After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace, Reuters reported citing a preliminary business survey.Asia Marketsread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
The sexy image that once boosted Victoria's Secret has been haunting L Brands more recently, as women are steering clear of the brand's hot pink, lacy and bejeweled lingerie.Retailread more
Ford is one of four automakers that reached a voluntary agreement with California on fuel efficiency rules, defying Trump and his administration's effort to strip the state of...Autosread more
See which stocks are posting big moves after the bell.Market Insiderread more
"I'd love to say that the optimistic universe is most likely to prevail, but the talking heads talk endlessly about how a recession is inevitable," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
The market is at risk if Britain decides to leave the European Union, not necessarily because that nation is exiting but because others may follow, bond expert Bill Gross said Friday.
"France ... or Italy might suddenly decide their own domestic internal policies should be favored versus that of a larger EU family," Gross said in an interview with CNBC's "Power Lunch. "
"If 'Brexit' wins, then fear gets into the marketplace and positions in terms of expectations for growth — anemic as it is in euroland — become threatened."
U.S. stocks fell in midday trading Friday after a new poll by London newspaper The Independent showed 55 percent of British citizens are in favor of leaving the EU. The vote is scheduled for June 23. The , as well as against the dollar.
Gross, who runs the $1.4 billion Janus Global Unconstrained Bond Fund, said the possibility of a Brexit is just another element that does not favor risk assets.
"Risk assets are dependent upon growth, they're dependent upon — even in the high-yield market — on relative stability and to the extent from a geopolitical standpoint that growth is threatened then risk assets are at risk," he said.
As one outcome becomes more probable than the other, then money is moved around quickly and causes volatility and instability, added Gross.