Democrats such as Elizabeth Warren had their eye on business and the working class during the first 2020 presidential primary debate in Miami.2020 Electionsread more
The issue over health insurance marked the first stark divide among the candidates, and sparked a heated back-and-forth between many of the candidates on stage.Politicsread more
Huawei's legal chief told CNBC that the company makes "solutions for civil use."Technologyread more
Four candidates mentioned China — but none of the Democratic contenders brought up trade in the debate.Politicsread more
In a strategy to draw attention away from Wednesday's Democratic debate, President Donald Trump's reelection campaign bought out YouTube's "masthead," the leading...2020 Electionsread more
The Federal Aviation Administration said on Wednesday that is has found an issue with the Boeing 737 Max that the manufacturer must address before it lifts the grounding...Airlinesread more
The collapse of the deal potentially ended Sinclair's hopes of building a national conservative-leaning TV powerhouse that might have rivaled Fox News.Mediaread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
These attacks have given the public the opportunity to examine the problems associated with ransomware, where corporations -- not obligated to disclose these attacks -- have...Technologyread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
Investors should be prepared for a "nasty" market correction in two months' time as central banks appear set to stick with low interest rates for longer than expected, a former prominent Credit Suisse research head told CNBC on Monday.
"I think earnings are OK, I think the economy is OK but I think interest rates are not going to end up going up that little bit faster than people think… and that will cause a market correction," said Giles Keating, chairman at the Werthstein Institute.
While Keating stressed that this does not necessarily mean the end of Europe's bull market, he did forecast a "nasty correction" in approximately eight weeks' time.
The dollar had slumped to its lowest level against the euro in more than two and a half years on Wednesday, as doubts about another Federal Reserve rate hike increased. St Louis Federal Reserve President James Bullard said he would be opposed to further U.S. interest rate increases and warned future hikes could hamper the central bank's 2 percent inflation target, Market news International reported on Wednesday.
Expectations for another Fed rate hike in December are around 48 percent, according to the CME Group's FedWatch tool.
Meanwhile, the European Central Bank (ECB) is widely expected to scale back its quantitative easing (QE) program in 2017. However, ECB President Mario Draghi said last month that there was still a long way to go before the central bank could call a halt to its economic stimulus program.
"I think a crash is still two years away… but I think a decent correction is two months away," Keating added.
When asked to quantify how much of a market correction investors should expect in the final quarter of 2017, he replied, "Call it 10 percent."
In contrast to Keating's projections, the closely watched Wharton finance professor, Jeremy Siegel, told CNBC last month that he could see plenty of reasons for the market to keep on rallying.
The perennial bull pointed to better-than-expected earnings and global growth as reasons for investors to remain optimistic.