The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
The speech comes as market participants are strongly anticipating a rate cut at the July 30-31 Federal Open Market Committee policy meeting.The Fedread more
The Swiss Federal Data Protection and Information Commissioner said on Tuesday it had not yet been contacted by Facebook about overseeing privacy protections for the Libra...Technologyread more
Stone, 66, a notorious Republican political operative who has described himself as a "dirty trickster," had previously been dressed down by the judge for his public remarks...Politicsread more
The Dow slipped from a record high set earlier in the day after President Trump cast doubt on the trade progress between China and the U.S.US Marketsread more
Oil prices turned lower on Tuesday, falling by about $2 a barrel as U.S. President Donald Trump said progress has been made with Iran, signaling tensions could ease in the...Energy Commoditiesread more
Spotify stock plunged over 1% on a report that Apple is spending money to create its own original podcasts.Technologyread more
There's a new opportunity emerging due to the divergence between "value" stocks and "defensive" stocks, a top J.P. Morgan strategists saysInvestingread more
Dimon is making his own bet on a digital coin that could transform the global payments landscape: JPM Coin.Financeread more
Facebook's David Marcus said at a Senate hearing Tuesday that U.S. sanctions could be at risk without financial services innovation.Technologyread more
Instagram users took to Twitter on Tuesday to complain about service disruption issues with the photo-sharing app.Technologyread more
The high-yield market is in a bubble, according to Carl Icahn.
Speaking with CNBC's "Fast Money, " the activist investor revealed his thoughts on high-yield bonds, and the stock market. Icahn, who heads Icahn Enterprises, admitted he is worried about a major event—especially given the Federal Reserve's policy.
"The Fed has made it clear that they're not going to raise interest rates so fast—this market follows the Fed," he said, adding "I am quite concerned that something is going to happen."
Icahn also said the index would be "meaningfully lower" without the actions of the Fed.
As for bonds, Icahn revealed he is betting that the high-yield market is due for a fall.
"I think the high-yield market is in a bubble," he said. "I think that is a no-brainer."
Icahn also touted some of his stock calls, including his big bet on Apple.
Although he said he does not remember if he has bought any more Apple stock recently, Icahn reiterated his belief that "companies like this come around once a decade." Not only does he expect the stock to go up as Apple continues to perform well, he said, but there may also be a big boost from traders forced to cover their shorts against the tech giant.
The activist investor also discussed eBay, and its decision to spin off its PayPal division.
Read More What the eBay Split Means for PayPal
"They're a great company—PayPal is great—but it could disappear quickly if something isn't done quickly," he said. "I'd like them to explore selling it right now."
Even the online payment system's current dominance could disappear, Icahn said.
"PayPal is a jewel right now because it really controls all the small merchants online, and they like them, and they get along—PayPal is almost necessary," he said. "But that's not going to last forever. Not with Apple Pay there, and I'm sure the Android is going to get into it."