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
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread 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
Ford is one of four automakers that reached a voluntary agreement with California on fuel efficiency rules, defying Trump and his administration's effort to strip the state of...Autosread 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
RIO DE JANEIRO, Aug 8 (Reuters) - A jailed former finance minister in Brazil has said in plea bargain testimony that beverage giant Ambev SA made "inappropriate payments" to former presidents Luiz Inácio Lula da Silva and Dilma Rousseff, according to a newspaper report.
Brazilian newspaper Estado de S. Paulo, citing confidential court documents, said former Finance Minister Antonio Palocci told federal police he also personally received payments from the company that he said were aimed at preventing an increase in beverage taxes.
The newspaper said it was the first time Ambev, the Latin American and Canadian subsidiary of Anheuser Busch Inbev NV and one of Brazil's largest companies, has been caught up in the massive, multi-year corruption probe known as Operation Car Wash.
Ambev shares were down 2.3% in early trading on the Sao Paulo stock exchange.
Representatives for the company did not immediately respond to a request for comment.
(Reporting by Gram Slattery; Editing by Steve Orlofsky)