Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
Wall Street still has an appetite for Beyond Meat, but two traders have a better way to play the stock.Trading Nationread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
LONDON, Aug 14 (Reuters) - Britain's government bond yield curve inverted on Wednesday for the first time since the global financial crisis, traditionally a sign that some investors think a recession is nearing.
The yield on the 10-year gilt fell below the yield on the two-year gilt shortly after 1000 GMT for the first time since August 2008, according to data from Refinitiv.
Normally, a yield curve slopes upwards as investors expect to be compensated for taking on the risk of owning longer-maturity debt.
An inversion - when shorter-dated yields are higher than longer-dated ones - is sometimes considered a warning of a risk of recession, especially in the United States. (Reporting by Andy Bruce, editing by David Milliken)