Oil jumped 6% on Thursday after Iran shot down a U.S. military drone, prompting President Donald Trump to blast Tehran on Twitter.Energy Commoditiesread more
For doubters thinking the rally is just a last gasp of the decade-long bull market, chart analysts are here to prove them wrong.Marketsread more
The billionaire investor believes the stock market is in a "zone of fair value" at current levels.Marketsread more
"I think there's a deceleration in the economy to the point where the railroads, the airlines, the companies, the lenders are all admitting that there's deceleration," says...Investingread more
However, Slack chief Stewart Butterfield says, "The broader world of email will stick around."CNBC Disruptor 50read more
Apple said in a letter released Thursday that tariffs could hurt its ability to compete globally.Technologyread more
Stocks rose sharply on Thursday after the Federal Reserve hinted at possible interest rate cuts as soon as next month.US Marketsread more
Trump tweets after an Iranian surface-to-air missile shot down a U.S. military surveillance drone in what the U.S. calls an "unprovoked attack."Politicsread more
National Securities' Art Hogan sees the U.S.-China trade war as the market's biggest risk – not Fed policy.Trading Nationread more
The last few years have seen a surge of interest in plant-based burgers, but a few restaurant chains remain on the sidelines.Restaurantsread more
The Federal Reserve may be on its way to delivering a half-point interest rate cut next month, according to Goldman Sachs economists.Economyread more
The era of low volatility is over and it's stock market investors who will have to pay, "bond king" Jeffrey Gundlach said Wednesday.
Rising bond yields and the plunge in cryptocurrencies like bitcoin are providing signs that have led Gundlach to expect stocks to end the year in negative territory.
The DoubleLine Capital founder conceded that his bet against the market suffered in December and January, "but it was so obvious to me that bitcoin is the dot-com of our world today, and this mania is so similar to where we were in 1999."
In addition to betting against stocks generally, Gundlach has been long equities in his flagship fund as he expects the return of volatility to change the investing landscape.
"We're in a volatility regime that is completely, obviously different from what we experienced in 2017. It's payback time," Gundlach told CNBC's "Halftime Report " in an interview. "2017 was the easiest investment year of all time. The risk-adjusted returns for the stock market were probably the best in history."
Rising government bond yields have put pressure on stock prices, he said. Specifically, a 2.63 percent yield on the benchmark 10-year Treasury note marks a line in the sand for stocks, which are currently in correction territory.
"The stock market can't take higher bond yields," he said.
Gundlach spoke on a day when stocks tumbled at the open but regained most of their losses through the course of the day. The S&P 500 and Nasdaq briefly turned positive in afternoon trading, while the Dow industrials remained negative.
Volatility has indeed surged in 2018 after lingering around historic lows in the previous year.
One sign Gundlach pointed to is bitcoin — the cryptocurrency had peaked in 2017 along with stock prices, while its slumps this year have preceded downturns in stocks.
"Bitcoin very clearly leads risk assets," he said.