Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
You can save money by doing a quick check and unsubscribing from apps you no longer use.Technologyread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread 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.