The EU opened a formal investigation into Amazon on Wednesday centered on how the e-commerce giant uses merchants' data.Technologyread more
Investors are keen to find out how looming interest rate cuts will impact the second biggest U.S. lender by assets.Financeread more
IAC is set to invest $250 million in Turo, a peer-to-peer car-sharing firm that is often referred to as the "Airbnb for cars."Technologyread more
Mortgage interest rates surged last week to their highest level in a month, and consequently homebuyers turned on their heels.Real Estateread more
One semiconductor stock has soared above the rest since spring, and one of its biggest cheerleaders sees a larger breakout ahead.Trading Nationread more
U.S. officials see the deal as a threat to NATO, for which Turkey provides the second-largest military.World Politicsread more
Google's services have been blocked in China for several years, but the company still has a business there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
China may have signaled it's going more hard-line on trade, but it could be a good thing, former U.S. negotiator Clete Willems told CNBC.World Economyread more
Support for U.S. President Donald Trump increased slightly among Republicans after he lashed out on Twitter over the weekend in a racially charged attack on four minority...Politicsread more
A key read on the industry, the Architecture Billings Index, fell into negative territory in June, according to the American Institute for Architects. Inquiries for new...Real Estateread more
While the vote served as a show of solidarity for Democrats, it recommended no substantive penalty against Trump.Politicsread more
Wall Street believes a rate cut next month is a virtual certainty, with 38.5% odds on a 0.5% move and 61.5% odds on a 0.25% move, according to the CME FedWatch tracker.
"I'm leaning in the area ... that a July cut could be a 50-basis-point cut," said Cashin, UBS' director of floor operations at the New York Stock Exchange.
Central bankers voted last week to keep rates steady but indicated a cut was possible later in the year if factors such as the U.S.-China trade war were to really hurt the economy.
Fed Chairman Jerome Powell said at his post-June meeting news conference, "As always, we will act as appropriate to sustain the expansion, with a strong labor market and inflation near our" 2% objective.
The Fed generally likes to move rates in 0.25% increments, including the four hikes of that magnitude last year, bringing the fed funds overnight lending rate up to a target range of 2.25% to 2.5%.
The last time the Fed moved rates by more than 0.25% was in the dramatic cutting cycle of 2008, when central bankers were trying to boost the economy during the financial crisis.
At the end of 2008, the fed funds range stood at 0% to 0.25%, where it had stayed for seven years before incremental hikes started in December 2015.
On CNBC's "Squawk on the Street," Cashin said Monday that trade tensions between Washington and Beijing, which appear to be putting a drag on economic growth, are one of the main motivators for the Fed to cut rates.
Investors will be following President Donald Trump's meeting with Chinese President Xi Jinping at the G-20 summit in Japan later this week, where the two leaders are expected to reengage in trade talks under the threat of more levies.
Cashin said the markets would react to any positive comments on the trade front, but he admitted it's a "big leap" to get a trade deal because tensions have only been increasing lately.
Last week, Cashin warned the U.S. economy could be headed for a "borderline recession" by the fourth quarter if a trade deal were to remain elusive.