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
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread 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
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
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
Corporate profits posted modest growth in the second quarter as companies brace for slowing global growth.Retailread more
A Volkswagen spokesperson called the report that CEO Herbert Diess is interested in buying a stake in Tesla "completely unfounded."Technologyread more
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
The Reserve Bank of New Zealand (RBNZ) stunned markets on Wednesday by cutting the official cash rate (OCR) by a bigger-than-expected 50 basis points to 1.00%, as it looks to prop-up a cooling economy in the face of intensifying global pressure.
"The Monetary Policy Committee agreed that a lower OCR is necessary to continue to meet its employment and inflation objectives," RBNZ's monetary policy committee said in a statement accompanying its rates decision.
The central bank lowered its cash rate by 25 basis points (bps) in May, and economists polled by Reuters had predicted policymakers would cut rates again this week by 25 bps.
The New Zealand dollar tumbled 1% to $0.6443, a 10-month low.