It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
It was the third trigger of the recession indicator in less than two weeks.Bondsread more
Overstock CEO Partick Byrne has resigned from the e-commerce company after making comments about his role in the "deep state."Technologyread more
Automakers are trying to deal with President Trump's efforts to roll back Obama-era fuel efficiency rules.Autosread more
Mark Zuckerberg has been on a selling spree in August and has unloaded $526 million worth of stock this year.Technologyread more
Palantir CEO Alex Karp said billionaire investor Peter Thiel is right to question Google's decision to work in China, while abandoning military contracts in the US.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread 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
L Brands shares fell by as much as 12% at one point, touching $17.61 — a price not seen since December 2009.Retailread more
"The president is not backing down," says CNBC's Jim Cramer, referring to Trump's repeated calls for the Fed to cut rates while talking tough on China.Economyread more
The market rebound this week hasn't convinced the strategist predicting a "Lehman-like" sell-off that the risk is completely off the table.Marketsread more
* SSEC -0.3%, CSI300 -0.4%, HSI 0.0%
* HK->Shanghai Connect daily quota used -4.3%, Shanghai->HK daily quota used 3.1%
* FTSE China A50 -0.5%
SHANGHAI, Aug 7 (Reuters) - China stocks ended lower on Wednesday posting their sixth straight session of losses, amid persistent worries of an escalation in the Sino-U.S. trade tensions.
** The blue-chip CSI300 index fell 0.4%, to 3,621.43, while the Shanghai Composite index shed 0.3% to 2,768.68.
** The two major indexes were down for six sessions in a row.
** U.S. President Donald Trump dismissed fears of a protracted trade war with China on Tuesday despite a warning from Beijing that labelling it a currency manipulator would have severe consequences for the global financial order.
** China's central bank said on Tuesday Washington's currency move would "severely damage international financial order and cause chaos in financial markets," while preventing a global economic recovery.
** China's exports probably fell for a second successive month, while imports likely contracted more sharply in July, a Reuters poll showed, hurt by tit-for-tat tariffs in a rapidly escalating trade war between the world's two biggest economies.
** For the medium term, it's an indisputable fact that the market has turned weak, while the overall environment is not upbeat, according to a Kaiyuan Securities report.
** For the first time this year, the benchmark Shanghai index on Tuesday fell below the 250-day simple moving average, widely seen as a key level separating bull and bear markets, the report added.
** Around the region, MSCI's Asia ex-Japan stock index was barely changed , while Japan's Nikkei index closed down 0.33%.
** At 07:13 GMT, the yuan was quoted at 7.0431 per U.S. dollar, 0.26% weaker than the previous close of 7.025.
** The largest percentage gainers in the main Shanghai Composite index were Jiangsu Etern Co Ltd, up 10.14%, followed by Datang HuaYin Electric Power Co Ltd , gaining 10.1% and Pengxin International Mining Co Ltd, up by 10.06%.
** The biggest percentage losers in the Shanghai index were CTS International Logistics Corp Ltd down 10%, followed by Shanghai Lingang Holdings Co Ltd losing 10% and Shanghai Shine-Link International Logistics Co Ltd down by 9.99%.
** About 15.77 billion shares were traded on the Shanghai exchange, roughly 94.7% of the market's 30-day moving average of 16.65 billion shares a day. The volume in the previous trading session was 23.11 billion.
** As of 07:14 GMT, China's A-shares were trading at a premium of 29.29% over the Hong Kong-listed H-shares. (Reporting by Shanghai Newsroom; Editing by Shounak Dasgupta)