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
Shares of Chipotle Mexican Grill dropped more than 6% Thursday after the company disclosed a new subpoena related to a 2018 foodborne illness outbreak at one of its stores.
The Mexican food chain said in a filing with the Securities and Exchange Commission that it received a subpoena on April 18 for information related to foodborne illness incidents from 2017 and 2018 at restaurants in California, Massachusetts and Virginia — locations that were covered by previous subpoenas — and a location in Ohio.
In August, Chipotle confirmed that bacteria caused an outbreak of illness at a Powell, Ohio store, sickening hundreds of customers.
The subpoena is from the U.S. District Court for the Central District of California in connection with a criminal investigation conducted by the U.S. attorney's office in conjunction with the FDA. The company said in the filing that it intends to cooperate fully with the investigation.
"Food safety is our number one priority at Chipotle. We have been cooperating and meeting with the government over the last several years and have been providing them with information regarding our food safety standards," spokeswoman Laurie Schalow said in a statement.
Since CEO Brian Niccol joined the company last February, the company has been trying to persuade customers and investors that its food is safe to eat after an E. coli outbreak in 2015 led both sales and its stock price to plunge.
"I think we are a leader in these spaces around food safety, and as a result, I think our restaurants are better than ever," Niccol said on CNBC's "Squawk on the Street, " adding that there is always room for improvement.
Before the markets opened Thursday, Chipotle's stock was flat, despite reporting earnings Wednesday that topped estimates and boosting its same-store sales outlook for 2019. Under Niccol, the company has focused on bringing back customers by persuading them to order their burrito bowls digitally.
At the end of March, the company's stock price hit $700 per share for the first time since 2015. Prior to Thursday's drop, the stock had gained more than 64% so far in 2019.