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Good morning from the newsroom of the Financial Times.

Today is Thursday, August 15th. Good morning from the newsroom of the Financial Times.

Today is Thursday, August 15th,

and this is your FT news briefing.

U.S. equities slid on Wednesday after China and Germany revealed disappointing economic data.

Meanwhile, Wework unveiled its prospectus for a $3 to $4 billion initial public offering later

this year.

The F.T.'s Eric Platt explains what the company's rapid growth and ballooning losses mean for the property group.

Then I'll get to the rest of the day's headlines. I'm Mark Filipino and here's the news you need to start your day.

U.S. stocks slid on Wednesday as investor fears mounted over slowing global growth and the possibility of an impending recession.

The FT's U.S. capital markets correspondent Richard Henderson has more.

Wednesday was tricky.

There was some economic data from China and Germany that wasn't very attractive

and we saw what we've seen throughout the year is investors getting worried about global growth.

Are we moving towards a global recession?

And so we saw stocks sell off sharply in the US

by nearly 3% for the S&P 500 and we saw the all-important

yield curve invert for a critical slice of the yield curve which is the difference between two-year

bonds and ten-year bonds. So for a brief moment it became more attractive to

hold two-year debt than ten-year debt.

...