A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
"You need to understand that we're about to embark on the busiest week of the year for industrial earnings," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
The MTA reported that the 1, 2, 3, 4, 5 and 6 trains are all facing delays due to a network communications issue impacting service in both directions, NBC New York reports.Transportationread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
US officials including Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow will host a meeting at the White House on Monday of semiconductor and...Technologyread more
Trump's constant berating of the Fed and its actions does not influence the central bank's decisions, Boston Fed's Eric Rosengren says.The Fedread more
The lawsuits allege J&J's talc-based baby powder contained asbestos and caused ovarian and other cancers.Health and Scienceread more
The U.S. economy is heating up as the year progresses, with the second quarter pointing toward some of the gaudy growth that President Donald Trump predicted when he was running for office.
In its most recent forecast, the Atlanta Fed said the three-month period is tracking at a 4.6 percent gain, exactly double the 2017 rate and well above the 2.2 percent in the first quarter. If accurate, the growth rate would easily outdistance the 3.1 percent gain for 2017 in the same three-month period.
While running for president, Trump promised his policies would push the economy toward growth he estimated as high as 6 percent.
The Atlanta district raised its forecast after a report Friday morning indicating a stronger-than-expected inventory build that raised the forecast one-tenth of a point.
Other trackers indicate stronger growth as well, though the central bank's tracker is the most optimistic.
CNBC's reliable Rapid Update, which looks at readings from top economists, sees the second quarter coming in at a healthy 3.7 percent. The New York Fed's Nowcast is tracking a more muted 3.1 percent gain.
The buoyancy comes amid an economy operating close to full employment, with an unemployment rate at 3.8 percent, inflation still hovering at or below 2 percent, and business and consumer confidence strong.
The Federal Reserve is watching growth closely, and is likely to increase interest rates next week at its two-day policy meeting.
"Right now, there's no question: It's feeling strong. I mean, if we're in the sixth inning, we have our sluggers coming to bat right now," Buffett told CNBC, adding that "right now, business is good. There's no question about it."
"The way I look at it, there is nothing that is a real pothole," Dimon added. "If you look at how the table's set, consumers are in very good shape."