Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
The U.S. stock market offers the opportunity for much better returns than bonds, but equities in Europe may see even bigger upside, said three mutual fund chiefs who oversee more than $1.2 trillion of client assets.
"The [American] equity market looks to me more attractive relative to other places to invest if you look at yields in money markets … [and] fixed-income … over the next three to five years," Brian Hogan, division president for Fidelity Equity and High Income, said Tuesday.
"[But] there are pockets of strength internationally," said Hogan, who manages over $900 billion. "I'm constructive on Europe ... [and] Japan. I think there's real reforms taking place there under Prime Minister [Shinzo Abe]. It's going to take time. But he's addressing the right issues there."
The pan-European STOXX 600 was up around 6 percent this yea, compared to a decline of about 1.3 percent for the on Wall Street.
Appearing on CNBC's "Squawk Box " with Hogan, Oppenheimer Funds CEO Art Steinmetz and Putnam Investments CEO Bob Reynolds said they also like stocks in Europe.
"There are more bargains overseas," Steinmetz said, calling Europe "comparatively cheaper" than the U.S. market. "But I won't call the U.S. overvalued. We're not in a bubble."
"If you look at the U.S. stock market," Steinmetz continued, "it's priced very attractively compared to Treasury bills, which yield zero." He has $200 billion under management.
Said Reynolds, who manages $150 billion: "What you're looking for around the globe is improvement. We're seeing that in Europe and other parts."
Like Steinmetz and Hogan, Reynolds is also positive on the United States. "The U.S. consumer is at the strongest point it's been in years," he said, crediting in part low interest rates and the decline in oil prices.
But Reynolds said he sees oil prices starting to bottom. "It's flattening out here and probably a good time to buy."
Battered oil prices were higher early Tuesday, around $46 a barrel, after falling nearly 3 percent in New York trading on Monday. U.S. crude rallied near $50 two weeks ago. But since June 2014, prices have been cut in half.
Steinmetz also believes the oil rout may have run its course. "At $40 a barrel, you've reached some kind of a floor. We keep bumping up against that."
"Tesla is going to mean that gasoline becomes obsolete, but not today, " he said. "There is going to be the need for a lot of gas for a long time to come."
"We find that the supply-demand is roughly in balance now," Steinmetz said. He said demand could increase if global economic growth picks up. "I want to have more energy than I used to in my portfolio that's for sure."
As for the recently strong dollar, Fidelity's Hogan said, "We're in the later innings of strength in the dollar." Multinational companies that have had their earnings hurt by the dollar may soon start to get some relief, he added.
In the past 1½ years, the dollar index against a basket of foreign currencies has gained nearly 20 percent.