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
The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread 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
Here's CNBC review of the Apple Watch Series 5, which makes a step forward with an always-on display and a useful compass that can help you find your way on Apple Maps.Technologyread more
On Sept. 18, Capital One and Walmart announced the launch of the Capital One Walmart Rewards Credit Card Program, which offers two new cobranded credit cards. Here's a break...Moneyread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
In an apparent setback for Prime Minister Benjamin Netanyahu, exit polls show the Israeli leader has fallen short of securing a parliamentary majority with his hard-line...World Newsread more
President Donald Trump doesn't want war with Iran — but Tehran seems inclined to "test the Trump administration," says Gerald Feierstein, a former U.S. Ambassador to Yemen.Oilread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
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
"We on the Global Equity Strategy team believe that the dollar is likely entering a long-term bear market," Andrew Garthwaite, Credit Suisse's managing director and global equity strategist, said in a note with a team of analysts Tuesday.
"Independent of their sector, we like US corporates with significant euro exposure that are Outperform-rated by CS analysts. Of these companies, Alexion, Gilead, McDonald's, Activision Blizzard and Carnival have positive earnings and sales momentum," the report said.
US companies with significant European exposure that are rated outperform by Credit Suisse
Source: Credit Suisse
Another stock on the Credit Suisse list of Europe-exposed stocks, Priceline, hit an all-time high Tuesday.
Over the next 12 months, Credit Suisse's FX strategists expect the U.S. dollar to weaken the most against the and the Japanese yen, falling 3 percent against each, in contrast to a 2.5 percent decline for the overall U.S. dollar index. The index tracks a basket of global currencies, of which the euro has the greatest weight at more than half.
Garthwaite estimates every 10 percent decline in the U.S. dollar index adds about 5 percent to U.S. earnings per share since about 42 percent of S&P 500 sales come from overseas. A weaker dollar makes U.S. goods cheaper for foreign buyers.
Within the S&P 500, Garthwaite pointed out the technology sector has the greatest overseas exposure at 59 percent of sales and the semiconductor subsector generates an even higher 82 percent of sales from outside the U.S.
"A weaker US dollar should be another tailwind helping technology to continue its outperformance," Garthwaite said.
Technology has climbed more than 23 percent this year as the top performer in the S&P 500 and the VanEck Vectors Semiconductor ETF (SMH) has gained 22 percent.
The U.S. dollar index has fallen to lows not seen in more than a year and dropped in July for its first five-month losing streak since 2011.
The euro has climbed to highs not seen in more than two-and-a-half years as euro zone economic data has improved and the European Central Bank appears ready to cut back on stimulus.
That said, the U.S. dollar index isn't a one-way trade lower. The currency index turned higher Tuesday to hit its highest in more than one week after the Bureau of Labor Statistics said job openings hit a record high in June.
The dollar remains more than 8 percent lower for the year.