The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
It's about time to write off high-growth tech stocks, Goldman warns, saying software carries the highest multiples since the tech bubble.Marketsread more
Iran will surpass the internationally agreed levels of its low-enriched uranium levels in 10 days, the country's atomic energy body said Monday.Politicsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
Boeing says the airline industry will need 44,000 new commercial airplanes by 2038. The market value of those planes would reach $6.8 trillion, up from $6.49 trillion...Airlinesread more
Apple is reportedly building three new iPhones for 2020, including two with 5G. It may also slightly change the screen sizes of the new iPhones.Technologyread more
Sotheby's announces it has signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.Marketsread more
Overall, extortion by email is growing significantly, according to the FBI's Internet Crime Compliant Center (IC3). Last year, these complaints rose 242% to 51,146 reported...Technologyread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
Target's nationwide cash register meltdown over the weekend created more than $16 million in buzz on the internet from news reports and other social media mentions, according...Retailread more
Former Federal Reserve Chair Janet Yellen said Tuesday that more interest rate hikes are needed in order to avoid the economy running too hot.
"At this point, a couple more interest rate increases are necessary to stabilize growth at a sustainable pace and stabilize the labor market so it doesn't overheat," Yellen told CNBC's Steve Liesman at the Charles Schwab Impact conference in Washington, D.C.
Yellen also said she sees the fed funds rate averaging about 3 percent over the next 10 years. In order to get there, the Fed would have to hike three more times.
The central bank has increased rates three times this year and is mostly expected to raise rates once more in December. But the Fed has been heavily criticized by President Donald Trump for tightening monetary policy from historically accommodative levels.
Trump said on Oct. 10 that the Fed "has gone crazy" by raising rates so much in 2018.
Yellen disagreed with Trump's view on Tuesday, "The president obviously has the right to express his opinion," she said. "I think it's appropriate for the Fed to raise rates a bit more."
The former Fed Chair also warned that the president's comments could be detrimental to the U.S. "It's been recognized that economies function better when central banks are allowed to make policy independently based on goals and objectives set by Congress."
Yellen acknowledged there is a risk the Fed would tighten too much and send the economy into a recession but that risk is far off. "2020 (is) more likely time to see that risk," she said.
— CNBC's Hailey Lee contributed to this report.