The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
Talks between the world's two largest economies have stalled after each nation lobbied higher tariffs on the other's imports.Traderead more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
A Chinese official in Hong Kong is urging the quick passage of legal measures to allow fugitives to be transferred to the mainland.China Politicsread more
GAC Motor said its delaying its launch in the U.S. but had no timeline when it could launch there.Autosread more
Markets in Asia traded cautiously on Wednesday morning as trade tensions continued to linger between the U.S. and China.Asia Marketsread more
See which stocks are posting big moves after the bell on Tuesday, May 21.Market Insiderread more
CBS plans to renew discussions for Starz with Lions Gate in the coming weeks, according to people familiar with the matter. If a deal happens, the remainder of Lions Gate...Technologyread more
Emerging markets with the greatest potential are relatively easy to identify, Lewis Kaufman of Thornburg Investment Management said Wednesday.
"The easiest places, I think, to make money right now are the current-account surplus countries, places like Korea, places like the Philippines, where you actually have current-account surpluses, or countries with manageable current-account surpluses, Mexico, " he said on CNBC's "Halftime Report. "
Kaufman, who is portfolio manager of the Morningstar five-star rated Thornburg Developing World Fund, oversees $1.5 billion in assets.
Slightly riskier countries could also be worth a look, he added.
"I think if you lean against the grain, you want to invest in countries that are deeper into the cyclical adjustment process, countries like Indonesia, India, even Brazil, if we don't get electricity rationing, " he said.
"The reality for Brazil is they've raised interest rates substantially. They've taken their medicine. You've got interest rates in the 10s, among the highest real interest rates in the world. The current account, I believe, is under control and they've slowed consumption. That is the medicine that other emerging markets need to take, so actually absent electricity rationing in Brazil, I'm relatively optimistic."
China presents a different picture.
"In China, the problem is fiscal, and so what I think you're entering is a period of slower growth in China," he said. "Whether that means a disorderly slowdown or a more orderly slowdown remains to be seen. Unless you have some sort of stabilization in growth rates in China, it's hard to be overly optimistic about the emerging markets until then."