Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread 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
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
Former hedge fund manager and Goldman Sachs alumnus Raoul Pal isn't one to shy away from making bold predictions. Back in November 2014, Pal, who is currently the publisher of the Global Macro Investor newsletter and the founder of Real Vision TV, said the U.S. dollar index was poised to make a move the likes of which hadn't been seen in "many, many years." Now, after the dollar index surged 10 percent, Pal is out with a new prediction, and it could spell trouble for global equities.
"I think the dollar will go up for another few years from here, so I'm expecting to see, by the end of this year, the dollar up maybe 20 percent," said Pal on CNBC's "Fast Money" this week.
"So we've got another 10-12 percent or so to go this year alone, and then next year something similar," he added.
If true, those predictions could have dire consequences for the global market.
According to Pal, a rapidly accelerating bull market for the dollar could lead oil prices to "come back down into the 20s" in the not-so-distant future.
"As the dollar gets stronger, global growth is falling and global export growth is falling, and that means generally that commodity prices should fall as well," he explained.
Pal said the slowdown in global growth, spurred by an ever-strengthening dollar, could have deleterious effects on one country in particular.
"Germany is the big exporting nation of Europe, and I see them slowing down," he said.
Pal explained that a weaker U.S. economy will bleed into Europe and further impact German growth.
"The first half of this year is the weakest first half since the recession" for the United States, he said. "Europe lags the U.S, so I think that won't help Germany at all because obviously the U.S. is buying less goods from Germany."
By Pal's logic, a slowdown in Germany could eventually put all of Europe in harm's way.
"I think Germany is at risk of leading Europe into a recession, which is against everybody else's opinion."