U.S. yield curve inverts for first time in 12 years, flags recession
The U.S. Treasury yield curve inverted on Wednesday for the first time since June 2007, in a sign of investor concern that the world’s biggest...
Exclusive: China curbs gold imports as trade war heats up
China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could...
WeWork to test IPO investor appetite with widening losses
WeWork owner The We Company published detailed financial statements for the first time on Wednesday, revealing breakneck revenue growth and soaring losses, as it prepares...
China requests removal of additional tariffs as per Osaka consensus: Global Times editor in chief
China is asking that it and the United States remove all additional tariffs in line with a consensus reached between the two sides in Osaka,...
No concessions from China as Trump postpones some tariffs: U.S. officials
China made no concessions to the United States after President Donald Trump postponed threatened tariffs on some Chinese imports until mid-December, senior U.S. officials said...
Wall Street tumbles on growing recession fears
Wall Street main indexes slumped more than 2.5% on Wednesday, as a closely watched U.S. bond market indicator pointed to a renewed risk of recession...
Oil tumbles 5% on weak global economic data, U.S. crude build
Oil prices sank roughly 5% on Wednesday after disappointing economic data from China and Europe revived global demand fears and U.S. crude inventories rose unexpectedly...
U.S. import prices rebound, but trend still subdued
U.S. import prices unexpectedly rose in July, but the underlying trend continued to be weak, pointing to subdued imported inflation pressures....
Oil slumps more than 4% on weak global economic data, U.S. crude build
Oil prices sank more than 4% on Wednesday after global demand fears were revived by weak economic data from China and Europe and an unexpected...
Macy’s shares sink as discounts to clear inventory hurt, tourism drops
Macy’s Inc cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as...