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
Elon Musk's Boring Company released new pictures of an electric mass transit system concept.
Although the images appeared without description on the company's website this week, the vehicle is reminiscent of one that appeared in a video Musk premiered during his TED talk in Vancouver in late April, included below. (The vehicle can be seen about 46 seconds in.)
In both the video and the photos, it looks like one of the electric skates meant to travel through the tunnels, but topped with a glass-like top. It appears to be holding several people.
Musk had said Tesla might make a bus, or some sort of "high-passenger-density urban transport vehicle," but recently he said a bus might be superfluous if the Tesla presses forward with its idea for an autonomous ride-sharing business.
But these pictures suggest he is still considering the idea.
The subterranean tunnels are Musk's plan to reduce traffic, which he has said is a scourge in major U.S. cities — particularly Los Angeles. Digging tunnels is notoriously expensive, though Musk said his company can dramatically reduce costs with measures such as reducing the tunnel diameter and building boring machines that can tunnel faster than currently available machines. He also has discussed devising a process that allows continuous boring, rather than current methods that require stopping the machine to build tunnel walls.