The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
Investors might be wary that gasoline prices will continue to rise, and are looking to take back profits by selling off shares.Retailread more
The Trump administration move on California's auto emissions standards would likely set up a fight between the White House and the state.Politicsread more
"I feel really confident that defense-minded CEOs, when they are on defense, they're going to come to" flexible offices and away from traditional leases, Knotel CEO Amol Sarva...Commercial Real Estateread more
Fanatics has hired Michener Chandlee, Nike's corporate audit and chief risk officer, to become its chief financial officer, succeeding Lauren Cooks Levitan, CNBC has learned.Retailread more
Jeff Saut, chief investment strategist at Raymond James, said Friday the stock market looks like it's searching for a bottom. Using a propitiatory forecasting model, he predicted it would happen next week, followed by a sharp rally. That model actually foresaw the 2015 summer swoon, but missed what he expected to be a "rip your face off" rally in late December.
The U.S. economy created fewer-than-expected nonfarm payrolls of 151,000 last month. The unemployment rate dipped to 4.9 percent, the lowest since February 2008, compared with estimates for a 5 percent jobless rate.
Read More Ugh! Job growth is slowing now, too
The jobs report will be parsed by the Fed and market watchers alike to see whether the economy is strong enough to withstand another rate hike at some point. Central bankers raised rates for the first time in more than nine years in December, and signaled at the time four more increases in 2016. The terrible new year start has put that path into doubt in the minds of traders.
On CNBC Friday, Saut said all the earmarks are there to put in a floor, including "more Google searches for the term 'bear market' since March of 2009 and investment banks telling you to sell everything."
"The model is calling for a bottom some time next week, and a fairly sharp rally after that," he said, though he would not put a number on it. He did say stocks should be higher at the end of the year than they are now.
In making his optimistic case, Saut argued that when this earnings season is all said and done, it's actually going to be better than expected. He also said, excluding the oil patch, the U.S. economy looks pretty good, despite the doom and gloom sentiment that's prevailing in the markets.
On Monday, Saut had told "Squawk Box" the "selling stampede" that led to the worst January for Wall Street since 2009 may have ended with the start of a two-day rally the previous week.
During this uneven week, the Dow Jones industrial average was coming off a two-session rally ahead of Friday's trading. But blue chips did drop sharply Wednesday.
In December, Saut forecast a "rip your face off-type rally" that failed to come to pass. He attributed that to the expiration of $1.2 trillion worth of options and futures that destroyed the market's rhythm.
Earlier last year, Saut accurately called a market bottom during August's sell-off.