It was the third trigger of the recession indicator in less than two weeks.Bondsread more
U.S. manufacturer growth slowed to the lowest in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.Marketsread more
Philadelphia Fed President Patrick Harker said he doesn't see the case for additional stimulus after the Federal Reserve's July rate cut.The Fedread more
Stocks fell as fears of an economic recession built up ahead of a key speech from Federal Reserve Chairman Jerome Powell.US Marketsread more
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
German Chancellor Angela Merkel said a solution to the Irish "backstop" is possible before the October 31 Brexit deadline.Europe Economyread more
Apple plans to unveil three new iPhones in September, including two new "Pro" models and a successor to the iPhone XR, Bloomberg reported Thursday.Technologyread more
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
While Volkswagen may not want to invest in Tesla, the U.S. carmaker has been scouting locations in Europe for a new Gigafactory there.Autosread more
Corporate profits posted modest growth in the second quarter as companies brace for slowing global growth.Retailread more
European shares closed down, but off session lows on Thursday, after investor confidence took a hit earlier in the session with the release of weaker-than-expected euro zone data.
Industrial production data for July showed a 1.5 percent drop on a monthly basis, worse than the 0.1 percent increase expected. The STOXX 600 Index hovered around five-year highs in the afternoon nonetheless.
Syria remained at the forefront of investors' minds however. Following U.S. President Barack Obama's speech on Syria on Tuesday, Secretary of State John Kerry and his Russian counterpart Sergei Lavrov will meet in Geneva on Thursday to discuss Moscow's suggestion that Syria surrender its chemical weapons to international control. However, the rebel group, the Free Syrian Army, said on Thursday morning that it rejected the initiative. Obama has pressed for military strikes against Syria if diplomacy fails.
In Asia, China's benchmark stock index hit a three-month high following supportive comments from Premier Li Keqiang on Wednesday. Speaking at the World Economic Forum in Dalian, Keqiang said the government will push on with economic and financial reforms as it aims for steady growth.
However, fears of a looming reduction in the U.S. Federal Reserve's stimulus program weighed on the rest of Asian stocks. Next week the Federal Open Market Committee meets once again amid expectations that this will be the month when the Fed announces a tapering of its bond-buying program.
Meanwhile, shares of U.K. supermarket chain WM Morrison climbed by up to 2.8 percent after the firm outlined its push into online and convenience stores, despite missing analysts' expectations in the first half of the year. It was one of the top gainers on the FTSE 100.
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