Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
J.P. Morgan says investors should remain guarded for the rest of August and wait until next month before buying stocks again.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
Wild market swings claimed plenty of victims last week, but Cornerstone Macro's Carter Worth says Home Depot is poised for a big breakout.Options Actionread more
The conglomerate's head of investor relations released a more detailed statement about accounting practices under fire from Harry Markopolos.Marketsread more
Investors should be careful not to buy or sell stocks based on last week's brief inversion of the yield curve in the bond market, CNBC's Jim Cramer warns.Investingread more
Goldman notes that high-dividend payers are trading at their largest valuation discount in nearly 40 years.Marketsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. Commerce Secretary Wilbur Ross said the U.S. will extend a reprieve given to Huawei that permits the Chinese firm to buy supplies from U.S. companies.Politicsread more
The sitting president stood by his pre-election warning that Trump — whom Obama called "gregarious" and somebody who "likes to mix it up" — could make some rash decisions in office. But he softened his tone on those dangers by likening Trump's alleged temperament issues with Obama's own "bad filing, sorting and organizing habits."
The solution to both of their problems, Obama suggested, is establishing a system and working with the right people.
"I think what will happen with the president-elect is there are going to be certain elements of his temperament that will not serve him well unless he recognizes them and corrects them, because when you're a candidate and you say something that is inaccurate and controversial, it has less impact than it does when you're president of the United States," Obama said.
"Everybody around the world is paying attention, markets move, national security issues require a level of precision in order to make sure that you don't make mistakes," Obama added. "And I think he recognizes that this is different, and so do the American people."
Obama also suggested that Trump could be well served during his tenure in the White House by his pragmatism — "as long as he's got good people around him and he's got a clear sense of direction."
But the president was not entirely optimistic about his replacement.
"Do I have concerns? Absolutely, of course I've got concerns. He and I differ on a whole bunch of issues," Obama said.