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
U.S. wholesale inventories increased slightly less than initially estimated in August amid a surge in sales, but still suggested that inventory investment could help to blunt the blow to the economy from Hurricanes Harvey and Irma.
The Commerce Department said on Friday that wholesale inventories rose 0.9 percent, the biggest gain since November 2016, after an unrevised 0.6 percent increase in July. The department reported last month that wholesale inventories jumped 1.0 percent in August.
The government said while it could not isolate the impact of Harvey on the data, it had received indications from companies that the storm, which slammed Texas in late August, had both "positive and negative effects on wholesale data."
The component of wholesale inventories that goes into the calculation of gross domestic product - wholesale stocks excluding autos - increased 0.8 percent in August.
That suggests inventory investment could contribute to GDP in the third quarter after adding just over one-tenth of a percentage point to the 3.1 percent annualized pace of growth in the April-June period.
Inventory investment, business spending on equipment and trade are seen cushioning the impact of Hurricanes Harvey, Irma and Maria on third-quarter GDP. The storms are expected to chop off at least six-tenths of a percentage point from economic growth in the July-September period.
Growth estimates for the third quarter are as low as a 1.8 percent rate.
After carefully managing inventories early in the year amid sluggish consumer spending, businesses are boosting stocks to meet rising domestic demand. Auto inventories increased 2.2 percent after gaining 0.4 percent in July.
Sales at wholesalers leapt 1.7 percent in August, the biggest increase since December 2016, after being unchanged in July. Sales of motor vehicles surged 4.2 percent in August after falling 0.7 percent the prior month.
At August's sales pace it would take wholesalers 1.28 months to clear shelves, down from 1.29 months in July.