Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.Traderead more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Markets pay particular attention to Italy's spending, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.Politicsread more
Flight bookings to Hong Kong have fallen 10%, hit by the unrest in the city, said Alan Joyce, the chief executive of Australian carrier Qantas Airways.Airlinesread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
The price of oil fell on Wednesday, as traders digested positive economic news and a decline in oil supplies at a key U.S. delivery hub.
Meanwhile, the nationwide average price for a gallon of gasoline is now $3.45, the lowest since the end of January.
Brent crude futures fell by 20 cents to trade under $109. U.S. crude fell 47 cents to settle at $102.66 a barrel, extending four days of losses that drove it to seven-week lows in the previous session.
The Energy Department said crude oil supplies fell by 500,000 at Cushing, Okla., the delivery point for U.S. benchmark oil. Overall, however, U.S. supplies increased by 2.6 million barrels last week, while gasoline supplies rose 200,000 barrels in the week ended Sept. 20. Analysts expected a drop of 1.5 million barrels in supplies of both oil and gasoline, according to Platts, the energy information arm of McGraw-Hill.
On the economic front, reports showed Americans stepped up purchases of new homes in August after cutting back in July, while companies placed slightly more orders in August for U.S. long-lasting manufactured goods. The increase in home sales suggested that higher mortgage rates are not yet slowing the housing recovery.
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