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
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
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
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
Kraft has filed a contempt motion against the CFTC over a press release announcing the $16 million fine to settle claims of manipulating wheat prices.Food & Beverageread more
Shares in LVMH jumped more than 7 percent on Wednesday after the French luxury giant posted stronger-than-expected fourth-quarter sales growth thanks partly to its Louis Vuitton brand's renaissance under star designer Nicolas Ghesquiere.
Louis Vuitton, under the creative stewardship of Ghesquiere since November 2013, enjoyed a strong year-end and is trading well, helped by new products and buoyant trading in the United States, LVMH Chief Executive Bernard Arnault said late on Tuesday.
The group's fashion and leather division, its biggest in terms of sales, and of which Louis Vuitton represents more than three quarters of revenue, saw comparable sales rise 4 percent in the fourth quarter, up from 2 percent growth in the previous three months.
Overall, LVMH group posted comparable fourth-quarter sales growth of 5 percent, beating market expectations of around 2-3 percent.
Shares in LVMH were trading 5.3 percent higher at 152.20 euros by 0803 GMT, giving France's fourth-biggest listed company a market value of around 77 billion euros ($88.27 billion).