But the bank's net interest margin, a key metric of bank profitability, falls short of expectations.Financeread more
If the S&P 500 climbs another 4%, it will have doubled the peak reached in the previous bull market, Michael Santoli notes.Trading Nationread more
The EU opened a formal antitrust investigation into Amazon on Wednesday centered on how the e-commerce giant uses merchants' data.Technologyread more
Turo is a peer-to-peer car-sharing firm that is often referred to as the Airbnb for cars.Technologyread more
Ascending triangle patterns have been appearing across the stock market, and they tend to be precursors to higher prices, says Miller Tabak's Matt Maley.Trading Nationread more
Mortgage interest rates surged last week to their highest level in a month, and consequently homebuyers turned on their heels.Real Estateread more
U.S. officials see the deal as a threat to NATO, for which Turkey provides the second-largest military.World Politicsread more
Google's services have been blocked in China for several years, but the company still has a business there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
"The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited," Jim Cramer says.Mad Money with Jim Cramerread more
China may have signaled it's going more hard-line on trade, but it could be a good thing, former U.S. negotiator Clete Willems told CNBC.World Economyread more
Support for U.S. President Donald Trump increased slightly among Republicans after he lashed out on Twitter over the weekend in a racially charged attack on four minority...Politicsread more
Recent volatility could be a sign that the markets are about to turn higher, according to Jonathan Golub, chief U.S. equity strategist at Credit Suisse.
Golub, in a note to clients Monday, blamed the recent sell-off on what he dubbed "post-traumatic volatility disorder."
"It is not unusual for markets to remain jittery for some time — perhaps 2-3 months — following a spike in the VIX," the note read. The Cboe Volatility Index spiked as high as 25 this month.
But despite fears of a longer-term slowdown, Golub is still bullish.
When there's a "spike in volatility that you can't explain with a piece of news flow, the market pops back unless you have something really broken," he said in an interview with CNBC's "Fast Money " on Monday.
Golub pointed out that other metrics, such as liquidity, fixed-income market volatility and corporate earnings numbers all remain stable. Economic data is "not slowing towards a recession," he said.
Going forward, Golub said, the technology sector should be able to withstand any shifts in economic conditions because "the addressable markets are huge." However, sectors that "need the economy to drive" them forward, such as industrials, could fare much worse.
"I think we're going to get exactly what we got in February," when a volatility spike caused a sell-off but stocks rebounded to new highs later in the year, he said.
Golub said the could reach 3,000 once volatility settles. The index closed down 0.4 percent Monday to 2,755.88 as the financials sector dropped 2.1 percent. The Dow fell 0.5 percent, while the Nasdaq gained 0.3 percent, driven by Apple and Amazon.