Pelosi also said it's "irrelevant" whether approving the USMCA trade deal would give President Donald Trump a victory ahead of the 2020 election.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
General Motors stands to lose hundreds of millions of dollars in lost production as a United Auto Workers union strike against the automaker enters its second day, but Wall...Autosread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
WeWork hopes to sharpen its story for investors as it works to get its on-again, off-again IPO back on track.Technologyread more
The Justice Department said it was seeking to recover "all proceeds earned by Snowden because of his failure to submit his publication for pre-publication review in violation...Politicsread more
"It is really a tale of pretty failed governance, almost of the highest order, short of something fraudulent," says the tech investor.Deals and IPOsread more
Private equity firm 3G Capital Partners discloses that it sold 25.1 million shares of Kraft Heinz, bringing its stake down by about 9%.Marketsread more
"That leads the developed world to say to China: 'We've got to rebalance this. It's working for you. It's not working for us,'" says the billionaire Blackstone co-founder.Economyread more
Microsoft founder Bill Gates added $16 billion to his net worth this year, despite giving away over $35 billion to charity, according to Bloomberg.Wealthread more
According to a new report, consumers ages 14 to 24 overwhelmingly prefer physical stores for shopping, largely for mental health reasons.Retailread more
China's factory output grew 6.0 percent in August from a year earlier, while fixed-asset investment expanded 7.8 percent in the first eight months, both well below economists' forecasts, data showed on Thursday.
Analysts polled by Reuters had predicted factory output would grow 6.6 percent in August, up from 6.4 percent in the previous month.
Fixed-asset investment had been forecast to grow 8.2 percent over the first eight months of the year, which would have marked a slight moderation from 8.3 growth in January-July.
Retail sales rose 10.1 percent in August from a year earlier, the statistics bureau said, cooling from July's 10.4 percent pace and below analysts' expectations for a 10.5 percent increase.
Growth of private investment slowed to 6.4 percent in January-August from 6.9 percent in the first seven months of the year, suggesting small- and medium-sized private firms still face challenges in accessing financing.
Private investment accounts for about 60 percent of overall investment in China.
China is forecasting growth of around 9 percent in fixed asset investment for 2017, and expects retail sales to increase about 10 percent.
The government is targeting annual economic growth of around 6.5 percent this year, down from the 6.7 percent pace clocked in 2016.
Analysts say Beijing should handily meet the 2017 growth target after the economy surprised many by growing at a healthy clip of 6.9 percent in the first half of the year.
However, most China watchers expect activity will slow slightly in coming months as higher financing costs and property market curbs start to weigh on activity.