The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
Stocks fell for a third straight day on Thursday as Wall Street digested a mixed batch of corporate earnings results.US Marketsread more
It's tempting to view Netflix as a possible replacement for the entire media ecosystem. But execs on its Q2 earnings call showed lower ambitions: It just wants to create the...Technologyread more
Hacker Square at Facebook's headquarters features large gray stripes that are an homage to an early event in the company's history that epitomized the company's spirit of move...Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
Jeffrey Epstein, a former friend of Presidents Donald Trump and Bill Clinton, had asked a judge to release him on a bond of as high as $100 million or more.Politicsread more
Netflix blames its content slate, regional price increases and a "pull-forward effect" of its strong Q1 growth for the miss.Technologyread more
Nancy Pelosi and House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
The strengthening of the president's formidable campaign war chest has led his organization, along with the Republican National Committee, to raise over $100 million in the...2020 Electionsread more
Treasury Secretary Steven Mnuchin says if the call goes well, he would expect in-person meetings to take place.Marketsread more
The filing came a day after the judge in Michael Cohen's criminal case ordered their release, saying that the end of a probe into those payments to alleged sexual partners of...Politicsread more
The new year has been off to a rocky start for Wall Street, with the Dow, and Nasdaq ending the week down more than 6 percent. Some investors are wondering if the U.S. is headed into bear market territory, while others hold that the fear is overblown.
"I'm still very bearish. I'm bearish on stocks, I still think we have a bubble," Tice Capital's president, David Tice, said Friday on CNBC's "Power Lunch. " He thinks markets could fall as much as 30 or 40 percent over a period of six to 18 months.
The U.S. market slump follows Thursday's worrisome day for China when the country halted trading after a 7 percent market plunge. The epicenter of the market earthquake was Beijing's decision to devalue the yuan by 0.5 percent to 6.5646 per dollar.
"There needs to be a set of macroeconomic measures, monetary and fiscal policy to support the economy and some confidence-building measures in terms of economic reforms," said Eswar Prasad, senior fellow at the Brookings Institution and a Cornell University professor, on "Power Lunch" on Friday.
Stock market and supply-side reforms should be key steps moving forward for China, according to Prasad.
Some analysts say that global market fears over China are overblown, citing Friday's strong U.S. jobs report. The domestic economy added 292,000 nonfarm payrolls in December, according to the most recent Bureau of Labor Statistics report, soaring past the expectation of 200,000 by analysts.
"There has been some concern we might be slipping into a recession and the very, very strong jobs number today really suggests we're not," said Burns McKinney, portfolio manager at NFJ Investment Group, said on "Power Lunch."
In fact, investors should "buy the dip," according to McKinney and Wells Fargo Investment Institute senior global equity strategist Scott Wren.
"You know, it's been an ugly start, but investors are going to be a lot more happy in 2016 than they were in 2015," Wren said on "Power Lunch," adding that investors will likely see better performance from Japan and the euro zone.