Chinese banking regulators are putting pressure on the country’s banks to raise more capital and temper their rapid growth in lending, in the clearest signs yet of official concern about the sustainability of the nation’s credit boom, reports the New York Times.
A casino in the Chinese gambling haven of Macau will open Asia's first Michael Jackson shrine after its owners bought the late King of Pop's iconic white rhinestone glove for $350,000 at a U.S. auction.
The asset-price rally is running out of momentum and will soon crack, which could lead to a 30 percent correction in oil and a 20 percent correction in stocks, Sean Corrigan, chief investment strategist at Diapason Commodities Management, told CNBC.com.
The National Association of Business Economists releases a slightly more optimist forecast, and the daily jobs report, with Richard DeKaser, Woodley Park Research, and CNBC's Steve Liesman.
Last-minute ideas and a look ahead to where the market is headed just before the opening bell, with George Tkaczuk, RMB Group broker and CNBC's Erin Burnett.