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 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
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
Read the fine print in your Apple Card contract — one clause means you give up your right to be heard in court.Technologyread 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
Jim Nussle, a former director of the Office of Management and Budget, told CNBC on Wednesday that a strong U.S. consumer is the only thing keeping the country from recession.Marketsread more
Mayor and 2020 hopeful Pete Buttigieg is making inroads into the New York donor circuit as he prepares to attend a campaign fundraiser hosted by Broadway executive Jordan Roth.
Roth, and his husband, Richie Jackson, who is a movie producer, will be holding a reception for the South Bend, Indiana mayor with suggested contributions from $250 to $2,800, according to an invite first obtained by CNBC.
Roth is the president and majority owner of Jujacmyn Theaters, which has presented a litany of award-winning Broadway shows including "The Book of Mormon" and "Springsteen on Broadway." He's also the son of billionaire and real estate titan Steven Roth, who, according Forbes, has a net-worth of $1.1 billion.
The elder Roth, however, is a staunch supporter of Republican causes. He recently invested $100,000 into President Donald Trump's joint fundraising committee, Trump Victory and the same amount toward former House Speaker Paul Ryan's organization, Team Ryan.
For Buttigieg, an openly gay candidate for president and Afghanistan War veteran, the fundraiser represents a sign that he is making traction with donors and voters alike.
In a recent Emerson poll, the South Bend mayor picked up 11 percent of the vote in the early caucus state of Iowa. Nationally, Buttigieg has totaled 2 percent of the vote from Democratic primary voters, according to data compiled by Morning Consult. Notably, Buttigieg tied in that same poll with Minnesota Sen. Amy Klobuchar.
A spokeswoman for Buttigieg did not return a request for comment. Roth did not return an email seeking comment.