The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle, Washington. While there, he's scheduled to meet with Boeing executives and...Airlinesread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
For the past six years, Facebook has tried over and over to release a hardware product that consumers will want, and it has never succeeded.Technologyread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
President Barack Obama spoke at an event in San Francisco on Wednesday hosted by software company Splunk and addressed how tech can help solve problems.Technologyread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
Microsoft shares rose 1% after hours as it announced plans to raise its dividend and authorized as much as $40 billion to buy back shares.Technologyread more
Stocks drifted in a narrow range Thursday afternoon, as investors digested a raft of corporate earnings reports.
Amid the mixed trading session, two well-known billionaire investors revealed they have soured on the U.S. stock market.
Monday on CNBC, David Tepper, who oversees nearly $20 billion at Appaloosa Management, said he was light on stocks, heavy on cash and did not see much upside in the markets.
While not outright bearish, billionaire activist investor Carl Icahn said he remains very nervous about overvalued S&P companies and under-funded pensions.
Sharing Tepper and Icahn's cautious tone is Joseph Amato, president and chief investment officer at Neuberger Berman, with $255 billion in assets under management.
Appearing on CNBC's "Power Lunch" Monday, Amato said there are a number of "structural headwinds" to growth.
"U.S. economic expectations being revised lower for 2016 and 2017," said Amato. "Europe and Japan also remain challenged, although China and broader emerging markets are rebounding."
Amato suggests investors keep a diverse portfolio across several different asset classes, including fixed income and equities.
"Use these opportfunities of shifts in valuations to make tactical moves," said Amato. "Our portfolio managers are keeping more cash than they typically have done, and taking advantage of increasing volatility entering the marketplace."
One area Amato is particularly bullish on is emerging markets.
"Given we have reduced U.S. stock market exposure, we see emerging markets outlook improving amidst weaker dollar, stronger commodity prices and short-term improvement in Chinese growth."