Opening of trading was pushed back one hour and 40 minutes as the stock exchange tried to determine the cause. Source: NYT > Business – Amie Tsang
Economic Trouble Signs Hang Over Trump’s Trade War
White House advisers discount warnings of a possible recession. But the president may be gambling that the Federal Reserve can ward off that prospect. Source: NYT > Business – Jim Tankersley, Jeanna Smialek and Ana Swanson
Alibaba’s Strong Results Suggest Chinese Consumers Are Still Spending
Though growth has slowed, the e-commerce giant’s results signal that the country’s consumers still feel comfortable enough to open their wallets. Source: NYT > Business – Sui-Lee Wee and Raymond Zhong
Stocks Whipsaw as Traders Face Conflicting Trade War Signals
Beijing first vowed to retaliate against new tariffs, even after Trump postponed some of them, but then appeared to soften its stance. Source: NYT > Business – Alexandra Stevenson and Amie Tsang
Trump Delays a Holiday Tax, but Toymakers Are Still Worried
Toymakers are already looking ahead to next year’s holiday season, and fretting about the crippling uncertainty that the president’s trade policy has created for them. Source: NYT > Business – Ana Swanson
Global Markets Stabilize After Growth Fears Strike Stocks
Asian shares ended up mixed and Europe opened mildly positive, though economic worries will continue to plague investors. Source: NYT > Business – Alexandra Stevenson