More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Target CEO Brian Cornell apologized to customers for a disappointing weekend after the company experienced outages that shut down its cash registers and credit-card processors...Retailread more
American Airlines is ordering Airbus' new A321XLR, according to a source familiar with details of the agreement.Paris Air Showread more
Companies are increasingly willing to pay for employees to go to the doctor. Uber is partnering up with Grand Rounds, a start-up that sells into the employer channel, to make...Technologyread more
Huawei CEO Ren Zhengfei tells CNBC the company's business is still strong in China.Technologyread more
Here are the biggest calls on Wall Street on WednesdayInvestingread more
The pilots union for Southwest Airlines says it will ask Boeing for compensation to cover legal costs and lost income for pilots due to the 737 Max grounding.Airlinesread more
Amazon announced an all-new Kindle Oasis on Wednesday morning with a feature that lets you adjust the screen to warmer tones for easier reading at night.Technologyread more
But BlackRock's global fixed income chief also says he doesn't think the Fed will announce a rate cut until July.Market Insiderread more
Panera Bread has been testing a menu specifically for dinner and plans to expand the pilot to a new market next month.Restaurantsread more
Investors are pulling billions from the stock market, and for widely followed strategist Jim Paulsen, that's a good sign.
For 10 straight weeks a total of $30 billion has left U.S. stocks, according to a recent report by Bank of America Merrill Lynch. It marks the longest streak of outflows since 2004.
"I really like the fact that there is quite a bit of bearish indication among most out there, or at least a high degree of caution, which I think allows this market a foundation to continue to climb a wall of worry," the chief investment strategist at the Leuthold Group said in an interview with CNBC's "Power Lunch " on Friday.
Michael Jones, chief investment officer at RiverFront Investment Group, agrees that this kind of sentiment is what gives the bull market some additional life.
It's when there is euphoria and money pouring into the market that bull markets typically end, he told "Power Lunch."
"We've had a good earnings season and that's helped address some of the stretched valuations," Jones said. "And importantly, when you've got a strong trend and pessimistic investor sentiment that's been a really good sign for returns over the next 90 days or so."
He believes the pessimism stems in part from the "fairly anemic" economic growth, which makes people feel uneasy.
However, Jones pointed to the fact that recent data from the San Francisco Federal Reserve shows the underlying wage growth for people in the workforce is now at about 4 percent.
"That's suggesting that we're finally starting to get a better underpinning to the overall economy. Better growth will mean better attitudes on the part of investors," Jones said.
— CNBC's Evelyn Cheng contributed to this report.