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
Silicon Valley venture capitalist Peter Thiel was right to call out Alphabet's Google for working with China, former Barack Obama White House cybersecurity chief Richard Clarke told CNBC on Wednesday.
"Here's what I think is true: Google refused to work for the Pentagon on artificial intelligence," said Richard Clarke, whose 30-year government career also included stints as White House counterterrorism coordinator under former presidents Bill Clinton and George W. Bush. Clarke was referencing Google's contract with the Defense Department, which expired earlier this year and was not renewed.
"If you turn around and you work on artificial intelligence in China, and you don't really know what they're going to do with that, I think there's an issue," Clarke said in a "Squawk Box" interview.
In 2017, Google opened an AI center in Shanghai to focus on education and machine language learning. However, the search engine is still blocked in the country.
Clarke was responding to Thiel's weekend accusations that Google works with the Chinese military and Thiel's calls for the FBI and CIA to investigate.
Google has denied working with the Chinese military.
When asked by CNBC's Andrew Ross Sorkin if Clarke had evidence of Google working with China, the cybersecurity expert said Wednesday that the U.S. tech giant is working on AI projects there. "Do you think there's a real distinction" between Chinese companies and the Chinese government, he asked, rhetorically.