Hi, everyone. With recession fears circulating, we look at business indexes, and that despite fears, are still performing well. China takes a softer stance on trade. The world economy is responding to the notions of recession, and the reactions are concerning. In other news, we read about the rise of the virtual restaurant. And Nike is entering the subscription business.
Key business activity indexes for New York and Philadelphia pointed to continued expansion in August amid worries that the U.S.-China trade war was dampening growth prospects, according to two reports released Thursday.
China hopes to “meet the U.S. halfway” on trade issues, the foreign ministry spokesperson said on Thursday. The statement came after China said it will have to take the necessary counter-measures to President Donald Trump’s latest tariffs threat.
The global economy is under increasing stress as growth cools and trade tensions take a mounting toll. On Wednesday, the tremors were felt worldwide.
Food delivery apps are reshaping the restaurant industry — and how we eat — by inspiring digital-only establishments that don’t need a dining room or waiters.
The No. 1 sneaker retailer in the U.S. is launching a subscription service for kids called Nike Adventure Club.