NewsWatch: Eroding profit margins will push U.S. into recession in 2020, leading forecaster says

MARKETWATCH FRONT PAGE

Stephen Gallagher stands out among Wall Street economists because he’s one of the few willing to go on the record to forecast a recession in 2020. And because he’s not blaming it on tweets, Trump or tariffs. See full story.

U.S. job openings fall in August to a 18 month low as hiring and the economy slow

The number of job openings nationwide fell in August for the third month in a row and hit a one-and-a-half-year low, coinciding with a decline in hiring that’s taken place against the backdrop of a slowing U.S. economy. Job openings slipped to 7.05 million. See full story.

Stocks jump as China-U.S. trade talks come into focus

U.S. stock futures climb Wednesday morning, as China and the U.S. attempt to ease simmering tensions, a day before high-level trade takes are scheduled to commence. See full story.

A brief history of corporate apologies to China

The fallout from the political spat between the U.S. National Basketball Association and China is worsening, as more Chinese brands are pulling sponsorships and vowing to punish the sports league for comments made last week by the Houston Rockets’ general manager. See full story.

Bank earnings preview: The good times are coming to an end

The effects of the Federal Reserve’s interest-rate cuts will be felt for an extended period. See full story.

MARKETWATCH PERSONAL FINANCE

More than 200 of the late chef’s most prized possessions are up for auction this month. See full story.

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