The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
Investors might be wary that gasoline prices will continue to rise, and are looking to take back profits by selling off shares.Retailread more
The Trump administration move on California's auto emissions standards would likely set up a fight between the White House and the state.Politicsread more
"I feel really confident that defense-minded CEOs, when they are on defense, they're going to come to" flexible offices and away from traditional leases, Knotel CEO Amol Sarva...Commercial Real Estateread more
Fanatics has hired Michener Chandlee, Nike's corporate audit and chief risk officer, to become its chief financial officer, succeeding Lauren Cooks Levitan, CNBC has learned.Retailread more
The Federal Reserve has locked itself into a strategy to raise rates one more time this year despite whoever is leading the central bank, a global economist at UBS Wealth Management said.
"I think there's a realization that policy-makers are accepting we've got more normal economic growth, we've got more normal inflation, and they're going to tighten policy and that's filtering through to the bond markets," Paul Donovan told CNBC on Monday.
Data released in the U.S. last Friday showed that inflation rose 1.4 percent in May from a year earlier, below the Fed's target rate of 2 percent. Nonetheless, Donovan from UBS believes that the Fed will increase rates at least one more time this year, "but more importantly I think we've got a long-term quantitative policy tightening program coming through."
"If you get the wrong person leading the Fed then there is a problem. So what I think the Fed is doing is locking itself into a long-term strategy and then even if we get Ivanka Trump as head of the Fed next year, they've got a long-term quantitative policy exit strategy, which would be really difficult to overturn," he said.
The current head of the U.S. Federal Reserve Janet Yellen is due to conclude her term in January of next year. During his campaign, President Donald Trump criticized Yellen for keeping rates low for political reasons and said he would likely replace her.
Meantime, as central bank officials have shaken the markets with their comments over the past week, one chief executive told CNBC it's time to look at the real economy and pay less attention to their statements.
"I think I'd be watching less the central banks, because as we said not that much has changed, I'm watching more what's going on in the real economy. What's going on about earnings momentum, is that earnings momentum that we had in the first half of the year going to stay up or is it going to flatten?," Lothar Mentel, chief executive officer at Tatton Investment Management, told CNBC.
The euro spiked last week after traders interpreted remarks by the European Central Bank President Mario Draghi as an indication that it's getting ready to reduce monetary stimulus. The bank's vice-president, Vitor Constancio, shortly after told CNBC that Draghi had not signaled any change in policy.
Mark Carney, governor of the Bank of England, also sent sterling higher last week, after stating that continued growth in the U.K. economy would eventually lead to an increase in interest rates.
Mentel also told CNBC that it shouldn't be news for the markets that central banks will tighten their policies. "What's news for the markets is to have these hawkish tones when actually the economy globally isn't going quite…as synchronized as it was before," he said.
"That nervousness of the markets is exactly why we've gone 5 percent equity underweight because we see them just overreacting to any piece of news that comes out because they feel highly valued," he added.
Mentel is overweight on European equities and underweight on U.S. stocks.