China's manufacturing activity shrank for the fifth consecutive month, signaling uncertainty in the trade deal with the U.S. and sluggish domestic demand. Economists warn of challenges to Beijing's growth targets.
Oil prices fell as traders anticipate talks between Trump and Putin, which may ease sanctions on Russia amid the Ukraine conflict. Concerns over weak Chinese economic data and a potential market surplus add to the downward pressure.
Spirit Airlines is sounding alarms about its financial health, warning of going-concern doubts just months after emerging from bankruptcy. With weak domestic demand and operational uncertainties, the airline is making drastic cuts, including pilot furloughs, to conserve cash.
The latest U.S. Treasury auction of 20-year bonds faced weak demand as fears over rising national debt and a contentious tax-and-spending bill grow. Investors are increasingly worried about fiscal responsibility amidst economic uncertainty.
China experiences consumer deflation for the third consecutive month, impacted by US tariffs and sagging domestic demand. What does this mean for the global economy?
