Chinese vice commerce minister said Monday that Beijing would like the U.S. to cancel "inappropriate" actions against Chinese companies.China Economyread more
Sixteen Asia Pacific countries have been negotiating the Regional Comprehensive Economic Partnership since 2013, with India's reluctance to open up its markets a major...Asia Economyread more
The secretary of State said he was traveling to Saudi Arabia and the United Arab Emirates to make sure that the U.S. is "strategically aligned" with its allies.Politicsread more
Experts say Facebook's cryptocurrency project Libra has been a catalyst for the price of bitcoin going higher.Technologyread more
Goldman Sachs helped state firm 1MDB to raise $6.5 billion in 2012 and 2013, and collected higher-than-typical fees of $600 million for the deals.Financeread more
Value investing has become increasingly irrelevant thanks to central banks and technology, according to AB Bernstein.Investingread more
Indonesian Trade Minister Enggartiasto Lukita said all 16 countries negotiating a mega Asia-Pacific trade agreement should remain in the framework.World Economyread more
Stocks in Asia Pacific traded mixed on Monday afternoon, while oil prices continued to rise as tensions between the U.S. and Iran lingered after the latter shot down an...Asia Marketsread more
His comments come after a series of rapid escalations between Washington and Tehran.World Politicsread more
The U.S. is provoking Iran and growing risks of miscalculation could lead to a "world war," according to Malaysia's Prime Minister Mahathir Mohamad.World Politicsread more
Trump's comments come after he called off strikes against the Islamic Republic this week over concerns that a military response would kill scores of people.Politicsread more
There is a "major bottom" approaching in the stock market, Raymond James' chief investment strategist, Jeff Saut, told CNBC on Tuesday.
The firm's short-term proprietary model gave a sell signal on Oct. 2, he said, prompting it to sell short-term trading positions.
Now that model is "targeting mid-November as the first logical place for a major market low and the beginning of the year-end rally," Saut said on "Closing Bell. "
U.S. equities closed higher Tuesday but have had a rough month.
The Dow Jones Industrial Average is down nearly 6 percent for October, its worst performance since May 2010. The is off by 7.9 percent, its worst month since February 2009.
Saut said the sell-off has been about China, midterm elections and the Federal Reserve having a more hawkish tone.
Earlier this month, Fed Chairman Jerome Powell said rates are a long way from neutral. That led to concerns about rising rates and inflation, resulting in a sell-off
However, he called the fear of the Fed an "overreaction."
"Stocks are cheap and I do think they are going to bottom here in the next few weeks," he said. "After raising cash at the beginning of October, we're looking to put that cash back to work."
He specifically likes technology, energy and financials even though they have been disappointing. He doesn't like utilities or consumer staples.