Iran's Revolutionary Guard said the British tanker, Stena Impero, failed to follow international maritime rules.World Newsread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
More than a quarter of the S&P 500 companies report earnings in the week ahead, and that could buffet the market as investors await the Fed's meeting at the end of the month.Market Insiderread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
Trump's constant berating of the Fed and its actions does not influence the central bank's decisions, Boston Fed's Eric Rosengren says.The Fedread more
Executives from United Airlines and American Airlines were "shocked" that state-owned airline Qatar Airways CEO Akbar Al Baker was also invited to the meeting, according to a...Airlinesread more
J.C. Penney on Friday afternoon issued a statement responding to a report that the embattled department store chain had hired advisers to explore debt restructuring options,...Retailread more
Earlier this week, a lawyer said Jeffrey Epstein, a former friend of Presidents Donald Trump and Bill Clinton, had "improper sexual contact" with at least one woman under the...Politicsread more
Walmart is making further organizational changes as it continues to integrate its store and digital operations and leadership, according to a memo obtained by CNBC that was...Retailread more
The S&P 500 has another 10 to 15 percent more to gain through year end, and emerging markets are increasingly attractive, Pimco's deputy CIO and global head of equities said Friday on CNBC.
On "Halftime Report, " Virginie Maisonneuve said she was "quite positive" on the dollar and noted the potential of the Japanese yen and the euro to head lower.
"A strong euro is not good for Europe, and we know that Europe is ready to add QE if it needs," she said. "I think in U.S. dollar terms, a 10 percent return between now and the end of the year a makes sense."
Maisonneuve also noted the effects of a "very benign growth inflation environment" in the United States and an incremental tapering of quantitative easing by the Federal Reserve. "I think that is very bullish for equities," she said.
The U.S. would likely see better capital expenditures, decent growth and strong balance sheets, Maisonneuve added.
Emerging markets were also worth a look, she said, in part because they have been oversold, hold attractive valuations and promise solid global growth.
"I became more positive on emerging markets a couple of months ago when valuations were really very, very cheap," Maisonneuve said.
"The reason why those markets were beaten up, if you remember during the crisis when there was basically no yield to be had anywhere, a lot of money went into the emerging markets to search for yield," she said. "When the noise or the seed of normalization or tapering came, a lot of that money came out, putting pressure on currencies and those markets. And clearly, countries that had a current account deficit suffered more."
A good time to invest in emerging markets could come on a dip, such as if China releases weak economic data or an escalation of the political situation in Russia, Maisonneuve said.
"If that was happening, I think this would be a fantastic entry point for people who do not have emerging markets or are very underweight," she said. "Ultimately, they will generate growth and good returns because they are so cheap."