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
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
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
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
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread 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 sexy image that once boosted Victoria's Secret has been haunting L Brands more recently, as women are steering clear of the brand's hot pink, lacy and bejeweled lingerie.Retailread more
Ford is one of four automakers that reached a voluntary agreement with California on fuel efficiency rules, defying Trump and his administration's effort to strip the state of...Autosread more
Called Project Kuiper, Amazon aims to launch a network of 3,236 small satellites to create an interconnected network that beams high-speed internet to anywhere on Earth. While Amazon has yet to outline a timeline or cost for Project Kuiper, in a note on Monday to investors, Morgan Stanley analyst Adam Jonas highlighted the network's potential.
Jonas said Project Kuiper represents as much as a "$100 billion opportunity," marking it as a play in the consumer broadband sector of the space economy. Morgan Stanley's estimate is based on its expectation that the space economy will grow to more than $1 trillion over the next 20 years. The firm's comments came in a feature on Bezos' space business Blue Origin, the latest in Morgan Stanley's series on "space disruptor" companies.
Amazon last year hired the former leader of SpaceX's satellite program, CNBC reported in April, and Project Kuiper pits Bezos against Elon Musk's company, as well as several others, in the race to build next-generation internet satellite networks.
"We believe investors may want to pay attention to Jeff Bezos for the advancement of efforts in Space, as he has demonstrated both the will and, increasingly, the financial muscle to put to work," Jonas said.
Morgan Stanley's note focused on Blue Origin. The space company is finishing development of a rocket for space tourism, a massive rocket for launching spacecraft to orbit and a lunar lander to carry humans and cargo to the Moon. Bezos sells more than $1 billion in Amazon stock each year and invests it in Blue Origin.