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
Uber has unveiled its "flying car" concept aircraft at its second annual Uber Elevate Summit, which showcases prototypes for its fleet of airborne taxis.
The flying cars, which the company hopes to introduce to riders in two to five years, will conduct vertical takeoffs and landings from skyports, air stations on rooftops or the ground. Ultimately, company officials say these skyports will be equipped to handle 200 takeoffs and landings an hour, or one every 24 seconds. At first, the flying cars will be piloted, but the company aims for the aircraft to fly autonomously.
The prototypes look more like drones than helicopters, with four rotors on wings. Company officials say that will make them safer than choppers, which operate on one rotor. They'll fly 1,000 to 2,000 feet above ground and will be quieter than a helicopter, producing half the noise of a truck driving past a house.
Uber, which is partnering with NASA on developing the new UberAIR service, faces competition in the skies. Kitty Hawk, an autonomous flying taxi company backed by Alphabet's Larry Page, unveiled its latest commercial plane called Cora in March. The company is working with the government of New Zealand to commercialize its air taxis. Another competitor, Airbus, performed the first successful flight of its autonomous flying car in February.
Uber says passengers will initially pay the same as an Uber Black over the same distance, but once the service has enough passengers, the cost will decrease to Uber X rates for the same trip. The company plans to roll out UberAIR in Dallas-Fort Worth and Los Angeles in 2023, with testing in those cities beginning in 2020.