House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
Analysts think Microsoft's Azure cloud growth slowed in the fiscal fourth quarter. But Windows revenue could benefit from better-than-expected PC sales.Technologyread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Stocks erased earlier losses, but the rise was kept in check as Wall Street digested a mixed batch of corporate earnings results.US Marketsread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
The fact that interest rates are relatively low makes the idea of a so-called insurance rate cut later this month an attractive option for the Fed.Market Insiderread more
Video of the event does not show the president disagreeing with his supporters. Instead, it shows that Trump paused as the chant began, allowing his supporters to continue...Politicsread more
President Trump said he's looking at the JEDI Contract that will be awarded to Microsoft or Amazon.Technologyread more
Business advocacy organizations sharply criticized the House of Representatives for passing a bill to raise the minimum wage to $15, saying it would be a costly job killer.Politicsread more
Wealthy clients liquidate some investments every year to cover their tax bill, so presumably this was higher than what Morgan Stanley has seen previously.Financeread more
While Apple shares closed down Friday, the stock is up about 20 percent over the past three months, and analyst Gene Munster expects it to continue marching higher thanks to new products the tech giant is expected to unveil.
"I think these products that albeit have been mysterious in the past … will take some form of substance in the next six to nine months, and I think that's going to move shares higher," he told CNBC's "Closing Bell. "
He believes this will be the product cycle of the decade for the tech giant, which is expected to announce a new product category at its Worldwide Developer Conference on Monday.
Smart home technology, a watch, payments and TV are all in play as possible new categories, Munster said. Together, they could power revenue and earnings to an upside that investors are not expecting.
In that vein, he's looking ahead to the next six quarters, not just 2014. Therefore, if there is a down quarter in June, he doesn't think it will matter.
"I think we'll get back to a growth story of closer to 10 percent," he said.
Munster isn't alone in his bullish view toward Apple. Several analysts have upgraded their price outlook for the company. The stock's average target price is now $650, according to Reuters data.
However, Bert Dohman of Dohmen Capital Research Institute said Apple's recent run isn't about the fundamentals. He thinks it comes down to financial engineering by CEO Tim Cook in the form of the 7-for-1 stock split, dividend increase and stock buyback announced in April.
"A buyback of stocks is so deceptive for investors," he said. "It actually increases the earnings per share because it reduces the number of shares outstanding."
Read More Will.i.am on Beats: 'We got it right'
—By CNBC's Michelle Fox. CNBC's Laura Petti and CNBC's Matt Clinch contributed to this report.