President Donald Trump lambasted Twitter, Google and other technology giants on Wednesday for what he sees as their efforts to repress his messaging.US Economyread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and its hurting America," he told Yahoo Finance Tuesday.Economyread more
Mnuchin tells CNBC he's confident President Trump and China's Xi Jinping can make progress in stalled trade talks.World Economyread more
The first debates will give most of the contenders their biggest platform yet to present themselves to the American people.Politicsread more
President Trump says "I hope we don't" have a war with Iran but it "would not last very long."Politicsread more
The stock market is shrinking for several key reasons, but there's a way for investors to maneuver it, says Citi Research strategist Robert Buckland.Trading Nationread more
Stocks rose on Wednesday as comments from Treasury Secretary Steven Mnuchin lifted expectations of a potential trade deal between China and the U.S.Marketsread more
Presidents Donald Trump and Xi Jinping are scheduled to meet Saturday, the second day of the two-day G-20 summit in Osaka, Japan.Politicsread more
A small group of companies have gotten so big that they are essentially becoming the market, and when they do well, the markets do well.Trader Talk with Bob Pisaniread more
Retailers can't let Amazon have all the sales on Prime Day. Target and eBay are two companies trying to compete.Retailread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
"We were calling for some slowdown, but the degree is much more than what we expected," said Jeff Ng, chief economist for Asia at Continuum Economics, a research firm.
Over the weekend, a private survey showed growth in China's factory sector stalled after 15 months of expansion, with export orders falling the fastest in over two years, while an official survey confirmed a further manufacturing weakening.
The official manufacturing index fell to a seven-month low of 50.8 in September, from 51.3 in August and below a Reuters poll forecast of 51.2. That index has stayed above the 50-point mark for 26 straight months. A reading above 50 indicates expansion, while a reading below that signals contraction.
But the Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) fell more than expected to 50.0 in September, from 50.6 in the previous month. Economists polled by Reuters had forecast 50.5 on average.
"I think we are expecting some more triple-R cuts by the end of the year ... I think one more triple-R cut by end of the year," Ng said, referring to possibility that the People's Bank of China may cut reserve requirement ratios for banks in order to boost liquidity and growth.
The reserve requirement ratio refers to the amount of money that banks must hold in their coffers as a proportion of their total deposits. Lowering the required amount will increase the supply of money that banks can lend to businesses and individuals, therefore cutting borrowing costs.
The Chinese government also has other tools to manage monetary policy.
Although there will still be some downside risks to the Chinese economy due to the trade war, Ng said he expected expansion in sectors like services to cushion the tariff impact and keep growth resilient in the world's second largest economy.
The Chinese government's official growth target this year is around 6.5 percent.
— CNBC's Yen Nee Lee and Reuters contributed to this report.