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
Amazon.com shareholders overwhelmingly rejected a proposal that the company stop selling facial recognition technology to government agencies, while a resolution to audit the service drew more support, a regulatory filing on Friday showed.
Some 2.4% of votes were in favor of the ban. A second proposal that called for a study of the extent to which Amazon's "Rekognition" service harmed civil rights and privacy garnered 27.5% support.
Amazon's sale of the technology to law enforcement in Oregon and Florida has put the company at the center of a growing U.S. debate over facial recognition, with critics warning of false matches and arrests and proponents arguing it keeps the public safe.
Amazon has defended its work and said all users must follow the law.
These and other Amazon resolutions by shareholders faced an uphill battle to winning majority support, with Amazon's board recommending against them and founder and Chief Executive Jeff Bezos controlling 16% of the stock and voting rights.
Calculation of support was based on the total votes for, against and abstaining. The tallies excluded broker non-votes.
Law enforcement in the United States have used facial recognition for years, and vendors of the technology have abounded, including France's Idemia, Japan's NEC and newer entrants like Israel's AnyVision and Microsoft, which has called for regulation in recent months.
Now, members of the U.S. Congress are looking into the rights impact of the technology. Amazon's marketing of facial recognition has resulted in intense scrutiny, and researchers have said its technology struggled to identify the gender of individuals with darker skin, prompting fears of unjust arrests.
Among other issues shareholders considered before Amazon's annual meeting on Wednesday was a request to make it easier for investors to call a special meeting, which garnered 35.3% of votes.
A proposal that the company report how it plans to deal with climate change received 29.8% of votes. Nearly 7,700 employees had signed a letter of support of the climate resolution, in a sign of rising worker activism at Amazon.