Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Canadian trade union Unifor said roughly 4,500 of its members have been temporarily laid off because of the GM strike so far.Autosread more
"I really want to encourage competition because I think competition creates innovation, and when you create innovation everyone wins," Humana CEO Bruce Broussard says.Health and Scienceread more
The former top aide of retired United Auto Workers Vice President Joe Ashton, a former member of the GM's board, was charged Friday with conspiracy to commit wire fraud and...Autosread more
Stocks fell to their lows of the day on Friday on news that Chinese trade officials are cutting short their visit to the U.S.US Marketsread more
The wearables company has reportedly retained advisers to consider exploring a sale of the business.Technologyread more
Roku shares have more than quadrupled this year, but the stock has had some rocky days of late as more players jump into streaming.Technologyread more
Walmart is the latest to pull back from the industry. Federal regulators said they will soon ban flavored e-cigarettes, while some nations have outlawed the products...Health and Scienceread more
Legal experts say that California, which has pledged to sue, has a strong case that the administration's move is unlawful.Politicsread more
The two-day stock plunge is a buying opportunity before the market eventually rallies after the midterm elections next month, Wall Street veteran Byron Wien predicted on Thursday.
"I think we had to knock some of the complacency out of the market. God knows we're doing that right now," Wien, a vice chairman at Blackstone, said in a "Squawk Alley" interview. "I think this is a correction in an ongoing bull market."
U.S. stocks were falling in volatile trading Thursday, a day after the major indexes suffered steep losses sparked by concerns about higher interest rates and a sell-off in tech shares. The Dow plunged nearly 832 points, or 3.15 percent, on Wednesday in its worst one-session decline since February.
But Wien sees the market drop as a opportunity to load up on equities, saying he likes the health care, biotechnology, and industrial sectors. He's also looking at large-cap tech stocks. "Some of them have been knocked down pretty hard and they have open-ended earnings."
Wien issued in January his annual list of market predictions for 2018. Following a banner 2017 for stocks, he warned at the time, correctly as it turns out, the market would experience a correction this year.
In a prediction that's yet to play out, he said at the time he sees Republicans losing both the House and Senate in the November midterm elections.
Wien began the predictions list in 1986, when he was chief U.S. investment strategist at Morgan Stanley.
On Thursday, Wien said he's concerned about rising rates, predicting the 10-year Treasury yield will reach 3.5 percent. He didn't give a timeline. But he argued the stock market "can continue to move forward on that basis."
Wien also reiterated his prediction that there won't be another recession until at least 2021.
— CNBC's Fred Imbert contributed to this report.