The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread 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
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
"It would be insane," he said in a "Squawk Box" interview. "Your exports would fall off the table even more. The dollar would strengthen. It does nothing at all for the U.S. economy," he continued. "We've [also] got oil problems in the U.S."
After their meeting last week, central bank policymakers signaled that they haven't ruled out a rate hike this year, though they did pledge continued patience in their deliberations. Many economists have been expecting the Fed to start increasing rates from their near-zero levels in the second half of the year.
Welch said the Fed should not be taking away accommodation when many of the world's central banks are easing—including the European Central Bank, which announced last month a $1.2 trillion bond purchase plan. The ECB move has added to further weakness in the euro against the dollar, which has soared more than 15 percent against the single currency in six months.
"If you look at this global market, this is a bitch of a problem with this dollar currency ratio," Welch said. "I think the Fed would be crazy to raise rates at this point with the dollar where it is."