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
The warden of the federal jail in New York City where wealthy financier Jeffrey Epstein killed himself was replaced Tuesday on orders of Attorney General William Barr pending investigations into the incident, the Justice Department said.
The U.S. Bureau of Prisons also placed two staffers at the Metropolitan Correctional Center who had been assigned to Epstein's cell unit on administrative leave as probes into the death of the accused child sex trafficker continue.
"Additional actions may be taken as the circumstances warrant," said Justice Department spokeswoman Kerri Kupec.
Lamine N'Diaye is being replaced at MCC by acting warden James Petrucci, who had been warden of the federal prison in Otisville, New York.
N'Diaye has been transferred to the Bureau of Prison's Northeast Regional Office. He had been warden at MCC since May 2018.
A lawyer for Epstein, who was a former friend of Presidents Donald Trump and Bill Clinton, did not immediately respond to CNBC's request for comment.
The Bureau of Prisons also did not respond for a request for comment.
The death of Epstein on Saturday morning infuriated Barr, members of Congress, Epstein's defense lawyers and attorneys for women who have claimed they were sexually abused as underage girls by Epstein at his properties in Manhattan and Palm Beach, Florida.
The FBI and the inspector general of the Justice Department now are investigating the incident.
Epstein, who sources have said hanged himself, was being held without bail in a section of the MCC known as the Special Housing Unit, or SHU.
The unit is used for high-profile prisoners who are at risk of violence from the general population, as well as for inmates who are a threat to others.
He then was placed on suicide watch — but for some reason was taken off that watch less than a week later.
Barr said Monday that his department had learned of "serious irregularities" in the MCC, and vowed that "there will be accountability" in the wake of Epstein's suicide.
"I was appalled, and indeed the whole department was, and frankly angry, to learn of the MCC's failure to adequately secure this prisoner," Barr said.
Later Monday, The New York Times reported that one of the two people who had been guarding Epstein was "not a full-fledged correctional officer," and neither of the two guards "had checked on Epstein for several hours before he was discovered."
Epstein, 66, had pleaded not guilty in the case, and was being held in the MCC without bail.
Justice Department spokeswoman Kupec, in a prepared statement said: "Today, the Attorney General directed the Bureau of Prisons to temporarily assign the warden at the Metropolitan Correctional Center in New York to the Bureau's Northeast Regional Office pending the outcome of the FBI and OIG investigations into the apparent suicide of Jeffrey Epstein, a former MCC inmate."
"FCI Otisville Warden James Petrucci has been named Acting Warden of the MCC New York. The Bureau of Prisons also placed on administrative leave two MCC staff assigned to Mr. Epstein's unit pending the outcome of the investigations," Kupec said. "Additional actions may be taken as the circumstances warrant."
A representative for the Otisville Federal Correctional Institution did not immediately respond to CNBC's request for comment on the DOJ's statement.
Correction: Lamine N'Diaye was warden of the federal jail in New York City where Jeffrey Epstein killed himself. An earlier version misstated the warden's name.