U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Boris Johnson will be meeting President Donald Trump to discuss a potential post-Brexit trade deal just as he tries to court EU leaders for a new withdrawal agreement.World Politicsread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Accountants in Hong Kong took to the streets on Friday to call for the government to accept five demands of the people, including the complete withdrawal of a now-suspended...China Politicsread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The office has long been a breeding ground for budding romances. But actively going into business with your other half is another thing entirely.Successread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
The sell-off this week isn't the start of a major or prolonged bear market, but rather, simply a correction, experts said on Friday.
Markets over the last few days have plunged, with U.S. stocks posting their worst two-day stretch in eight months. The three major indexes — the Dow, the S&P 500 and the Nasdaq Composite — all fell more than 5 percent between Wednesday and Thursday. Asia markets followed suit on Thursday, with mainland China markets tumbling more than 5 percent, and Japan's Nikkei index falling almost 4 percent.
Despite those moves, financial services firm Barings said in a note that there's no cause for panic yet.
"The sharp sell-off we are seeing in the market has left a lot of folks wondering if this is the beginning of the end. Investors shouldn't panic," said Christopher Smart, head of macroeconomic and geopolitical research at Barings.
"So far, it has the feel of a temporary correction that will take some of the excess air out of tech stocks," he said. This year, shares of technology companies have outperformed other sectors, but were hit hard by the losing streak on Wall Street on Thursday.
That sentiment was echoed by asset management firm Amundi, which said that the "bear checklist is not yet flashing red."
"Economic indicators are still sound with growth above potential albeit slowing also in the US, while on financial market indicators, the picture is more scattered but not scary," Amundi experts said in a report.
Shane Olivier, head of investment strategy at AMP Capital, said "history tells us" a major bear market requires a recession in the U.S., but that is not happening.
American markets have over the last week been pushing stocks around the world lower. Still, experts painted a picture of a U.S. economy that is healthy, even if growth is expected to slow.
U.S. monetary conditions are "far from tight," said Olivier, with fiscal stimulus still in play and no signs of excessive market conditions that normally precede a recession.
"A US recession still looks a long way off and this in turn suggests that the trend in earnings and hence share markets is likely to remain up beyond the near term pull back," he said in a note.
The Amundi report also pointed out that signs, so far, do not suggest majorly exuberant conditions: Debt levels look healthy, and there aren't any initial public offerings with excessive valuations.
In fact, debt levels seem to be going down in the U.S., and there isn't too much debt in Europe, although some areas in emerging markets need to be watched, the report said.
Smart of Barings added: "Yes, there are signs of reflation in the United States with unemployment at record lows and wages rising, but inflationary expectations still seem muted and the Fed doesn't seem like it's behind the curve. "
Smart suggested that markets are reacting "emotionally," with U.S. President Donald Trump saying the Fed was "crazy" for continuing to raise interest rates, and tensions with China getting worse after a speech by Vice President Mike Pence.