Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
United Airlines will take its 14 Boeing 737 Max jets off its schedule for another month, through Aug. 3, canceling another 1,290 flights.Airlinesread more
Trade could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and the bond market, which is flashing new worries about...Market Insiderread more
About three dozen House Democrats have called for impeachment hearings on President Donald Trump, a billionaire's TV ads rip the House for "doing nothing," and legal experts...Politicsread more
The Trump administration on Friday invoked a rarely used provision in federal law to bypass congressional review of arms sales to Saudi Arabia, citing threats the kingdom...Politicsread more
China's manufacturing sector picked up further steam in September, a preliminary survey of factory managers showed on Monday, a sign that the country's economic recovery is gaining traction.
The HSBC flash Purchasing Managers' Index (PMI) hit a six-month high of 51.2, from a final reading of 50.1 in August, moving further above the key 50 mark that divides expanding activity in the sector from a contraction.
"The HSBC Flash China Manufacturing PMI [adds] further evidence to China's ongoing growth rebound. The firmer footing was supported by simultaneous improvements of external and domestic demand condition," said Hongbin Qu, chief China economist and co-head of the Asian economic research team at HSBC.
(Read more: China economy coming up trumps)
"We expect a more sustained recovery as the further filtering-through of fine-tuning measures should lift domestic demand. This will create more favorable conditions to push forward reforms, which should in turn boost mid- and long-term growth outlooks," he added.
The new export orders sub-index rose to a ten-month high of 50.8, up from August's 47.2, reflecting a pick-up in external demand for the country's goods.
Meanwhile, stocks of raw material purchases and finished goods also rose, which suggests that inventory restocking is also a driver of the recovery, according to economists.
(Read more: Goldman upgrades China growth, cuts India outlook)
The improvement in HSBC's manufacturing survey – which is weighted towards small and medium-sized companies – follows a jump in the official PMI reading to 51.0 in August from 50.3 in July.
Positive economic data out of the world's second largest economy has raised expectations of a growth rebound in the third quarter, from the previous three months.
"[The data] supports our call that there has been a strong sequential economic rebound since late July. We expect headline year-on-year GDP growth could jump to 7.9 percent in the third quarter from 7.5 percent in the second quarter," said Ting Lu, China economist at Bank of America Merrill Lynch.