In a series of tweets, the president addressed an unusual controversy stemming from a speech Thursday that New York Fed President John Williams delivered.Marketsread more
Four members of the House Armed Services Committee, including ranking member Mac Thornberry, R-T.X., said moving forward with the contract was critical to U.S. national...Technologyread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
Walmart is making further organizational changes to further integrate its store and digital operations and leadership, according to a memo obtained by CNBC that was sent by...Retailread more
George Nader helped arrange a January 2017 meeting in the Seychelles between Erik Prince and the head of Russia's sovereign wealth fund, who reported directly to Vladimir...Politicsread more
"I'm not hearing people blame the Fed as much as they're blaming tariffs," says CNBC's Jim Cramer.US Economyread more
Earlier, Williams said in a speech that "it's better to take preventative measures than to wait for disaster to unfold."The Fedread more
Gold has been on fire this year and some investors think it is poised to do something it has only done twice since World War II.Marketsread more
The University of Michigan's preliminary print on its consumer sentiment index ticked up to 98.4, from 98.2 in June. Economists polled by Refinitiv expected the preliminary...Economyread more
The mega-cap tech stocks that have led much of the record-long bull run have started to lose steam, but investors are still giving them the benefit of the doubt.Marketsread more
Houston, we have liftoff. Fifty years ago, man landed on the moon and McDonald's and a handful of other stocks took off into the stratosphere. Two of them have more fuel in...Trading Nationread more
A failed military coup in Turkey over the weekend will give the administration of President Tayyip Erdogan the opportunity to intensify its crackdown on dissenters, analysts said Monday.
Since the attempted coup over the weekend, the number of people rounded up in the armed forces and judiciary has risen to 6,000.
Erdogan is blaming the coup on a "terror group" led by Muslim cleric Fethullah Gulen, who is based in Pennsylvania. Gulen has denied any connection with the coup.
"There's plenty more (purges) to come … Erdogan will use this as an example of why the constitution needs to be changed to fundamentally rid Turkey of its coup-ridden past," Reva Goujon, an analyst at geopolitical consultancy, Stratfor, told CNBC's "Squawk Box ".
Since his party won the parliamentary elections in November last year, Erdogan has been pushing for constitutional changes that will give the president more powers.
"You're going to see purges of judges, of military personnel, of the police, to really eliminate system of any dissenters, including those of the Gulen movement," added Goujon.
The rapid arrests of dissenters showed that Erdogan was "ruthless in crashing his political opponents," Lowy Institute for International Policy's research fellow, Rodger Shanahan, told CNBC's "Capital Connection "
"There wouldn't be enough time to do any kind of investigation into the coup, so these people would have been on a pre-existing list of his political enemies, so we are going to see harsh crackdowns," said Shanahan.
Turkey has said it is putting together an extradition request for Gulen.
Lawyer Robert Amsterdam, who represents Turkey's government, told CNBC the Turkish authorities had sufficient evidence against Gulen.
The U.S. government has said it would consider any formal request.
With the coup happening at a time when Turkey is pushed increasingly into prominent roles in global affairs, Erdogan is expected to use the situation to his advantage.
"Turkey is going to leverage this issue and leverage the U.S.'s need for Turkey to participate in the fight against the Islamic State to secure the extradition," added Goujon. Turkey is a leading member of the U.S.-led coalition against the Islamic State.
As reports of violence against coup plotters spread, European leaders were also getting increasing jittery.
Pictures on social media showed detained soldiers stripped to the waist, some wearing only their underpants, handcuffed and lying packed together on the floor of a sports hall where they were being held in Ankara, Reuters reported.
One video posted on Twitter showed detained generals with bruises and bandages. Akin Ozturk, head of the air force until 2015 and identified by three senior officials as one of the suspected masterminds of the coup plot, was among those held.
Despite concerns over human rights, the European Union had earlier brokered a deal with Turkey to halt illegal migration flows to Europe through Turkey in return for financial and political rewards for Ankara.
European politicians have warned Erdogan, however, that the coup attempt did not give him a blank check to disregard the rule of law.
Reuters contributed to this article.
Follow CNBC International on and Facebook.