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
Any loans to Iran or engagement by the international community is "appeasement," the minister claimed.World Politicsread 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
Oppenheimer downgraded its rating of Tiffany shares to "perform" from "outperform" on Friday, saying "recent shifts in global currencies could weigh upon domestic sales to foreign tourists" for the luxury retailer.
The firm pointed to a chart comparing the Chinese yuan to Tiffany's sales in the U.S., saying the "devaluation of Chinese currencies could impact the buying power of Chinese tourists in the U.S."
Put simply, Chinese tourists will have less buying power at Tiffany's stores as their yuan holdings are converted into fewer U.S. dollars.
The Chinese yuan has fallen more than 5 percent against the dollar this year as trade relations between the U.S. and China intensify. The U.S. has slapped tariffs on billions of dollars worth of Chinese goods, to which China has retaliated in kind. The yuan is also trading around its lowest levels in a decade against the dollar.
There is speculation China's government is allowing the currency to weaken as a way to boost their exports and fight back against America.
Shares of Tiffany fell 0.9 percent in premarket trading. The company's stock has risen over 31 percent this year as of Thursday's close at $137.10 per share.
Oppenheimer reiterated its price target of $145 per share, despite the downgrade in rating. The firm says it looks "very favorably upon longer-term prospects for" Tiffany but the possibility of the U.S. trade war with China claiming its next victim serves as a large near-term risk to the stock.
– CNBC's Fred Imbert contributed to this story.