Jerome Powell will "underwhelm everyone and not overwhelm anyone," one economist saysMarket Insiderread more
The unspecified action comes after the U.S. accused Iran of carrying out the weekend attacks on critical Saudi oil installations.Politicsread more
Oil prices retreated after President Donald Trump said he ordered the Treasury Department to "substantially increase" sanctions on Iran.Energy Commoditiesread more
Corporate executives and money managers have grown increasingly pessimistic about the economy as growth around the world slows.Trader Talk with Bob Pisaniread more
Mortgage applications to purchase a home increased 6% for the week and were a strong 15% higher annually.Real Estateread more
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased.Economyread more
Here's CNBC review of the Apple Watch Series 5, which makes a step forward with an always-on display and a useful compass that can help you find your way on Apple Maps.Technologyread more
The electric car manufacturer is offering auto insurance to its owners in California, with plans to expand to other states later on.Personal Financeread more
Facebook unveils the Portal TV, a streaming device that comes with a camera and microphones for making video calls via television.Technologyread more
Blackstone's Joseph Zidle predicts the Fed will cut rates but says Wall Street won't get what it wants, and stocks could fall as much as 20%.Futures Nowread more
If there is a Santa rally this year, it may not be quite the smooth ride higher many expected for stocks just a few weeks ago, according to some strategists.
The S&P 500 has lost 0.8 percent in two sessions this week, but it recovered from a 25-point rout Tuesday to close nearly flat at 2059. The underlying nervousness, however, may make stocks more volatile into the year end.
"What we've seen happen is the good stocks have continued to go up, and the bad stocks have continued to go down so it's kind of a narrow rally that is difficult to navigate," said Maxim Group technical analyst Paul LaRosa. "We bounced pretty nicely today and had a nice turnaround…You're seeing a little volatility here which is not surprising when you've had a good run."