Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread 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
A recent Fed survey showed that workers' confidence for finding a new job after losing their current position was at 61.5% in May.Economyread more
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
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step amid the budding hypersonic arms race between China and Russia.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
European aircraft manufacturer Airbus is betting travelers will want to fly long distances on smaller jets with the launch of its Airbus A321 XLR.Airlinesread more
The action reflects the evolving dynamic for U.S. companies that have done business with Huawei, which has been caught in the middle of growing U.S.-China trade tension.Technologyread more
The announcement comes after Trump blasted three countries because thousands of their citizens had sought asylum at the U.S. border with Mexico.Politicsread more
Deutsche Bank plans to dramatically reduce the size of its U.S. equities business, leaving only a skeleton operation in place to service corporate and high-net-worth clients,...Banksread more
Trump is a "good forecaster," said Kudlow, director of Trump's National Economic Council. "He has a lot of experience as a businessman and an investor; so he knows his stuff."
The president has been critical of the Fed's path on rate hikes under Chairman Jerome Powell, blaming the central bank for recent stock market declines and even GM's planned production and job cuts.
The central bank has raised rates three times this year and the market expects another one later this month.
In a speech last week, Powell appeared to walk back his comments on Oct. 3 that rates were a "long way" from so-called neutral. Powell said on Nov. 28 before The Economic Club of New York that rates are "just below" neutral, perhaps indicating that concerns about a more aggressive path higher for rates may no longer be warranted.
It appears the central bank will hike rates later this month, Kudlow said Friday, "but maybe no more for quite some time or maybe they won't move this month."
The stock market was under pressure in the past two trading sessions on concerns about rates in the midst of a possible economic slowdown and continued murkiness around trade relations with China. Stocks traded higher early Friday following the jobs report but were lower by midmorning. The Dow Jones Industrial Average wiped out most of a 785-point deficit Thursday, to finish down only 79 points.
The Wall Street Journal reported Thursday that Fed officials are considering whether to signal a wait-and-see approach after a likely interest rate increase later this month.