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
Check out the companies making headlines after the bell:
Shares of Wells Fargo jumped more than 3 percent after market close Thursday following news that the bank's CEO Tim Sloan is retiring. Sloan was under pressure to step down, especially from lawmakers like Sen. Elizabeth Warren. The bank's general counsel Allen Parker will take over as interim CEO and president.
Morgan Stanley shares ticked slightly higher after a memo revealed that its president, Colm Kelleher, is retiring. He joined the bank in 1989 and will be officially stepping down on June 30.
Shares of RH, parent company of Restoration Hardware, plummeted more than 17 percent in extended trading after releasing mixed fourth-quarter results. The home furnishings company lowered its 2019 revenue guidance to a range of $2.585 billion and $2.635 billion, down from its previous range of $2.72 billion to $2.82 billion. The company cited weakness in its core business after the fourth-quarter market volatility and negative trends in the high end housing market.
RH also reported fourth-quarter earnings per share of $3 on revenue of $670.9 million. Wall Street expected earnings per share of $2.86 on revenues of $686.30 million, according to Refinitiv.
Shares of Progress Software surged more than 20 percent in extended trading after announcing it is acquiring private secure data file transfer company Ipswitch for $225 million in cash.
Progress Software's first-quarter earnings were also released. Adjusted earnings per share during the quarter was 50 cents compared to 56 cents in the same quarter last year, a decrease of 11 percent. Revenue was $89.5 million during the quarter compared to $95.5 million in the same quarter last year, a decrease of 6 percent.
Correction: Colm Kelleher was president of Morgan Stanley. A previous version of this story misstated his title.