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
U.S. household net worth was lifted in the second quarter by higher home prices and an increase in the value of stocks and mutual funds, the Federal Reserve said Wednesday, in a hopeful sign for the nation's economy.
Net worth gained $1.3 trillion to $74.8 trillion between April and June, with the value of residential real estate mounting by $525 billion and corporate equities and mutual funds up by around $300 billion over the period, the Fed said.
The central bank has aggressively used ultra-easy monetary policy to foster a recovery in the nation's housing market after a severe 2007-2009 recession, which has also helped propel U.S. stocks to record highs.
Increases in housing wealth make it easier for families to borrow against the equity in their homes, while overall wealth gains make consumers feel generally more comfortable spending their money. Many economists think consumers spend a few cents of every dollar they gain in wealth.
Household debt, in a possible sign that deleveraging has come to a halt, was up by an annualized 0.2 percent in the second quarter, to $12.97 trillion. That number has stabilized in a narrow range over the past several quarters.