Mercedesbenz Lowers Fullyear Outlook on Deterioration in Chinese Economy
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Financial Times - Business
UK consumer confidence tumbles in anticipation of ‘painful’ Budget
Starmer insists he is setting out reality of ‘badly damaged economy’ as GfK survey shows sharp fall in household morale1 hour ago - United Kingdom -
MarketWatch - Business
Treasury yields end at highest levels in up to 2 weeks after jobless claims, Philadelphia Fed’s factory gauge
Two-, 10- and 30-year Treasury yields finished higher for a third straight session on Thursday after fresh U.S. economic data indicated that the labor market and factory sector were continuing to ...4 hours ago -
Yahoo News - World
Stephen Curry draws scores of Chinese fans even in face of approaching typhoon
5 hours ago - China -
CNBC - Business
Tesla’s Chinese rival Nio cuts price for new Onvo-branded car
There's yet another Chinese electric car aiming to undercut Tesla, with a steeper discount.8 hours ago - China -
Inc. - Business
FBI Interrupts Chinese Hackers Targeting Consumer Devices
The Flax Typhoon campaign used malware it put oncameras, video recorders and home and office routers, to create a massivenetwork of infected computers and commit cybercrimes, the agency says.8 hours ago -
ABC News - Top stories
Biden to celebrate progress of American economy in Thursday remarks
In remarks on Thursday at the Economic Club of Washington, D.C., President Biden will celebrate the progress of the American economy, but stop short of declaring victory.14 hours ago - Joe Biden -
The New York Times - Business
Chinese Automakers’ Answer to E.U. Tariffs: Build in Europe
BYD, which leads China’s electric vehicle sector, is constructing a plant in Hungary while its Chinese rivals expand through joint ventures in Europe.15 hours ago - China -
Financial Times - World
What the EU’s new competition tsar thinks about Chinese EV tariffs
Also in this newsletter: How the Greens got their man into von der Leyen’s office19 hours ago -
ABC News - Tech
Justice Department disrupts vast Chinese hacking operation that infected consumer devices
FBI Director Chris Wray says the FBI has disrupted a group of hackers working at the direction of the Chinese government who targeted universities, government agencies and other organizationsYesterday -
BBC News - Top stories
US interest rates cut by 0.5% in first drop in four years
The Federal Reserve has cut its key lending rate by 0.5 percentage points - a larger cut than expected.Yesterday -
MarketWatch - Business
Moody’s lifts outlook on four big regional banks to stable from negative
The debt outlook for Fifth Third Bancorp, First Citizens Bancshares Inc., Regions Financial Corp. and Huntington Bancshares Inc. has been raised to stable from negative by Moody’s on healthier ...Yesterday -
CNBC - Business
The Fed forecasts lowering rates by another half point before the year is out
The so-called dot plot indicated that 19 FOMC members see the benchmark fed funds rate at 4.4% by the end of this year.Yesterday - Federal Reserve -
CNBC - Business
How Fed rate cuts affect the global economy
Federal Reserve interest rate decisions can influence the trajectory of the U.S. economy and create spillover effects in parts of the global financial system.Yesterday - Federal Reserve -
The Hill - Politics
Emboldened Fed lowers interest rates by half-point
The Federal Reserve cut interest rates by 50 basis points Wednesday, the central bank’s first rate reduction following a two-and-a-half year crusade against inflation that raged in the wake of the ...Yesterday - Federal Reserve -
NBC News - Top stories
Fed goes big with interest rate cut in a bid to head off an economic slowdown
The Federal Reserve said Wednesday it was lowering its interest rate by half a percentage point, an unusually aggressive move designed to cushion the economy from a further slowdown.Yesterday - Federal Reserve -
The Hill - Politics
12:30 Report — Who will lowering interest rates help?
Presented by Novo Nordisk — 🎤 Trump's back on the campaign trail {beacon} 12:30 REPORT It’s Wednesday. Writer Abby Olcese posted that she sat next to an Abraham Lincoln impersonator at an airport ...Yesterday -
CNBC - Business
Jim Cramer says Salesforce's collaboration with Nvidia should not be overlooked
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.Yesterday -
Inc. - Business
Retail Spending Rise Bolsters Year-End Outlook
Census Department data for August shows consumers defied economists' predictions of shrinking retail spending, setting the stage for a potentially robust holiday shopping season.Yesterday -
ABC News - World
Chinese aircraft carrier comes closer than ever to Japan
A Chinese aircraft carrier entered an area near Japan's shores for the first time on Wednesday, leading Tokyo to convey its “serious concerns” to Beijing over China’s increasingly assertive ...Yesterday - Japan -
MarketWatch - Business
The U.S. economy is strong by one measure. Why the Fed is set to lower borrowing costs anyway.
A giddy Wall Street projects the Federal Reserve will dramatically reduce interest rates over the next year, even though the U.S. economy seems to be growing rapidly. Odd? Not at all, economists say.Yesterday -
Wired - Tech
Did a Chinese University Hacking Competition Target a Real Victim?
Participants in a hacking competition with ties to China’s military were, unusually, required to keep their activities secret, but security researchers say the mystery only gets stranger from there.Yesterday -
Financial Times - World
Chinese solar panel boom threatens Pakistan’s debt-ridden grid
Industry rushes to switch to clean energy as cost of state power network becomes cripplingYesterday - China -
Financial Times - Business
US dollar trades in the doldrums as rates and data weigh on outlook
Appreciation of other major currencies such as yen and pound has put downward pressure on the greenback2 days ago -
MarketWatch - Business
Oil prices end higher after exploding-pagers attack on Hezbollah members in Lebanon
Oil futures finished higher Tuesday, appearing to get a lift after pagers carried by Hezbollah operatives in Lebanon exploded around the same time in an apparent attack — raising fears of a broader ...2 days ago -
Financial Times - Business
Profit outlook dents THG as it considers separating Ingenuity arm
Ecommerce group says it is ‘progressing options’ to demerge division2 days ago -
The Wall Street Journal - Business
U.S. Steelmakers Warn of Lower Profits as Manufacturers Slow Factories
Nucor and Steel Dynamics forecast a drop in third-quarter earnings, citing weaker demand and shaky prices.2 days ago -
Yahoo News - World
Chinese Researchers Say They Can Detect Stealth Aircraft Using Starlink Satellites
2 days ago -
ABC News - Sports
Boston Marathon lowers qualifying times for most prospective runners for 2026 race
Runners hoping to qualify for the 2026 Boston Marathon are going to have to pick up the pace2 days ago -
MarketWatch - Business
Retail sales rise again and show U.S. economy still on solid ground ahead of Fed rate cut
Sales at retailers rose slightly in August in a sign of resilience among U.S. households, suggesting the U.S. economy is still on solid footing as the Federal Reserve plots to cut interest rates.2 days ago - Federal Reserve -
NBC News - Top stories
Drinking this much coffee a day is linked to a lower risk of several diseases
A new study found that drinking about three cups of coffee per day was associated with the lowest risk of stroke, coronary heart disease and type 2 diabetes.2 days ago -
CNBC - Business
Big names like David Tepper and 'Big Short' investor Michael Burry are quietly upping their bets on the Chinese economy
From property woes to sluggish economic data, China appears to be suffering from long Covid.2 days ago -
The Wall Street Journal - Business
Kingfisher Lifts Lower End of Guidance As Profits Rise
B&Q owner Kingfisher raised the lower end of its fiscal 2025 profit guidance above market expectations, after the B&Q owner posted higher earnings for the first half, despite weaker sales.2 days ago -
The Wall Street Journal - World
U.S. Officials Jet to Beijing Amid Flood of Cheap Chinese Exports
In the talks, Washington intends to highlight concerns over China’s manufacturing overcapacity.2 days ago - China -
The New York Times - Top stories
China’s ‘Silver Economy’ Is Thriving as Birthrate Plunges
The shrinking population poses threats to growth but has opened opportunities for businesses that serve seniors.2 days ago - China -
Financial Times - World
From steel to kimchi, South Korean exporters face flood of Chinese rivals
Overproduction, tariffs and weak demand increase competition with a glut of low-cost goods2 days ago - China -
NBC News - Top stories
Meet Douyin, the Chinese version of TikTok adding to ByteDance's big business
Douyin, the Chinese version of TikTok, spurred a creator economy with more than 700 million active users. The social media video app, owned by ByteDance has parental controls and even time limits. ...3 days ago - Tiktok