It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Overstock CEO Partick Byrne has resigned from the e-commerce company after making comments about his role in the "deep state."Technologyread more
It was the third trigger of the recession indicator in less than two weeks.Bondsread more
Automakers are trying to deal with President Trump's efforts to roll back Obama-era fuel efficiency rules.Autosread more
Mark Zuckerberg has been on a selling spree in August and has unloaded $526 million worth of stock this year.Technologyread more
Palantir CEO Alex Karp said billionaire investor Peter Thiel is right to question Google's decision to work in China, while abandoning military contracts in the US.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.Marketsread more
L Brands shares fell by as much as 12% at one point, touching $17.61 — a price not seen since December 2009.Retailread more
Goldman Sachs' headaches stemming from its work on a Malaysian state wealth fund are growing.
The bank is under investigation by the New York Department of Financial Services, according to a source. The department sent a letter to Goldman requesting information regarding its work on Malaysian fund 1MDB and whether its dealings comply with New York state banking regulations. The inquiry is not a subpoena, but instead an information-gathering effort.
The department is pushing for the bank to reply by Wednesday.
Both Goldman and the DFS declined to comment when contacted by CNBC.
The news was reported earlier Friday by Bloomberg.
For Goldman, its work on the Malaysian fund has led a troupe of government investigators to its door.
Last year, the FBI and Justice Department both sought to probe the bank's work on the fund, which ultimately helped it raise more than $6 billion via bond sales. Some of those funds went missing, only to reappear in the Malaysian Prime Minister Najib Razak's bank account, according to reports. The prime minister has repeatedly denied wrongdoing.
— CNBC's Jim Forkin contributed to this report.