Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
"It's not something that's likely to go away just because of the meeting that's going to happen on Saturday," said Shrikant Bhat, Citibank's regional head of investments for Asia Pacific and Europe, Middle East and Africa.
However, Bhat added, any effort to douse tensions — such as the U.S. postponing higher tariffs on Chinese imports that were due to take effect in January — will be seen as positive news for the markets.
On Thursday, Asia markets traded higher ahead of the crucial meeting between the two leaders, which many are hoping would help ease trade tensions between the two economic powerhouses.
In the U.S., stocks rallied and bonds sold off, spurred by remarks from Federal Reserve Chairman Jerome Powell who said Wednesday he considers the central bank's benchmark interest rate to be near a neutral level.
"Interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy — that is, neither speeding up nor slowing down growth," Powell said during a speech at The Economic Club of New York.
Some market watchers took his comments to mean the central bank could stop hiking rates sooner than it had previously signaled.
"There is definitely tailwinds here for the markets if this continues," said Bhat, referring to the Fed's indication of policy normalization.
Bhat said Powell's latest comments show he has neither committed to increasing or reducing interest rates, and that the Fed chairman "has kept the door open for a couple more hikes — that's not off the table as yet."
— CNBC's Saheli Roy Choudhury contributed to this report.