Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
The Massachusetts senator's alarm-sounding about consumer debt neglect to measure it against the growth in the economy and the ability to pay.Economyread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week, the firm...Marketsread more
Shares of Beyond Meat jumped 12% Monday afternoon, nearing its all-time high, on investor optimism ahead of its earnings.Food & Beverageread more
Carl Icahn thinks Occidental Petroleum's CEO got played by the Oracle of Omaha himself in the company's effort to buy Anadarko Petroleum.Investingread more
The U.S. Food and Drug Administration has approved the first generic copies of a popular, pricey pill for nerve pain. The agency on Monday said it approved nine generic...Biotech and Pharmaceuticalsread more
Starbucks is licensing its mobile and loyalty program technology in a deal that will give global franchisees the chance to offer the Starbucks mobile app to customers.Restaurantsread more
Investors should stay out of the stock market after Republican 's stunning win, Dennis Gartman, founder and editor of The Gartman letter, said Wednesday.
"I think the first thing you want to do is go to the sidelines, if you're not already there. If you didn't get to the sidelines before the vote, get to it now. If you're long on the fact that the Dow has rallied 300 or 400 points from the lows … use that as an excuse, as a reason to get closer to the sidelines, " he told CNBC.
Trump shocked the world by beating Democratic nominee in the race for the White House. His success was only part of a larger, crushing victory for the Republican Party, which retained the House and appeared poised to maintain Senate control.
"I voted for Mr. Trump, but I was not happy to have done it. I did it by holding my nose and [pressing the button], but I am fearful of his trade protectionism, I'm fearful of his movement towards trade tariffs around the world and I'm fearful of what this means globally," Gartman said.
Financial markets across the globe were pricing in a victory for the former secretary of state, the GOP retaining control of the House and the Democrats clinching a majority in the Senate. The outcome, however, sent shock waves through all asset classes.
Dow futures traded about 280 points lower at 4:52 a.m. EST after briefly falling more than 800 points. In currencies, the hit a record low against the U.S. dollar. , largely seen as a safety trade, posted their biggest rally since late June, when the United Kingdom voted to leave the European Union.
The U.S. stock market quickly bounced back from its sharp post-Brexit losses, trading at new all-time highs in August. Gartman, however, does not expect another similar bounce.
"I think this is something far more serious and far more onerous," he said. "We're the United States; we're not the U.K. We are far more important in world trade than the U.K. could be or has been. I think that the movement towards rising tariffs and greater movements away from free trade towards populism is a philosophy that is catching on around the world."
— CNBC's Everett Rosenfeld contributed to this report.