Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
Investors are piling into gold, sending the precious metal to a six-year high, and analysts think the commodity has established a base to go even higher.Marketsread more
Apple's iOS 13 is coming this fall, but you can already try it on your iPhone with the new public beta. Here are some of the best hidden features.Technologyread more
The Conference Board, a business research group, on Tuesday released the June update for its consumer confidence index.Economyread more
Massachusetts Institute of Technology President L. Rafael Reif warned the MIT community of "serious long-term costs" to in an email to the school community Tuesday.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
The yield on the benchmark 10-year Treasury note falls below 2% as investors look for safety following the release of much weaker-than-expected confidence data.Bondsread more
Trump slams Iran on Twitter for issuing a "very ignorant and insulting statement" after the U.S. slapped fresh sanctions on Tehran.Politicsread more
On CNBC's "Squawk Box, " the chief economic advisor at Allianz predicted a 15 percent chance that Trump's approach would result in a "Reagan moment" in trade, especially with China. It would be similar to Ronald Reagan's tough stance against the Soviet Union during the Cold War.
"That would transform the landscape," El-Erian said. Reagan also engaged in aggressive trade policies, including quotas on Japaneses cars. Some analysts say the policies were mixed.
El-Erian gave a 25 percent chance that Trump's trade moves would spark a global trade war.
El-Erian, considered one of the world's most influential financial market thinkers, previously said he expects the U.S. will win the trade war, citing the performance of U.S. markets relative to China and others.
But he said Monday the real question for investors is "how much damage would we incur in the process of winning this?"
"I've said from day one, it's just a matter of time until other countries realize that their best approach is to collaborate with the U.S. and fix things that are broken," El-Erian said.