Jerome Powell will "underwhelm everyone and not overwhelm anyone," one economist saysMarket Insiderread more
The unspecified action comes after the U.S. accused Iran of carrying out the weekend attacks on critical Saudi oil installations.Politicsread more
Oil prices retreated after President Donald Trump said he ordered the Treasury Department to "substantially increase" sanctions on Iran.Energy Commoditiesread more
Corporate executives and money managers have grown increasingly pessimistic about the economy as growth around the world slows.Trader Talk with Bob Pisaniread more
Mortgage applications to purchase a home increased 6% for the week and were a strong 15% higher annually.Real Estateread more
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased.Economyread more
Here's CNBC review of the Apple Watch Series 5, which makes a step forward with an always-on display and a useful compass that can help you find your way on Apple Maps.Technologyread more
The electric car manufacturer is offering auto insurance to its owners in California, with plans to expand to other states later on.Personal Financeread more
Facebook unveils the Portal TV, a streaming device that comes with a camera and microphones for making video calls via television.Technologyread more
Blackstone's Joseph Zidle predicts the Fed will cut rates but says Wall Street won't get what it wants, and stocks could fall as much as 20%.Futures Nowread more
Nobel Prize-winning economist Paul Krugman says bond market signals are flashing "a pretty good chance of a recession sometime in the next year or so."
He points out that China is struggling and Europe may already be in a recession.
But Krugman says it is unlikely that only one factor will cause the next financial downturn. The deflation of a tech bubble and corporate debt could also come into play.
While President Donald Trump boasts about the economy, Krugman insists U.S. GDP growth is not superb and simply within regular fluctuations.
Krugman says the average American cares less about GDP and more about their paychecks. Anemic wage growth, despite the low unemployment rate, is "something of a mystery." He also highlights the weakening of unions as a result of "policy choices" in the United States, which he says, can change.
Watch the video above to hear more about Paul Krugman's thoughts on the next recession.