Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
Markets in Australia and Japan looked set to open slightly lower as investors worried over trade tensions between the U.S. and China.Asia Marketsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy.Marketsread more
"The last thing I want is to put a date out there for lifting the grounding," said Dan Elwell, acting administrator for the FAA.Transportationread more
The charges allege he published secret documents obtained by former Army intelligence analyst Chelsea Manning, some of which included the disclosure of foreigners who were...Politicsread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
See which stocks are posting big moves after the bell on Thursday, May 23.Market Insiderread more
Sentiment is "not negative enough to trigger a huge rally ... unless we get some kind of real breakthrough with China," Jim Cramer says.Mad Money with Jim Cramerread more
Oracle co-founder Larry Ellison disclosed a $1 billion stake in Tesla in late December. It's now worth about $580 million.Technologyread more
A high-ranking Trump administration official reached out to at least one well-known investor for advice on markets after a recent drubbing for stocks, sources told CNBC.
The call took place after a sell-off on Christmas Eve, the worst day of Dec. 24 trading ever. The Dow Jones Industrial Average, S&P 500 and Nasdaq all dropped more than 2 percent Monday, as rumors swirled about President Donald Trump's desire to fire Federal Reserve Chairman Jerome Powell and Defense Secretary James Mattis resigned amid disagreements with the president. The major indexes then spiked about 5 percent on Wednesday.
The administration, which has judged Trump's success in part on stock market performance, is "determined" to boost equities, the sources said. The sources said the investor advised the official to tell the president to end his criticism of Powell on Twitter, stop administration turnover and reach a trade deal with China in order to help markets.
Trump celebrated a consistent rise for stocks during his first year in office. But markets have faltered this year amid a trade war with China, concerns about the Fed's four interest rate hikes and fears about slowing global growth. As of Friday morning, stocks were on track for their worst December since 1931, with the S&P down about 10 percent.
Trump has tried to blame market carnage on the Fed. Before the plunge Monday, the president tweeted that "the only problem our economy has is the Fed." He contended the U.S. central bank does not "have a feel for the Market."
The tweet followed the Fed's decision to raise the target range for its benchmark interest rate by a quarter point to 2.25 to 2.5 percent.
The Trump administration has denied that the president wants to fire Powell, the head of the independent central bank. It is unclear whether Trump even has the authority to remove the Fed chair.
— CNBC's Jacob Pramuk contributed to this report