It was the third trigger of the recession indicator in less than two weeks.Bondsread more
U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.Marketsread more
Philadelphia Fed President Patrick Harker said he doesn't see the case for additional stimulus after the Federal Reserve's July rate cut.The Fedread more
Stocks fell as fears of an economic recession built up ahead of a key speech from Federal Reserve Chairman Jerome Powell.US Marketsread more
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
German Chancellor Angela Merkel said a solution to the Irish "backstop" is possible before the October 31 Brexit deadline.Europe Economyread more
Apple plans to unveil three new iPhones in September, including two new "Pro" models and a successor to the iPhone XR, Bloomberg reported Thursday.Technologyread more
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
While Volkswagen may not want to invest in Tesla, the U.S. carmaker has been scouting locations in Europe for a new Gigafactory there.Autosread more
Corporate profits posted modest growth in the second quarter as companies brace for slowing global growth.Retailread more
With domestic economic growth at around 6 percent and a $10 trillion to $11 trillion economy, the country "is a gift that keeps giving to world economic growth," James Gorman said Thursday.
And on worries that concerns about the country's rising debt levels, Gorman said it's important to keep things in perspective: "China also has probably the highest savings rate in the world —you've got to look at the total context."
He also echoed the bullish sentiment of Gokul Laroia, Asia Pacific co-CEO of Morgan Stanley, who told CNBC Wednesday that he's positive on its business in China as initial public offering activity there picked up after slowing the year before.
Also on his China outlook, Gorman said Morgan Stanley is set to increase its stake in Morgan Stanley Huaxin Securities from the current 49 percent to the new limit of 51 percent — a controlling stake.
Last week, the Chinese government said it will raise foreign ownership limits in domestic financial firms.
"That's a sign of China opening up and behaving and acting like other major economic countries around the world," Gorman added.