Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia edged up Monday afternoon as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The hearing will now begin next Monday to allow time for the completion of a previous trial that revolves around former 1MDB unit SRC International, a Kuala Lumpur High Court...Asia Newsread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Trump's is due to visit Copenhagen early next month, when the Arctic will be on the agenda in meetings.Europe Politicsread more
As the first half of the year comes to a close, CNBC's "Halftime Report" surveyed Wall Street's strategists to find out where they think the stock market is headed in the second half.
A majority, 64 percent, predict the S&P 500 will rally at least another 5 percent from today's levels. The S&P 500 is up about 9 percent year-to-date. That means the S&P 500 could hit a record 2,550 by year-end.
The "Halftime Report" surveyed 23 Wall Street strategists in the last week. The S&P 500's average gain in the second half of the last 70 years was 4.2 percent, according to CFRA, so the group believes this year will be better than normal. The benchmark's average full-year gain was 8.6 percent since 1946.
Sixty percent of strategists said financials is their top sector pick for the second half. Bank stocks are currently one of the worst performing sectors this year. Fifty percent said technology, this year's best performing sector, will outperform in the next six months. Strategists are also optimistic about energy, health care and industrials.
The survey found that the sectors to avoid in the second half, according to Wall Street's experts, include utilities, staples, real estate, energy and telecom.
Strategists are split when it comes to growth and value investing. Fifty percent say growth and 50 percent say value will outperform in the second half. The S&P 500 Growth Index is up 14 percent this year and S&P 500 Value Index is up only 3 percent.
Five months into a Trump presidency, strategists are optimistic about the president's agenda. Sixty percent say we could see tax reform before the end of the year. Twenty percent say health care reform could be passed by year-end and 20 percent say neither will get accomplished this year.
Of course, the survey was taken before Tuesday's news that the vote on a health care bill would be delayed until after July 4th recess.