It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
It was the third trigger of the recession indicator in less than two weeks.Bondsread more
Overstock CEO Partick Byrne has resigned from the e-commerce company after making comments about his role in the "deep state."Technologyread more
Last quarter as Facebook struggled with data leaks and fake news scandals, insiders at the company were selling more stock than they typically do.Investingread more
Automakers are trying to deal with President Trump's efforts to roll back Obama-era fuel efficiency rules.Autosread more
These are the stocks posting the largest moves midday.Market Insiderread more
U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.Marketsread more
L Brands shares fell by as much as 12% at one point, touching $17.61 — a price not seen since December 2009.Retailread more
"The president is not backing down," says CNBC's Jim Cramer, referring to Trump's repeated calls for the Fed to cut rates while talking tough on China.Economyread more
The market rebound this week hasn't convinced the strategist predicting a "Lehman-like" sell-off that the risk is completely off the table.Marketsread more
Philadelphia Fed President Patrick Harker said he doesn't see the case for additional stimulus after the Federal Reserve's July rate cut.The Fedread more
Early Facebook investor and Trump supporter Peter Thiel weighed in on the Democrats taking on the president in 2020.
"I'm most scared by Elizabeth Warren," he said on Monday on Fox News' "Tucker Carlson Tonight."
"She's the one that's actually talking about the economy, which is the thing that matters most," Thiel told Carlson. He said the others were "equally unimpressive" as they all were embracing "one form of identity politics or another."
Noting that Google has called its research "a Manhattan Project for A.I," he added. "I would naturally think this would draw the attention of foreign intelligence agencies."
He also said he believes some Google employees ideologically think that the U.S. is worse than China.
Thiel has generally stayed out of the spotlight, but emerged in 2016 to endorse Donald Trump's presidential campaign and speak at the Republican National Convention, a rare move in Silicon Valley. Last year, Thiel donated to the Republican National Committee as Trump was gearing up for his re-election campaign.
He has also spoken out about Google's monopoly power in the past.
Facebook, which competes with Google for billions in online advertising dollars, is also under scrutiny for having too much power over the tech industry.
Representatives from both companies, alongside those from Apple and Amazon, will testify before the House Judiciary Committee about antitrust issues on Tuesday, and Facebook is also appearing before House and Senate committees this week to defend its plan to facilitate a new digital currency called Libra.