The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The of my latest book, "A History of the United States in Five Crashes," was the realization that each of the five modern stock market , beginning with the Panic of 1907 and ending with the Flash Crash of May 6, 2010, exhibit astonishing similarities that we should be alert for. This doesn't mean another crash is imminent. In fact, it's probably years off. But less than two years passed between the meltdown of 2008 and the Flash Crash of 2010 and another crash is inevitable while we hope it is far off.
The market always rallies strongly before a crash – this is easy to recognize. The other similarities are camouflaged by changing circumstances but include the appearance of some external catalyst – the San Francisco earthquake of 1906 led to the Panic of 1907 when the rebuilding of the financial capital of the western United States vacuumed up liquidity around the world – and the appearance of some new financial contraption that is poorly understood and untested under stress and which injects leverage into a system that is on the ragged edge of equilibrium, pushing it into chaos. In 1987, that contraption was portfolio insurance; in 2008 it was the alphabet soup of mortgage-backed securities; and in 2010 it was algorithmic trading.