Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President 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
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...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
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
"The economy can turn down on a dime," Cramer said on "Squawk Box." "We saw it turn up on a dime, it's going down on a dime."
The Fed has already hiked rates three times this year, and one more is expected in December. Earlier this month, Powell said rates are a long way from so-called neutral, a level neither accommodative nor restrictive to the economy.
U.S. stocks opened higher Thursday, rebounding from massive declines Wednesday, when the three major indexes dropped to their lowest closings in months: The S&P 500 and Nasdaq since May 3 and the Dow since July 6.
Cramer said Thursday that earnings aren't to blame for the market's recent downturn. He blamed the Fed as well as tariffs from the U.S.-China trade war. Late Wednesday, Cramer said said stocks are now starting to "build in the possibility" of profits being crimped by a worldwide slowdown.
"You can't have a sustained rally unless something changes in Washington," Cramer said Thursday. "Unless we resolve Washington, then all these great earnings are for naught."
But Cramer said Trump should "shut up" about Powell because the more the president criticizes, the more likely he would face resistance from the Fed chief in order to maintain the central bank's independence.