Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.Marketsread more
An Air Canada passenger traveling to Toronto from a weekend in Quebec City found herself stranded alone on the tarmac and in the dark, in what she described as a "nightmare."Airlinesread more
When Victoria's Secret exited the swimsuit business in 2016, it opened the floodgates for start-ups to conquer that market.Retailread more
Shopify debuts a new network to help it compete with Amazon.Marketsread more
White House advisor Peter Navarro — just hours after President Donald Trump blasted the Federal Reserve — doubled down Monday, singling out the central bank as the biggest threat to U.S. economic growth.
Appearing on CNBC's "Squawk on the Street," Navarro said the Fed should pause its interest rate hikes — not because growth is slowing, but because growth is strong with barely any inflation.
"We have zero inflation for all practical purposes" and strong economic growth, Navarro told CNBC's Rick Santelli. "The only argument I'm hearing for the Fed to raise rates now is somehow they have to exert their independence."
There are also calls from Wall Street for the Fed to stop hiking, but for reasons in sharp contrast with the administration's views, such as mounting evidence of pockets of weakness, particularly in housing.
Months ago, the president started pointing out that the Fed was "going too far, too fast," said Navarro, director of the White House Office of Trade and Manufacturing Policy.
Navarro said Trump was in good company on rates, citing a Wall Street Journal op-ed published over the weekend from legendary investor Stanley Druckenmiller and former Fed Governor Kevin Warsh. They urged central bankers to pause their "double-barreled blitz of higher interest rates and tighter liquidity."
"The time to be more hawkish was earlier in this decade," Druckenmiller and Warsh contended. "We believe the U.S. economy [now] can sustain strong performance next year, but it can ill afford a major policy error."
The Fed holds its final scheduled monetary policy meeting of the year Tuesday and Wednesday. A rate increase, which the market still expects, would be the fourth in 2018. After its September hike, central bankers projected three moves next year. The Fed will deliver an updated rate path Wednesday afternoon. Economists expect the path to be scaled back.
The Fed declined to comment on Navarro's interview and Trump's tweet.