The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
Talks between the world's two largest economies have stalled after each nation lobbied higher tariffs on the other's imports.Traderead more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
A Chinese official in Hong Kong is urging the quick passage of legal measures to allow fugitives to be transferred to the mainland.China Politicsread more
GAC Motor said its delaying its launch in the U.S. but had no timeline when it could launch there.Autosread more
Shares in Asia were higher in Wednesday morning trade following a positive finish overnight on Wall Street, though trade tensions continued to linger between the U.S. and...Asia Marketsread more
See which stocks are posting big moves after the bell on Tuesday, May 21.Market Insiderread more
CBS plans to renew discussions for Starz with Lions Gate in the coming weeks, according to people familiar with the matter. If a deal happens, the remainder of Lions Gate...Technologyread more
Famed short-seller Jim Chanos shares his views on investing and betting against companies in an exclusive interview for CNBC PRO with Mike Santoli.
On the healthcare and medical services industry: "We believe pretty strongly that a sea change is happening in the U.S. health-care system. That we are embarked upon the ending of health-care inflation," he said.
"The days of just raising prices aggressively is coming to an end ... We found a number of companies that are aggressively gaming the reimbursement system to the detriment of us tax payers. I think those business models are going to be in a lot of trouble," the hedge fund manager added.
Chanos is founder and managing partner of Kynikos Associates, one of the largest short selling investment firms in the world. He is lauded for his prescient negative calls on Enron and Tyco.
The investor also discusses:
The interview is exclusively for CNBC PRO subscribers.