It was the third trigger of the recession indicator in less than two weeks.Bondsread more
U.S. manufacturer growth slowed to the lowest level 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
A lack of political will is holding the world back from achieving international climate goals, Ban Ki-moon, the former United Nations secretary general, said Thursday.
Ban said he is "deeply concerned" by the 2017 decision of President Donald Trump's administration to pull the U.S. out of the Paris climate deal, but he was hopeful that the country will reconsider its decision after Trump steps down.
"I am convinced that — whenever it may happen — after President Trump leaves the White House, I'm sure that his successor will have to come back and join this Paris climate agreement if they really want to demonstrate their global leadership," said Ban, who is now president and chair at the Global Green Growth Institute, an inter-governmental organization.
Ban said he urged political leaders to think as globally as possible.
"We are now seeing many national leaders, but we don't see many global leaders...(but) all the changes we are now seeing are global, requiring global solutions," Ban told CNBC at the Ecosperity Conference in Singapore.
On the issue of multilateral cooperation, Ban said he was "deeply concerned."
"It's a very serious phenomenon that will cause (the) breaking down (of) all this unity and solidarity among world leaders particularly political leaders," he said.
Even though there are conflicts now and then, international organizations such as the UN have prevented their escalation through mediation, peacekeeping operations and political negotiation, he said.
"I sincerely hope that those countries, particularly the United States and the European Union, who benefited most from this multinationalism should stand at the front and at the center to lead multilateralism, " said Ban.