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
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
United Airlines will take its 14 Boeing 737 Max jets off its schedule for another month, through Aug. 3, canceling another 1,290 flights.Airlinesread more
Trade could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and the bond market, which is flashing new worries about...Market Insiderread more
Mississippi is one of several states that have moved to pass new restrictions on abortion this year.Politicsread more
Wall Street is testing the day-after-Thanksgiving lows of 24,268 on the Dow and 2,631 on the S&P, said the UBS director of floor operations at the NYSE.
"If they hold here, then you can make some credible point that we've tested a double bottom, and you could get a rally of some substance," Cashin said on CNBC's "Squawk Alley. "
"But if they slide through here, then you're going to look to test much deeper lows. Beyond this land there will be dragons," he added, paraphrasing an expression from ancient times about danger ahead.
Stocks were plunging for the second straight session Thursday on concerns about a possible economic slowdown and continued murkiness around trade relations with China. The Dow and S&P 500 could turn negative for the year if sharp losses Thursday were to hold at the close.
Cashin said the Federal Reserve is among the biggest sources of uncertainty in the market as the financial community debates on how many interest rates hikes could come next year.
In a speech last week, Fed Chairman Jerome Powell said rates are "just below" neutral, apparently walking back his "long way" from neutral remarks in October.
At its meeting later this month, the Fed is expected to increase rates for the fourth time this year. After their most recent hike in September, central bankers were projected to raise rates three times next year.