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Factory activity in China shrank in August for the fourth month in a row as the United States ramped up trade pressure and domestic demand remained sluggish, pointing to a further slowdown in the world’s second-largest economy. Persistent weakness in China’s vast manufacturing sector could fuel expectations that Beijing needs to rollContinue Reading

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Persistent weakness in China’s vast manufacturing sector could fuel expectations that Beijing needs to roll out stimulus more quickly, and more aggressively, to weather the biggest downturn in decades. The Purchasing Managers’ Index (PMI) fell to 49.5 in August, China’s National Bureau of Statistics said on Saturday, versus 49.7 inContinue Reading

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The clothing rental craze is coming for the struggling department store. Hudson’s Bay said on Wednesday that Lord & Taylor, the beleaguered department store chain founded in 1826, would be acquired by Le Tote, a seven-year-old clothing rental start-up. In an unusual deal, Hudson’s Bay, the chain’s parent company, will continue toContinue Reading

Anthony Levandowski, a former lead engineer for Google, was arrested for allegedly stealing self-driving technology from his former employer. Levandowski’s attorney says his client did nothing wrong. CNN’s Dan Simon reports. Learn more About: Ex-Google engineer arrested for alleged theft of trade

Angela Merkel Visits Global

The competition between semiconductor giants is getting ugly, and it could have an unfortunate impact on many of the devices you buy. GlobalFoundries has sued the Taiwanese firm TSMC for allegedly violating 16 patents tied to its chip production business, including ones for semiconductor interconnects and the common FinFET design used inContinue Reading

ecnomic

On Friday, the bond market once again flashed what has historically been a reliable sign of an impending U.S. recession — an inverted U.S. Treasury bond yield curve — after trade tensions with China heated up, triggering a 2.6% sell-off in the broader stock market. This indicator has occurred several times sinceContinue Reading