Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
Iran's Revolutionary Guard says it seized a British tanker in the Strait of Hormuz, claiming it failed to follow international marine regulations.World Newsread more
More than a quarter of the S&P 500 companies report earnings in the week ahead, and that could buffet the market as investors await the Fed's meeting at the end of the month.Market Insiderread more
Walmart is making further organizational changes as it continues to integrate its store and digital operations and leadership, according to a memo obtained by CNBC that was...Retailread more
George Nader helped arrange a January 2017 meeting in the Seychelles between Erik Prince and the head of Russia's sovereign wealth fund, who reported directly to Vladimir...Politicsread more
These are the stocks posting the largest moves midday.Market Insiderread more
"I'm not hearing people blame the Fed as much as they're blaming tariffs," says CNBC's Jim Cramer.US Economyread more
Earlier, Williams said in a speech that "it's better to take preventative measures than to wait for disaster to unfold."The Fedread more
Four members of the House Armed Services Committee, including ranking member Rep. Mac Thornberry, R-Texas, said moving forward with the contract was critical to U.S. national...Technologyread more
An interest rate increase "may be warranted later this year," even though the economy remains weak by historical standards, Fed Chair Janet Yellen said on Friday.
In prepared remarks for delivery at a San Francisco Fed conference, Yellen said it was not essential to see a rise in core inflation before raising interest rates. She suggested that a weakening in inflation or wages, on the other hand, would hold the central bank back from the first rate hike in 9 years.
At the same time that she was suggesting more willingness to raise rates in the near term, she also struck a dovish note about the long term, saying the return to a normal Fed funds rate was "likely to be gradual." Earlier this week Fed Vice Chair Stanley Fischer had also said there were no plans for regular rate hikes.
"The fact they're staying on point, Fischer and herself, means they think the market interpretation of them being more dovish is correct," said George Goncalves, head of rates strategy at Nomura.
The Fed chair also continued with her recent comments on currency, noting the strong dollar was hurting exports.
Stocks added slightly to otherwise muted gains on Yellen's comments. Click here to see market reaction.
Earlier this month, the Fed released its latest guidance on raising interest rates. Markets interpreted the dovish statement as a slower path to a rate hike that could happen closer to the September meeting, rather than in June.
Fed funds futures as of late Friday afternoon were pricing a better-than-average chance of the first rate hike in October at the earliest.
Read MoreWhy the jobs report could decide the dollar's fate
Read MoreHow the Fed is 'screwed,' and what happens next
Read MoreHere's where to go amid this volatility: Calamos
—Reporting by CNBC's Steve Liesman