Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
Federal Reserve Vice Chair Richard Clarida said Friday the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
Epstein, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in New Jersey in early July as he stepped off his private plane, which had...Politicsread more
Lowe's is vying for a category of customer that Home Depot has traditionally dominated — the professional contractor.Retailread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
For the next great investment ideas, look to the M&A space, York Capital Management CEO Jamie Dinan said Wednesday.
"I'm pretty constructive on the market," he said from the SkyBridge Alternatives Conference in Las Vegas. "As you know, the market this year has been very frustrating for a lot of investors."
"The thing that's doing well for us is the event-driven space, particularly the mergers and acquisitions," he said on CNBC's "Halftime Report. "
"This year, in particular, we've seen a huge broadening along a lot more industries," Dinan added. "Industrials—think of GE trying to buy Alstom. Volkswagen just announced yesterday they bought the minority stake in Scania they wanted. Rolls-Royce over in England trying to buy Finland's Wartsila, a big marine engine company. These are all very large, multibillion-dollar transactions. "
The broadening of merger and acquisition activity signals a stronger economy, he added.
"And its broadening because for many of these companies the CEOs are starting to see the economy as a glass half-full, not half-empty. The economy's doing better. They're getting a lot more confidence. And this broadening bodes very well, not just for our strategy, but we think for the markets and the economy," he said.
Dinan, who has $22.3 billion in assets under management, suggested looking to Europe for M&A plays.
"There are a lot of European industrials that are out there," he said. "They're attractively priced and could be subject to M&A."
Disclosure: York Capital does not hold positions in the companies mentioned.