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 stock market is expensive, but it's not in bubble territory, BlackRock's Russ Koesterich said Monday, with the Dow Jones industrial average just below its record close and the at a new high ahead of the open.
The price-to-earnings ratio for the S&P 500 is about 17.5 times, which Koesterich pointed out is a "bit above the average." But he said, "When you take into account … a low inflation environment and you've got a low [interest] rate environment, that's probably in the right vicinity. It's a bit stretched, but I don't think it's a bubble."
Koesterich, BlackRock's global chief investment strategist, said on CNBC's "Squawk Box " that he believes expectations for a Federal Reserve rate hike are being pushed back—agreeing with sliding predictions for September or even December for liftoff.
Hopes were high for the economy heading into this year, so the softer first quarter numbers seem even worse, he said, but warned, "you're starting to get to a point where the data is soft enough [and] earnings are also likely to be weak that it becomes difficult to sustain these [stock] valuations when eventually the Fed is going to remove accommodation."