The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread 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
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
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
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
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
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
If Hillary Clinton wins the election, her policies would remove uncertainty for companies and investors, Clinton supporter Glenn Hutchins told CNBC on Thursday.
Business leaders and financial markets hate uncertainty, and GOP nominee Donald Trump's candidacy has just piled it on, said Hutchins, who served as an advisor to Bill Clinton but is not working for the Hillary Clinton campaign. "I think she would be better for business than Trump."
"This is a very uncertain moment that we don't need to throw more problems on," Hutchins said, citing a maturing U.S. expansion, fully valued asset prices and the possibility of a Federal Reserve rate hike.
"There is far more uncertainty if you have a Trump election because you would have a big concern on the part of the international markets about America's stance towards the world," particularly for emerging market holders of U.S. debt, said Hutchins, co-founder of technology investment powerhouse Silver Lake Partners and currently chairman of North Island, the holding company for his personal investments.
"[Trump] is very hawkish on the Fed, which means that you would expect to see over time more tightening. And that's bad for markets if it happens abruptly," Hutchins said. He said a Trump victory would be like "America's Brexit," referring to the initial market turmoil created by Britain voting to leave the European Union.
Correction: This story was revised with Hutchins correcting his comment about the effect of a Trump victory on holders of debt.