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For investors still haunted by last week's monster sell-off, the market's comeback is set to last, according to J.P. Morgan's quant guru.Marketsread more
A U.S.-China trade deal would be less likely if President Xi cracks down violently on the large-scale protests in Hong Kong, Secretary of State Mike Pompeo tells CNBC.Politicsread more
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The report was conducted by Senator Jon Kyl, R-AZ, and a team of lawyers who interviewed conservatives who use ans study Facebook.Technologyread more
Home Depot's CEO says the retailer cut its outlook partly due to "the potential impacts to the U.S. consumer arising from recently announced tariffs."Retailread more
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U.S. interest rates will keep falling and follow global interest rates all the way down to zero, hedge fund manager Kyle Bass said.Marketsread more
Financial advisers are always "buying at the wrong time and selling at the wrong time because they're emotional," the billionaire founder of Baron Capital says.Marketsread more
"We think the stock is appealing once again," J.P. Morgan says of Beyond Meat.Marketsread more
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Rep. Diane Black lost the hotly contested Tennessee GOP gubernatorial primary on Thursday, making her the fifth House Republican this election cycle to lose a primary for statewide office.
It's a potentially ominous sign for Republicans as the party fights to hold its majority in Congress this fall.
Black, who had been considered the favorite in the race to be the GOP nominee in the Tennessee governor's race, joins a chain of fellow Republican House incumbents in Trump states who lost primary bids for higher offices.
Reps. Luke Messer and Todd Rokita both failed to clinch the Republican nomination in Indiana's Senate race. West Virginia Rep. Evan Jenkins lost to state Attorney General Patrick Morrisey in his bid to face Democratic incumbent Sen. Joe Manchin this November. Republican Rep. Raul Labrador lost his gubernatorial primary in Idaho.
Republican Reps. Mark Sanford of South Carolina and Robert Pittenger of North Carolina, meanwhile, both lost their primary re-election bids.
Black, who had a shot at becoming Tennessee's first female governor, had forfeited the powerful Budget Committee chair position in the House in her bid for the governorship.
"It has been my greatest honor to serve our great state. My campaign for governor came up short, but I will not stop fighting for the conservative cause," Black wrote in a statement after her defeat Thursday.
Tennessee will remain one of 22 states to have never had a female governor. Three other women, two Republicans and one Democrat, were also defeated in the gubernatorial primaries for both parties.
While Black's bid fell short, Marsha Blackburn, her fellow Republican in Congress, did win her primary for statewide office. Blackburn easily won her party's nomination for the U.S. Senate race. She will face Phil Bredesen, a moderate Democratic former governor, in her bid to become the state's first female senator.
Black and Blackburn are two of 13 female members of the House who are not running for re-election for their current seats this year, which means there is a deficit to make up before counting overall gains for women in the House this year. Still, women made strides in the nominating process for House seats, with more than 29 percent of the total nominees, and at least 50 percent of the Democratic nominees, being women, according to Gender Watch.
In the governor's race, Black was widely seen as the front-runner for months, with plenty of personal financing and a hard-line conservative agenda that would bode well with conservative voters.
But unlike Blackburn, Black did not have President Donald Trump's endorsement.
The White House has proved its endorsements pivotal in some Republican primaries, but did not get involved in Black's campaign for governor. Black consistently aligned herself with Trump and lobbied for his support during her campaign, but the endorsement never came.
On Friday morning, Trump tweeted his congratulations to Bill Lee, the businessman who defeated Black in the gubernatorial primary.
"He ran a great campaign and now will finish off the job in November. Bill has my total and enthusiastic Endorsement!" the president wrote.