Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
The Federal Reserve needs to return interest rates to more normal levels and free financial markets from government-sponsored price control, said Jim Grant, founder of Grant's Interest Rate Observer.
The real value of asset prices would come in "clearer focus" if rates were not so artificially low, he said on CNBC's "Squawk Box" Friday, a day after a 334-point drop in the Dow Jones industrial average—the worst day since February and the third straight move in either direction of 200 points or more.
"Interest rates now are not discovered as one discovers prices in a free market. They are administered and imposed," he said.
Since the financial crisis, the central bank's easy money policies have been encouraging a shift into riskier assets, said Grant. "The Fed was wanting us all to get out of savings accounts and into junk bonds and equities. It was very pleasant when the getting in was going on. Now perhaps, it's time for the getting out."
October is traditionally one of the worst months of the year for stocks (though not in the past few years). So far this month, the Dow has fallen 2.25 percent as of Thursday's close. Blue-chips are at risk of wiping out all the gains for the year, as stocks are poised for their biggest weekly losses in more than two months.
In this period of volatility, Grant advises investors to look on a stock-by-stock and market-by-market basis.