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
South Korea will scrap an intelligence-sharing pact with Japan amid an intensifying dispute over history and trade, South Korea's presidential office said on Thursday.Asia Politicsread 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
Yahoo shares dropped on Tuesday amid concerns that a change in tax rules could make the spinoff more expensive. Regardless of the tax outcome, Alibaba should climb higher as a standalone play, trader Dan Nathan said.
"My way to play this whole thing is playing Alibaba," he said, adding that the stock seems to have "really good support" at $90 per share—just below where it closed Wednesday after a nearly 3 percent gain.
Trader Guy Adami agreed, saying the stock "seems as though it wants to make that next leg higher."
Trader Tim Seymour added that Tuesday's Yahoo slide—which took more than $3 billion off its market value—was overplayed. Seymour—who has a long position in Yahoo—said it was a "great time" to buy the stock.
Technology company Hewlett-Packard reports quarterly earnings on Thursday. Its stock has fallen more than 17 percent this year.
HP has a chance to move higher after its earnings and could rise to $38 per share in the short term, said trader Guy Adami. It closed around $33 on Wednesday.
But HP stock may not react well after earnings, and investors should stay cautious, trader Pete Najarian said.
"I think it flatlines for a while," he said.
Shares of network security company FireEye rose nearly 2 percent Wednesday. Seymour—who owns the stock—said it makes an appealing play around $42, where it closed Wednesday.
FireEye shares have climbed nearly 34 percent this year.
— Reuters contributed to this report.
Tim Seymour is long AAPL, T, BAC, C, DIS, F, FEYE, GE, GM, GOOGL, INTC, JCP, SUNE and TUR. Tim's firm is long BABA, BIDU, CHL, MCD, NKE, NOK, SBUX, TSL and YHOO.
Long AMAT, AAPL, BABA, BAC, BMY, BP, CSX, DD, DISCA, DKS, FOXA, GE, KKR, KO, LLY, MBLY, MRK, MT, PEP and PFE. He is long calls AA, AAL, BBY, CBS, COP, CSX, DB, EJ, F, FL, GE, GS, HSBC, HZNP, IMAX, KO, KSS, LEN, MAC, MYL, NEE, NTAP, NUAN, OC, PFE, SYY, TEVA, TSX, UAL, UPS, UUP, VALE, VMW, VZ, WSM, XLF, XOM and ZIOP. Today, he bought WSM calls.
Dan Nathan is long GOOGL June call fly, TWTR, BBRY June calls, TLT June call butterfly, SO and INTC May /July put spread. He is short SO Aug call and CRM May Strangle.
Guy Adami is long CELG, EXAS and INTC. Guy Adami's wife, Linda Snow, works at Merck.