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
U.S. stock futures were pointing to a lower open on Wall Street on Tuesday, a day after the Dow Jones Industrial Average, S&P 500 and Nasdaq declined for the second straight session. Investors continued to pile into bonds, pushing yields inversely lower on concerns about the U.S.-China trade war — and increasingly, the anti-government protests in Hong Kong. The Dow, S&P 500 and Nasdaq were all roughly 5% off their all-time highs set in July. China's central bank, to the chagrin of the Trump administration, set its currency weaker than 7-yuan-per-dollar for the fourth consecutive session.
The 10-year Treasury yield remained under some pressure Tuesday as the bond market moved closer to sending its biggest recession signal yet. While various yield curve pairs inverted months ago, the 2-year Treasury yield to 10-year spread looks set to go upside down any day now. The yield curve, the plot of U.S. interest rates based on maturity dates, is at its flattest level since 2007 before the Great Recession. An inversion, which happens when shorter-term rates move higher than longer-term ones, has historically been a reliable recession signal.
Pro-democracy protesters crippled operations at Hong Kong International Airport for a second day Tuesday, forcing authorities to cancel all remaining flights out of the Chinese territory. State media outlets in China warned that Hong Kong demonstrators are "asking for self-destruction" as they released a video showing Chinese military vehicles amassing near the border of the city. Hong Kong's embattled leader said that "lawbreaking activities in the name of freedom" were damaging the rule of law.
CBS and Viacom are finalizing their merger agreement, negotiating a share exchange ratio that would value Viacom at nearly $12 billion. The talks are ongoing, and nothing has been finalized, people familiar with the matter told CNBC on Monday. Shari Redstone, whose National Amusements is the principal owner of both companies, has advocated for a deal. CBS and Viacom nearly merged a year ago before a rift over who would run the combined company derailed discussions.
Uber shares were stable in premarket trading Tuesday after falling to their lowest close ever. The stock, still reeling from last week's massive second-quarter loss, dropped 7.6% to $37. Since its New York Stock Exchange debut in May, Uber has declined about 18% from its initial public offering price of $45 per share. On Monday, early Uber investor Bradley Tusk told CNBC that CEO Dara Khosrowshahi lacks the "ruthless innovation" mentality of the company's early days that turned it into a global phenomenon, and the stock reflects it.