Fed minutes say "most participants" saw the cut "as part of a recalibration" in response to changing conditions.The Fedread more
Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battleThe Fedread more
President Trump and Apple CEO Tim Cook have had a rocky relationship in recent years, but Trump is now complimenting the executive publicly.Technologyread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.Politicsread more
The president's remark followed a string of criticisms aimed at his predecessors, whom he claimed had ignored China's alleged malpractice on trade.Politicsread more
President Trump liked Germany's sale of no-interest, 30-year bonds Wednesday, but investors weren't so eager to buy them.Market Insiderread more
SunTrust Robinson Humphrey analysts said in a research note the "Off-Facebook Activity" feature "appears to fall somewhat short of the original pledge by CEO Zuckerberg of...Technologyread more
"If you look at the market over the past week, stocks don't need any help. They are roaring ahead, without the Fed doing anything," says the longtime market strategist.Marketsread more
Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment.US Marketsread more
Chinese companies are entering the e-commerce market in the Southeast Asian region in a big way, but the heavily fragmented region poses a challenge, said Credit Suisse's head of emerging Asia economics.
Companies like tech giant Alibaba and Internet company Tencent are bringing their investments and technology to the region, Santitarn Sathirathai explained. Just this week, Alibaba announced an additional $2 billion investment in Southeast Asian online retailer Lazada.
"Now it will be interesting because the change is coming, the wave of investments at Alibaba, Tencent, is coming in a big way, could be the tech dragons waking up the hidden tigers. From here on it could reach a tipping point where you have an explosion in the e-commerce activities," Sathirathai said.
Currently, e-commerce penetration in the region is still only 2 percent, he said.
Aside from capital injection, Sathirathai said the Chinese companies are also bringing know-how such as their tech and data analytics.
That contribution might help with two key problems in Asia: Payments and logistics.
The payment mode used in Southeast Asia is still mainly cash on delivery, which is a constraint on e-commerce growth, he said. And smart logistics systems could solve problems surrounding last-mile delivery.
But companies would need to work with the fragmented markets in Asia first, and "localization" will be key to that, he added.
"It's going to be very different in each market. Just because you win in one market doesn't mean you can dominate another market."
But one thing is for sure, he said: The region is set to see many companies fighting for a piece of the market.
"Competition is going to be gruesome, consolidation is the next phase."