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Fed officials sought rate flexibility amid conflicting economic signals, minutes show

Minutes of the Fed’s July interest-rate setting policy meeting released Wednesday showed that central bankers are eager “to maintain optionality” when it comes to charting the course of future interest rate changes for the remainder of this year — and into 2020. The minutes will reinforce the message that Federal Reserve Chairman Jerome Powell sent…MORE

Walmart, a longtime seller of firearms, is reevaluating its position on guns

Walmart founder Sam Walton was such a fan of firearms and hunting that Remington once named a shotgun after him. His company has long been one of the largest gun retailers in the United States. But in recent years, Walmart has reevaluated its relationship with guns. As mass shootings in America have become more frequent…MORE

Americans love Target. That’s bad news for Macy’s and JCPenney

The winners and losers of America’s great retail shakeout are becoming clear. Target and Walmart are definitely winners. Just about every traditional department store is losing. Sales at Target stores open at least a year increased 3.4% during the summer quarter and profit rose, Target said Wednesday. Target beat Wall Street’s predictions for the recent…MORE

Bonds flash another recession warning sign, even as Dow rallies 240 points

The Dow staged a comeback on Wednesday, even as the bond market was once again flashing a recession warning sign. The 10-year US Treasury yield briefly fell below the 2-year yield Wednesday afternoon. It marked the second time the yield curve inverted this month. A yield curve inversion happens when long-term bond yields fall below…MORE

Is a recession coming? Here’s how to tell

Warning bells are going off about a possible recession in America, perhaps in time for the 2020 election. The key to whether the US economy keeps growing or stalls rests largely on consumers, and whether or not they keep spending. So far, consumer spending has held up pretty well. That’s not surprising. Unemployment is near…MORE

Huawei executive Meng Wanzhou claims US and Canada unlawfully detained her

Attorneys for Huawei’s chief financial officer want a Canadian court to halt her extradition case based on what they claim was misconduct by US and Canadian authorities. That argument was detailed in court documents released Tuesday in Vancouver, where Meng Wanzhou is awaiting a hearing on her possible extradition to the United States. Meng was…MORE

Tax cuts are back on the agenda. They’re not a done deal

Happy Wednesday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Central bankers will take center stage when they gather in Jackson Hole later this week. But for now, as investors sit and wait, monetary policy isn’t what’s generating the most…MORE

Alibaba will reportedly delay its second listing in Hong Kong

Alibaba has delayed plans to list its stock in Hong Kong, according to Reuters. The Chinese tech company already trades publicly in New York, but was reported to have been considering a second listing that Reuters said could raise as much as $15 billion. The plan was to list in August, Reuters said. The news…MORE

Asian markets mixed as all eyes turn to the Fed

Markets are entering a holding pattern. Asian stocks were mixed Wednesday. Earlier they were mostly lower, taking a lead from declines overnight in the United States. In the absence of further developments on the US-China trade war, investors appear to be shifting their focus to what Federal Reserve Chairman Jerome Powell will have to say…MORE

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