Many investors and analysts have increasingly lowered their expectations for the U.S. and China to find a quick resolution.World Economyread more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up in Friday afternoon trade as a series of developments overnight on the U.S.-China trade front dampened hopes of a deal being reached between...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
The United States must make it easier to encourage legal immigration if it wishes to see the economy grow, JPMorgan strategist David Kelly told CNBC on Friday.
"We have a labor force problem," Kelly said on "Squawk on the Street." "That's part of what's slowing the labor side of the economy down. We just don't have enough people available and ready to work. So we need to make sure we have strong growth in legal immigration to help our labor force grow."
Growth in immigration likely won't happen anytime soon. After a crackdown on illegal immigration, President Donald Trump last month supported legislation by Republican senators to cut legal immigration by more than 50 percent over 10 years.
But some economists say such a bill could actually hurt Trump's plan to grow the U.S. economy.
As early as Friday, Trump also may rescind the Obama administration's "dreamer" policy, which protects from deportation nearly 800,000 immigrants who entered the country illegally as children.
According to a closely watched government report Friday, the U.S. economy created 156,000 jobs in August, less than the 180,000 expected by economist surveyed by Reuters. In addition, the latest report revised downward the totals for new jobs for June and July.
Kelly said the report shows the economy is "stuck in second gear" in some places, such as the labor market, but he thinks the economy is doing well in other areas.
He also said investors will get some sort of tax cut by the Trump administration this year. The promise of business-friendly legislation by Trump is partly responsible for the stock market's rise since the election, some analysts say.
Kelly said the Federal Reserve will likely hike interest rates in December.
But Wells Fargo Securities economist John Silvia said on the show that the destruction caused by Hurricane Harvey could put any Fed rate hike this year on hold. The Fed has already raised rates twice in 2017.
"It really looks more and more given Harvey, less and less of a chance of a Fed move in December," Silvia said.
Regardless, the central bank is still expected to begin reducing its $4.5 trillion balance sheet this year.