Iran's Revolutionary Guard says it seized a British tanker in the Strait of Hormuz, claiming it failed to follow international marine regulations.World Newsread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
More than a quarter of the S&P 500 companies report earnings in the week ahead, and that could buffet the market as investors await the Fed's meeting at the end of the month.Market Insiderread 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
Executives from United Airlines and American Airlines were "shocked" that state-owned airline Qatar Airways CEO Akbar Al Baker was also invited to the meeting, according to a...Airlinesread more
Earlier this week, a lawyer said Jeffrey Epstein, a former friend of Presidents Donald Trump and Bill Clinton, had "improper sexual contact" with at least one woman under the...Politicsread more
Walmart is making further organizational changes as it continues to integrate its store and digital operations and leadership, according to a memo obtained by CNBC that was...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
These are the stocks posting the largest moves midday.Market Insiderread more
"I'm not hearing people blame the Fed as much as they're blaming tariffs," says CNBC's Jim Cramer.US Economyread more
Looking at 116 years of political power changes and contested elections, Fundstrat Global Advisors Founder Tom Lee found that a president's popularity typically has little effect on stock performance, contrary to popular belief.
A study published last Friday by Lee's firm showed that "presidents who are not popular, even initially, don't translate into bad markets, necessarily," the strategist told CNBC's "Fast Money Halftime Report " on Monday.
Though the consensus view is that in the case of a Donald Trump victory the market will experience a sell-off, Lee instead believes that regardless of who wins, U.S. markets are actually oversold and are poised for a rally.
"I would say it's actually bullish if we end up seeing a relief rally and it really engages investors and we see capital put back to work," Lee said, adhering to the view that prevailing trends matter more than quick selling streaks spurred by pre-election jitters.
And, unless the election is somehow contested, Lee remains as bullish looking forward.
The strategist said it is still possible for the S&P 500 index to rally 10 percent from where it currently stands at $2,127.38 as of Monday afternoon and possibly even exceed $2,300 in the months after the election.