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
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
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
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
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread 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 sexy image that once boosted Victoria's Secret has been haunting L Brands more recently, as women are steering clear of the brand's hot pink, lacy and bejeweled lingerie.Retailread more
Ford is one of four automakers that reached a voluntary agreement with California on fuel efficiency rules, defying Trump and his administration's effort to strip the state of...Autosread more
Swedish furniture retailer IKEA is recalling almost 36 million chests and dressers in the United States and Canada that have been linked to the deaths of six children, the U.S. Consumer Product Safety Commission said on Tuesday.
The furnishings can topple over if they are not anchored securely to walls, posing a threat to children, the commission said in a statement.
The recall covers six models of MALM chests or dressers manufactured from 2002 to 2016, as well as about 100 other families of chests or dressers, it said.
"It is simply too dangerous to have the recalled furniture in your home unanchored, especially if you have young children," CPSC Chairman Elliott Kaye said in a statement.
Tipped-over furniture or television sets kill a U.S. child every two weeks, he said.
Two U.S. toddlers died in separate 2014 incidents when MALM chests fell over on them. A 22-month-old boy was killed last year in a similar incident, after IKEA had announced a repair program included a free wall-anchoring kit.
None of the furnishings in the fatal incidents had been anchored to the wall.
IKEA also had received reports of 41 tip-over incidents involving non-MALM chests that caused 19 injuries and the deaths of three children from 1989 to 2007.
As part of the recall, IKEA is offering refunds or a free wall-anchoring kit.
The U.S. recall covers about 8 million MALM chests and dressers and 21 million other model chests and dressers. About 6.6 million are being recalled in Canada.