It was the third trigger of the recession indicator in less than two weeks.Bondsread more
U.S. manufacturer growth slowed to the lowest 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 as fears of an economic recession built up ahead of a key speech from Federal Reserve Chairman Jerome Powell.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
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
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
Corporate profits posted modest growth in the second quarter as companies brace for slowing global growth.Retailread more
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
Kraft has filed a contempt motion against the CFTC over a press release announcing the $16 million fine to settle claims of manipulating wheat prices.Food & Beverageread more
Payment company Square's chief financial officer Sarah Friar will step down and take a job as CEO of Nextdoor, the company announced Wednesday.
Shares of the fintech company, run by Twitter CEO Jack Dorsey, dropped as much as 8 percent in after-hour trading.
"I'm saddened by the news," Square CEO Jack Dorsey said in note to employees. "I was unrealistically expecting to be working with Sarah well into our late 90s (swapping the standup tables for rocking chairs). Unrealistic because I knew of Sarah's lifelong ambition to run her own company."
The current CEO of Nextdoor, a social network for local neighborhoods founded in 2010, announced plans to step down from his role after almost eight years Wednesday.
San Francisco-based Square is well-known for its credit card processor, payment hardware and popular Cash app. The company has also expanded into small business lending with Square Capital, which launched in 2014. Friar recently hinted at more moves into banks' turf, and that "anything you do today with a bank account, you should look to the Cash App to begin to emulate more and more of."
Friar helped take Square public in 2015, and build "a growing ecosystem of businesses that will scale into the future," Dorsey said in a press release.
"Sarah leaves us having established a culture of entrepreneurship and discipline across the entire company. She has been an amazing leader, partner, and friend, and we are grateful for all she's done for Square," the CEO said.
Square's stock is up more than 130 percent year over year, and have surged more than 105 percent this year alone.