SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
The next three weeks are among the rockiest, on a historical basis, of the entire calendar.Trading Nationread more
An annual survey by Piper Jaffray finds iPhone that users willing to upgrade to newly released models declined from last year.Technologyread more
The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and the regulator would work with the government to bring the more than 150,000 British customers...Europe Marketsread more
Rising home prices, coupled with conservative borrowing, have today's homeowners sitting on a record amount of potential cash. Today's mortgage holders saw their home equity...Real Estateread more
Barclays unveiled "a new valuation framework for growth companies" in a note on Monday.Marketsread more
New York Fed President John Williams said Monday that the central bank acted quickly during last week's jolt to overnight lending markets and that the issue appears resolved...The Fedread more
The U.S. manufacturing sector recovered in September with activity growth hitting a five-month high, according to IHS Markit.Marketsread more
Harvard economist N. Gregory Mankiw says ultra-wealthy couples could split their fortunes in half through divorce and avoid paying a wealth tax proposed by presidential...Wealthread more
For incoming European Central Bank President Christine Lagarde, the U.S.-China trade war is the biggest threat to the global economy.Marketsread more
Investors in U.S. equities can expect the market to bounce back in the near future, Robert Pavlik, chief market strategist at Boston Private Wealth, said Monday.
"The market is going to be reaching a near-term bottom very soon. What you have to sort of key in on is the level that we held on Friday, the 1,867 level," Pavlik told CNBC. "There is a potential for us to trade a little further down; maybe to 1,852 [or] 1,850, but then I think we start to turn around and we start to see some positives back in the market."
U.S. stocks are off to their worst start in history, with the three major stock indexes closing squarely in correction territory — or 10 percent below their 52-week high — on Friday.
"When you look at the factors that have driven this, there is some credence in oil prices, and China, and those types of things, but this market sell-off looks largely overdone to us," Darrell Cronk, president at Wells Fargo Investment Institute, told CNBC.
Crude prices hit their lowest levels since 2003 after the sanctions on Iran were officially lifted, adding to oversupply concerns within the market. Investors have also kept a close eye on China, as weak manufacturing data from the second-largest economy in the world spurred concerns about a slowdown in global economic growth.
Nonetheless, Cronk said this sell-off presents investors with an opportunity to buy.
"Valuations are now back at about 15 times earnings, which is about 2.5-to-3-year low, you've got many of the sectors in the S&P already in correction territory, so we think there is some nice value here, if investors take a little of the emotion out of it," he said.
While U.S. markets were closed Monday to observe the Martin Luther King holiday, U.S. futures continued to trade and indicated a slightly higher open.