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
The Chinese coffee chain opened for trading Friday at $25 per share, well above its IPO price of $17, and surged as much as 50% during its first day on the Nasdaq. But since then, the stock has fallen by more than 5%.
Luckin is trying to overtake global giant Starbucks as the biggest coffee chain in China. While the Seattle-based company opened its first store in China 20 years ago, Luckin is less than two years old. Funding from investors like BlackRock has helped the start-up expand rapidly to 2,370 stores.
The company intends to use a portion of the $561 million raised from its IPO to continue expanding across China. It's not yet profitable, reporting a net loss of $241.3 million for 2018, and has faced some skepticism about whether it can attract customers without using its current strategy of deep discounts.