Stocks fell sharply on Thursday as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.Marketsread more
The yield on the 10-year Treasury note fell to its lowest level since 2017 as more traders grew confident in a longer U.S.-China conflict.Bondsread more
A Ministry of Commerce spokesperson does not single out any U.S. action, but it's been a tense couple of weeks for the trade war.World Politicsread more
In a four-page letter sent Thursday morning, Warren and Ocasio-Cortez asked Mnuchin a series of questions about his advisory role in former Sears CEO Eddie Lampert's...Politicsread more
"For them to say that they don't work with the Chinese government is false," Secretary of State Mike Pompeo tells CNBC.Politicsread more
Facebook has stopped paying commission to staff for selling political advertisements on its platform, The Wall Street Journal reported.Technologyread more
Prosecutors allege that Stephen Calk, former president of Chicago-based Federal Savings Bank, loaned former Trump campaign chair Paul Manafort as much as $16 million in...Politicsread more
Oil prices tumble as the market braces for a prolonged U.S.-China trade war and on signs the U.S. is willing to negotiate with Iran.Energy Commoditiesread more
U.S. manufacturer growth hit new lows in May, the latest sign that the economic slowdown accelerated amid the ongoing trade war.Economyread more
Wall Street is under pressure, but a handful of stocks are breaking out to new highs. McDonald's, Waste Management, Hershey, Visa and Costco have notched records this month,...Trading Nationread more
In its 35-year history, Dell has grown from a PC maker to a technology conglomerate with $90 billion in revenue and services in storage, servers, cloud infrastructure and data...Technologyread more
Stock markets are rallying because investors believe the Federal Reserve has their backs after last week's disappointing jobs report, Deutsche Bank's Joseph LaVorgna said Monday.
Central bankers are essentially stuck now that investors are expecting the Fed to keep its benchmark federal funds rate near zero in the face of weaker labor market data, he said.
"The Fed is very naïve to believe that it could actually raise rates if the market is not discounting it," Deutsche's chief U.S. economist told "Squawk on the Street."
Earlier Monday, Komal Sri-Kumar, president of Sri-Kumar Global Strategies, told CNBC's "Squawk Box" an interest rate hike at a time when investors are not expecting one could result in a "major shock" because investors would have to reverse their positions.
Fed funds futures prices currently suggest there is little probability of an October or December move, LaVorgna said. For that to change, he added, economic data will need to be very strong in the remaining weeks of 2015, or the Fed must "forcefully" tell markets it will raise rates.
Central bankers have now missed their window to raise interest rates, he said, insisting they should have done so earlier this year when job creation was more robust.
Friday's nonfarm payrolls report showed job creation averaged 167,000 over the last three months, slowing from the 260,000-per-month clip for all of 2014. At the beginning of the year, the three-month average was 312,000.
Which sectors of the market will perform best between now and year's end will depend on whether or not the Fed raises rates, said David Lebovitz, global market strategist at JPMorgan Asset Management.
Easy monetary policy would probably continue to be supportive of defensive sectors — which include utilities, health care and consumer staples — he said. Many of those stocks issue dividends that act as a substitute for bond yields.
However, a pickup in economic activity could support some cyclical sectors, Lebovitz said.
"We do think we'll see some strength in the fourth quarter, stronger than what we saw in the third quarter," he told "Squawk on the Street."
—CNBC's Jeff Cox contributed to this story.