The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week, the firm...Marketsread more
Shares of Beyond Meat jumped nearly 10% Monday, nearing its all-time high, on investor optimism ahead of its earnings.Food & Beverageread more
Carl Icahn thinks Occidental Petroleum's CEO got played by the Oracle of Omaha himself in the company's effort to buy Anadarko Petroleum.Investingread more
The U.S. Food and Drug Administration has approved the first generic copies of a popular, pricey pill for nerve pain. The agency on Monday said it approved nine generic...Biotech and Pharmaceuticalsread more
Starbucks is licensing its mobile and loyalty program technology in a deal that will give global franchisees the chance to offer the Starbucks mobile app to customers.Restaurantsread more
Despite the market's stumble into the new year, Wharton's Jeremy Siegel is predicting solid gains for stocks by the end of 2019.
The Wharton School finance professor is predicting an uptick of between 5 and 15 percent and "quite a good year" for equity markets.
"We went from a rosy view to now, 'Oh my God, there's going to be a recession,'" Siegel told CNBC's "Squawk on the Street " on Wednesday. "The truth will be somewhere in between, and that leaves the stock market very attractive now."
Based on valuation levels, Siegel said even if there is no earnings growth this year, "this is a cheap market." He did acknowledge the possibility of a recession dragging down markets, but he doesn't see that in the cards.
"There's been a wobble here, and that is what the market feels," Siegel said. "We'll be wobbling to a slowdown but not a recession."
The Federal Reserve raising interest rates has also been top of mind for investors. But Siegel pointed to the 10-year Treasury yield, which is around 2.68 percent, meaning fixed income still does not "pose a threat" to equities in competition for investors. And as long as that yield stays below 3 percent, he said, "the Fed is going to defer."
"I'm not concerned about the Fed," Siegel said. "With the 10-year at its level that we see now we won't see any increases."
The ongoing trade war between the U.S. and China has also been a source of investors' worry. On Wednesday, a private-sector survey showed manufacturing activity in the world's second-largest economy contracted for the first time in 19 months. But that weaker data out of China could signal that Beijing may be more willing to come to the bargaining table, Siegel said.
"They can't afford a big slowdown," Siegel said, adding that President Donald Trump cares about the stock market, so a deal will have to be reached to avoid major losses. "I think they're both motivated."