Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
MetLife plans to file an appeal in federal court on Tuesday against regulators' decision that the insurer is a too big too fail.
Ahead of the legal action, Chairman and CEO Steven Kandarian told CNBC that regulators "got this one wrong." He said there's compelling evidence the company is not a "nonbank systemically important financial institution" under the Dodd-Frank Act Wall Street oversight law, which was signed by President Barack Obama in 2010 and designed to prevent another financial crisis like the one in 2008.
In a "Squawk Box " interview, Kandarian said MetLife has never engaged in the kind of risky financial behavior that got companies in trouble in the lead-up to the financial crisis. Kandarian added that he supports regulation but said the insurance industry is already regulated enough.
He said setting a new federal standard for just the largest life insurers would drive up the costs for consumers. "This action could lead and is likely to lead to higher costs for middle class consumers of insurance products without any additional safety being provided to the system."
"We want a level playing field for everyone to compete on," he continued. "But here you're singling out a couple of large life insurers and ... putting them on an unlevel playing field."
Kandarian, a former regulator himself, said there's a better way to handle insurers, "using an activities-based approach" like asset managers rather than singling out a couple of companies.