The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing, Reuters reported.Technologyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
After a week spent in San Francisco, I was most struck by trader commentary over the weekend that the President's bruising fight over Syria might change the outlook on the choice for the next Fed chairman.
The argument went like this: the fight over Syria is not going well for President Obama. There is a high probability that the President may lose an outright vote in the House of Representatives (despite some support from John Boehner), or be forced to pull the resolution before there is a vote.
This means that the President is in a weaker position to negotiate on his domestic agenda.
(Read more: Kudlow—agenda crippled?)
That would include Obamacare and an end to the sequester, but most importantly for Wall Street it may mean that he may not be as willing to support Larry Summers as the next Fed chairman, given the opposition that is already lined up against him.
My point: this is a second-term President with very limited political capital. His popularity ratings are not far from new lows.
(Read more: Companies sweating Obamacare tax)
If he puts all his eggs into this basket, he will have less ammunition to fight the domestic fights.
Where does he pick and choose to fight? Does he give up on Obamacare or Larry Summers?