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
Bitcoin fell Wednesday after indications of greater scrutiny from U.S. regulators.
At one point in the day, the digital currency declined by nearly $500, or about 8.7 percent to a low of $5,109.70, before regaining some of the lost ground, according to CoinDesk. The day's low marked the digital currency's lowest level since Thursday, the website's data showed.
Bitcoin recovered in afternoon trading from its worst levels to trade 3 percent lower near $5,410, still up more than 5 times in price for the year, according to CoinDesk.
The U.S. Commodity Futures Trading Commission on Tuesday released a report titled "A CFTC Primer on Virtual Currencies. " The report said as a commodity, virtual currencies like bitcoin fall under the oversight of the commission when they are used "in a derivatives contract, or if there is fraud or manipulation involving a virtual currency traded in interstate commerce."
Bitcoin three-month performance
The Chicago Board Options Exchange has said it plans to launch its own bitcoin derivatives trading products by early next year.
Other digital currencies fell Wednesday as well. Ethereum briefly fell more than 7 percent, but was last trading 4 percent lower near $303.
Bitcoin hit a record high Friday of $5,856, up six times in value for the year. Those gains came ahead of potential splits in bitcoin into at least two other digital currencies in November. Investors bet the original bitcoin would hold its own after those events, just as bitcoin rose after its August 1 split into bitcoin and bitcoin cash.
"I think we're seeing some profit taking," said Benjamin Roberts, co-founder and CEO of Citizen Hex, an ethereum-focused start-up backed by three Canadian venture funds. "These markets are risky and many people try to reduce their risk by trading around the volatility."
Bitcoin has proved resilient to regulatory scrutiny so far. It plunged $2,000 in September after a Chinese government crackdown on digital currencies but has since more than recovered those losses.