It was the third trigger of the recession indicator in less than two weeks.Bondsread more
U.S. manufacturer growth slowed to the lowest 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
The Nasdaq closed down 2.06 percent on Friday in its fourth straight week of losses. The index pared most of its losses in midday trading and is now roughly 2 percent lower on week and trading in correction levels, more than 10 percent off its 52-week high.
The Nasdaq is on pace for its worst month since October 2008 during the financial crisis, having lost roughly 10 percent this month.
Amazon shed as much as 10 percent Friday after bracing investors for a weaker holiday season during its quarterly update. The stock closed down 7.82 percent for the day.
Other megacap tech stocks also took legs lower in morning trading but later recovered.
Netflix initially plunged 6 percent and is now essentially unchanged; Alphabet — which like Amazon also reported earnings Thursday — sank more than 5 percent before turning positive; Facebook skidded more than 4 percent by halved those losses in midday trading; and Apple and Microsoft each fell more than 2 percent before erasing nearly all of their losses.