Health-care companies claim they are not threatened by Amazon's potential foray into the space. A recent lawsuit suggests otherwise.Technologyread more
It wasn't supposed to be this way: The 2017 tax cut and aggressive moves toward deregulation were supposed to pull the U.S. economy out of its glacial move higher.Economyread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Slack pursued an unusual direct listing, meaning it did not have banks underwrite the offering.CNBC Disruptor 50read more
President Trump says Iran may not have intentionally downed an unmanned U.S. surveillance drone.Politicsread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social Capital.Technologyread more
The road to the Fed's policy pivot to lower interest rates began in early May, with a tweet from President Trump on trade.Market Insiderread more
See which stocks are posting big moves after the bell on June 20.Market Insiderread more
Chairman Jerry Nadler, D-N.Y., said in a statement that lawyers for the Trump administration blocked Hicks from answering questions 155 times during the Wednesday hearing.Politicsread more
Jim Cramer says "you'll want to keep some powder dry so you can buy into weakness and get some real bargains."Mad Money with Jim Cramerread more
CNBC analysis using Kensho found that Disney, Verizon and Home Depot were some of the best performing Dow stocks in declining-rate environments.Investingread more
President Donald Trump said he disagreed with the Federal Reserve's decision to raise interest rates, and he said the Fed should do "what's good for the country," according to an interview with Reuters.
Trump told Reuters that he was "not thrilled" with Fed Chair Jerome Powell for raising rates. Asked whether the Fed should be more accommodating, he said, "I should be given some help by the Fed." The president said he would criticize the Fed if it continues to raise rates.
"I'm not thrilled with his raising of interest rates, no. I'm not thrilled," Trump said in the interview.
The president also said China is manipulating its currency and the Europeans are manipulating the euro, Reuters reported Monday. And he told the news outlet that he wasn't concerned about the potential for economic damage to Europe after the U.S. imposed tariffs on Turkey, saying "there will be no concessions" with Turkey.
Trump nominated Powell to succeed former Fed Chair Janet Yellen earlier this year. The central bank has raised rates five times since Trump took office, twice since Powell became Fed chairman.
Monday's comments come just weeks before the Fed meets again to consider rates. It is widely expected to raise them in September and possibly later this year.
It is unusual for presidents to openly criticize Fed chairs, who are supposed to be independent. But Trump already did so in an interview on CNBC earlier this summer. "These types of comments could be perceived to threaten the autonomy of the Federal Reserve," said Lindsey Piegza, chief economist at Stifel.
With a strong job market and economic growth humming along, the Fed has been working to push rates back up from historic lows a decade after it flooded the financial system with money to help it recover from the financial crisis. The Fed has long telegraphed its intention to raise rates back to a neutral level.
"This is by any measure this is a very solid U.S. economy, supported by fiscal policy, private solid spending," said Nathan Sheets, chief economist at PGIM Fixed Income. "By any theory of central banking, they need to move the rate back to neutral. There are many more risks if they fail to do that. There's a strong case for the Fed to act pre-emptively."
The comments on currency manipulation are also potentially sensitive, as officials from China meet with U.S. officials this week on restarting trade talks after a round of tariffs escalated tensions between the two countries. Trump told Reuters that he had "no time frame" for ending the trade dispute with China and that he does not anticipate much coming out of this week's talks.
— CNBC's Thomas Franck contributed reporting.
Read the Reuters story here.