To prevent a hard landing, China needs to avoid overbuilt industries and direct investment to sectors that have the ability to raise productivity.
'Volatility in financial markets and a moderating outlook in labor markets could pose downside risks to growth,' said a CB director.
Initial claims for unemployment benefits fell last week to the lowest level since April, 259,000.
Waiting out long depreciation cycles on real estate is a recipe for empty malls and shuttered main streets.
The Fund reduces its forecast from 2.4% in April and says there is a "clear case" for the Fed to proceed cautiously on interest rates.
A Harvard University study finds the number of Americans dedicating at least half of their income toward rent hit a record 11 million in 2014.
Brazil's federal goverment steps in after the state of Rio de Janeiro declares its finances are a "public calamity."
The entrepreneur says the $2.8 billion deal will turn Tesla into the world’s only vertically-integrated energy company.
The reduced forecast for 2017 reflects an increase in capital spending to $5.1 billion as FedEx tries to keep pace with ecommerce growth.
China gaming giant buys maker of Clash of Clans to expand market share and geographic footprint.