A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.Marketsread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
The S&P 500 is only about 3% from its recent record high despite a tariff panic sell-off, negative investor sentiment and stock outflows.Trading Nationread more
More than 170 shoe retailers, including Nike, Under Armour, Adidas, Foot Locker, Ugg and Off Broadway Shoe Warehouse, have penned a letter to the White House asking President...Retailread more
Health officials confirmed another 41 measles cases last week, the Centers for Disease Control and Prevention said Monday, bringing the total to 880 for the year, already the...Health and Scienceread more
People investing in some technology stocks should not expect them to go up anytime soon, warns the "Mad Money" host.Investingread more
Google has suspended business activity involving the transfer of hardware, software and key technical services with Huawei. Analysts say that could be a big blow to the...Technologyread more
Little Caesars will sell a pizza topped with plant-based sausage crumbles made by Impossible Foods for the pizza chain. This marks the first time a national pizza chain is...Restaurantsread more
Wedbush cuts its price target on Tesla shares to $230 from $275.Investingread more
In her prepared testimony released earlier, she said the U.S. has made progress, but labor market conditions are "not yet consistent" with maximum employment. Still, Yellen reiterated earlier comments that the Fed remains on track to raise rates this year—as long as the economy evolves as expected.
As the hearing began, Yellen was immediately put on the defensive. House Financial Services Committee Chairman Jeb Hensarling, R-Texas, called for more oversight and accused the Fed of flouting the law by ignoring requests for key documents. "The Fed's refusal to cooperate in a congressional investigation threatens both its reputation and its credibility. The Fed is not above the law," he said.
The most heated exchange of the day came when Rep. Sean Duffy, R-Wis., accused the Fed and Yellen of willfully quashing that Congressional leak probe. You can read about that here.
Here's CNBC's live coverage of Yellen's appearance: