RECOVERY: China's worst slump since the global financial crisis leveled out in the latest quarter and retail sales picked up in a sign an economic rebound is taking shape. THE NUMBERS: The world's second-largest economy grew 7.4 percent in the three months ending in September.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Brazil and Argentina are huge producers of corn and soybeans. Although it's still early in the season, investors have shifted their focus from concerns about demand in the slower global economy to questions about supplies, said Mike Zuzolo, president of Global Commodity Analytics and Consulting LLC.
NEW YORK-- Shares of MGM Resorts International climbed Thursday after the company said its Chinese arm signed a deal for land to build a massive new casino in the world's biggest gambling market. MGM China, which signed the deal, is a joint venture between Las Vegas- based MGM Resorts International and Pansy Ho, daughter of Macau casino kingpin Stanley Ho.
The layoffs will affect workers at the company's Fuel Systems Plant in Columbus, Columbus MidRange Engine Plant or the Seymour Engine plant, Cummins spokesman Jon Mills told The Republic for a story Thursday.
The U.S. spends the most on business travel, but new data suggests another country will soon lap American road warriors and take the top spot. Find out which one, and why.
GENEVA-- An appeals panel of the World Trade Organization has upheld a ruling that China unfairly imposed import tariffs on a high-technology U.S. steel product. In a ruling Thursday, the WTO appeals panel said China was wrong in the way it put duties on U.S.-made grain-oriented flat-rolled electrical steel.
It’s the breakout no one is talking about: China! But is there more room up?
NEW YORK-- The price of oil is falling on expectations that China is less likely to roll out a stimulus program for its improving economy. U.S. benchmark oil fell 94 cents, or 1 percent, to $91.18 a barrel in morning trading. Brent crude, which many U.S. refiners use to make gasoline, fell $1.42, or 1.3 percent, to $111.80 in London.
HONG KONG-- The Chinese arm of U.S. casino company MGM Resorts International signed a land deal Thursday for a new $2.5 billion casino resort in Macau, the world's biggest gambling market, hoping to catch up with the rapid expansion of rival casino operators.
"I think China has lots of room to maintain its growth, stabilize it, but it has to shift the emphasis" to focus on its domestic market, says Barry Bosworth, senior fellow at Brookings Institution.
In the past few months, China skeptics have predicted the economic and political collapse of the Middle Kingdom. The simple reality is that, after a soft landing, China is transitioning toward recovery.
Though expectations have diminished in recent days that the 27- nation EU will agree on the terms of a banking union, investors are keen to hear updates on the economic fate of Spain, as well as Greece, which appears to be near to securing its next batch of bailout cash.
A look at China's slowing economy, with Adrian Mowat, JP Morgan Securities, and its impact on stocks overseas.
SAN JOSE, Calif.-- Microchip maker Cypress Semiconductor Corp.' s third-quarter net income fell 64 percent as revenue dropped, but called the results a "good quarter in tough times." The company said Thursday that it earned $14.3 million, or 9 cents per share, in the July-September period.
NEW YORK-- Stock futures slipped Thursday as companies including Verizon, Morgan Stanley and Southwest Airlines posted mixed quarterly earnings, and the Labor Department posted the latest numbers on unemployment benefits. Also Thursday, China reported that growth fell to 7.4 percent from 7.6 percent a year ago, the weakest showing since early 2009..
The "Squawk on the Street" news crew, reports on today's market-moving stories, including a look at Verizon's Q3 numbers; Morgan Stanley's earnings beat; facing the looming fiscal cliff; and more.
NEW YORK-- Stock futures are falling on mixed quarterly earnings from companies like Verizon, Morgan Stanley and Southwest Airlines.
Chinese data gives a lift and Germany's Merkel dampens hopes — it's time for your FX Fix.
China's GDP number hit its lowest level since 2009, and the country's growth is slowing to 7.4 percent. CNBC's Michelle Caruso-Cabrera, takes a look at the numbers to find the 'truth' behind the data.