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
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
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
Google announced Google Glass Enterprise Edition 2 on Monday, a new set of smart glasses that's catered toward businesses and costs $999. Google has focused on business use...Technologyread 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
Microsoft on Monday announced new moderation for its Xbox platform in an effort to cut down on toxic content and to make gaming safer for everyone.Technologyread more
Before the winner would even get a dime, more than $54 million would be withheld for federal taxes. Much more would likely be due at tax time.Personal Financeread more
People investing in some technology stocks should not expect them to go up anytime soon, warns the "Mad Money" host.Investingread more
The finalists from the Council for Economic Education's National Economics Challenge will put their problem-solving skills to the test Monday in a high school economics...US Economyread more
If there's a "magic formula" for the U.S. stock market, it would be China heavily easing its "much too tight" monetary policy, hedge fund billionaire David Tepper said Friday.
"If there was going to be a paradigm, it would be China really easing; not one quarter, but they could lower a couple hundred basis points," said Tepper, founder and president of Appaloosa Management, which has more than $20 billion in assets under management.
Last week, China's central bank cut interest rates for the sixth time since November, and the European Central Bank signaled it would consider extending its massive bond-buying program well into 2016 and even beyond.
"People might underestimate if [China] straightens itself out ... how fast the Fed might have to raise rates. It might be another paradigm," Tepper told CNBC's "Squawk Box " in an interview from Carnegie Mellon University, where a groundbreaking on the Tepper Quadrangle was set for Friday.
The Federal Reserve this week took no action on interest rates at its latest meeting. However, central bankers put the markets on notice that the first rate hike in nine years could indeed happen in December. While signaling rates could go up, Tepper said the message from Fed policymakers could be viewed as having "more faith in the economy."
Looking at the overall stock market, Tepper said the conditions that led him to be cautious about stocks last month have not changed much since. "We're in old-fashioned investing here. You have to keep cash on the sidelines; have a diversified portfolio."
He said he doesn't "love" the bond market right now, though he acknowledged individual investors should probably own some fixed-income assets.
When he was last on the program in September, Tepper said it was a good time to take money off the table. At the time, Tepper said he's "not as bullish" as he could be — taking a more cautious view of the stock market almost five years after his comments on CNBC sparked the "Tepper Rally" in the stock market.
Since Tepper's previous interview on Sept. 10, the S&P 500 moved higher for a few days and then tested the Aug. 25 lows of the year, before increasing about 8 percent as of Thursday's close.
In some other past calls, Tepper told "Squawk Box" In May 2013 that the Fed had to taper its bond-buying to keep the stock market advance on an even keel. The term "taper" become common parlance on Wall Street, and gave rise to the phrase "taper tantrum."