Stock futures are surging after the Fed signaled interest rate cuts may begin as early as July.US Marketsread more
The billionaire investor believes the stock market is in a "zone of fair value" at current levels.Marketsread more
The Federal Reserve may be on its way to delivering a half-point interest rate cut next month, according to Goldman Sachs economists.Economyread more
However, Slack chief Stewart Butterfield says, "The broader world of email will stick around."Technologyread more
Crude oil prices jump on news of the attack, which Iran says happened over its territory.World Politicsread more
Apple is considering moving some production from China as it is expected release of its new iPhone line this fall, The Wall Street Journal reported.Technologyread more
Workplace messaging firm Slack is about to go public in a red-hot IPO market, but it's approach to going public--using a "direct listing"--is slightly different than an IPO.Trader Talk with Bob Pisaniread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
National Securities' Art Hogan sees the U.S.-China trade war as the market's biggest risk – not Fed policy.Trading Nationread more
The Philadelphia Federal Reserve's manufacturing gauge tumbled this month, solidifying the Fed's case for easier monetary policy.Economyread more
Declining traffic to Olive Garden, Darden's top restaurant chain, resulted in weaker-than-expected revenue for its fiscal fourth quarter.Restaurantsread more
Investment banker Ken Moelis told CNBC on Friday that it's "almost impossible" to get the boards of U.S. public companies to enter into China deals.
The tense Washington-Beijing relations are impacting large-cap stocks, the deal-making powerbroker said on "Squawk on the Street. " "What you're seeing in this volatility is a macro risk: China trade war, regulatory risk, nationalism, elections."
Against that backdrop, Moelis expects companies to be more strategic about their business decisions.
Moelis & Co. recently has drastically decreased its number of transactions from China. The founder said his firm did 15 in 2016, but over the past 12 months it's been "close to zero."
The U.S. and China are locked in a broadening trade and technology dispute, with billions and billions of dollars worth of tariffs slapped on each others goods and President Donald Trump threatening to enact tariffs on essentially all Chinese imports.
If Trump were to put duties on China's remaining goods, Goldman Sachs estimates it could lower U.S. companies' earnings estimates by 6%. "Tariffs pose a greater risk to company profit margins than do sales," said David Kostin, Goldman's chief U.S. equity strategist, in a note to clients last weekend.
Trump later Thursday said he predicts a "fast" trade deal with China, but gave no evidence. Talks between high-ranking officials in the two countries have stalled in the last two weeks, and both sides have placed blame on one another.
"Domestically in the United States there are more and more doubts about the trade war the U.S. side has provoked with China, the market turmoil caused by the technology war, and blocked industrial cooperation," Chinese Foreign Ministry spokesman Lu Kang said Friday.
Lu also denounced U.S. Secretary of State Mike Pompeo for his comments to CNBC, regarding alleged ties between China-based telecom giant Huawei and the Chinese government. "Recently, some U.S. politicians have continually fabricated rumors about Huawei but have never produced the clear evidence that countries have requested," Lu contended when asked about Pompeo's remarks the day before.
In the same CNBC interview, however, Pompeo did say he hoped negotiations between the two economic superpowers would continue.