The EU opened a formal investigation into Amazon on Wednesday centered on how the e-commerce giant uses merchants' data.Technologyread more
Analysts and investors are keen to find out how looming interest rate cuts will impact the second biggest U.S. lender by assets.Financeread more
IAC is set to invest $250 million in Turo, a peer-to-peer car-sharing firm that is often referred to as the "Airbnb for cars."Technologyread more
U.S. officials see the deal as a threat to NATO, for which Turkey provides the second-largest military.World Politicsread more
Google's services have been blocked in China for several years, but the company still has a business there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
China may have signaled it's going more hard-line on trade, but it could be a good thing, former U.S. negotiator Clete Willems told CNBC.World Economyread more
While the vote served as a show of solidarity for Democrats, it recommended no substantive penalty against Trump.Politicsread more
Barney Frank, former chairman of the House Financial Services Committee, says that significant progress has been made to reduce the amount of imprudent household lending in...Invest in You: Ready. Set. Grow.read more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
United's Optum is launching a new partnership with John Muir Health aimed at helping the small northern California hospital operator become more competitive with its larger...Health and Scienceread more
A key read on the industry, the Architecture Billings Index, fell into negative territory in June, according to the American Institute for Architects. Inquiries for new...Real Estateread more
Presumptive Republican nominee Donald Trump is going to be the next president of the United States, and things could get "pretty scary" in the short-term, according to Jeffrey Gundlach, chief executive officer of DoubleLine Capital.
Still, investors should look at any Trump-related market downturn as a buying opportunity, he said.
Gundlach, speaking with CNBC on Friday, emphasized that he does not support political candidates, but his analysis leads him to believe Trump — who lags presumptive Democratic nominee Hillary Clinton in recent national polls — will win the White House.
"People aren't getting along, they're not happy because of technology taking jobs, and sort of this long, slow grind of a new economy. And so they're looking for change, and I think Trump is going to win on the basis of that," Gundlach said on "Fast Money Halftime Report. " "And he will be quite a bit like Ronald Reagan."
From a trading perspective, Gundlach said Trump is "bonds negative and stocks positive." And if Clinton were to win, she would mean the opposite for the markets, he added.
In fact, the fear surrounding a potential Trump presidency could be an opportunity for investors.
"Things are going to get pretty scary, and I think it's going to present quite a good buying opportunity because I think when Donald Trump is inaugurated, I think that he's going to initiate a very large deficit spending program," Gundlach said.
Such a program, he said, would probably not be "very prudent from a structural point of view," but would appear in the short term to be "working." Specifically, he said, a Trump-led domestic works program could both increase the deficit by $500 billion and bump GDP growth by 2.5 percent.