Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
"The only thing that really worries me about the economy right now is what the Fed is doing," said Moore, co-author with conservative economist Art Laffer of the book "Trumponomics."
In a "Squawk Box" interview, Moore disputed the notion that the Fed needs to hike rates in order to create room for future cuts should a recession materialize. "The Fed is what's going to put us in the next recession if they keep raising rates," he warned.
The Fed holds its final policy meeting of the year next week, and it's expected to raise rates for the fourth time in 2018. But with developing signs of pockets of weakness in the economy and the recent turmoil on Wall Street, the market puts low odds on any hikes next year. After its September rate hike, the Fed had projected three increases for 2019.
Moore said the Trump tax cut, which he helped craft, was designed to boost wages. "[But] as soon as we get the wages up, the Fed says, 'Oh my God, that's inflationary! We have to pull back on the money supply.' How are we ever going to get wages up in this country if every time we have a wage increase the Fed is pulling it back?"
Last week, Moore's "Trumponomics" co-author Laffer told CNBC he's actually a "huge fan" Powell, who was appointed by Trump. "I think he's done a great job in normalizing interest rates," said Laffer, formerly an economic advisor to Trump and President Ronald Reagan.