Texas and contains 1.8 trillion pieces of trash floating in the ocean. The Ocean Cleanup is an ambitious non-profit committed to removing it, and on Saturday it launches its first system out to sea from the San Francisco Bay.
Dutch entrepreneur Boyan Slat came up with the idea when he was 16 years old.
"I went scuba diving in Greece and I actually saw more plastic bags than fish around me," said the Ocean Cleanup CEO and founder. "I wondered, why can't we just clean this up?"
He founded the organization in 2013 and the team has raised $35 million through crowdfunding campaigns and big donors like Marc Benioff and Peter Thiel.
System 001 is a 600 meter long float, with a 3 meter skirt and it's designed to corral plastic and debris. The collected garbage will then be removed by garbage truck-like ships.
The initial contraption will be used for testing and aims remove about 50 tons of the garbage, but the goal is to launch 60 systems to reduce the floating garbage patch by 50 percent in the next five years.