The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
U.S. stock futures were sharply lower Wednesday morning as the bond market flashed its strongest recession signal yet. The 2-year Treasury yield inverted and moved higher than the 10-year yield for the first time since 2007. The Dow Jones Industrial Average, S&P 500 and Nasdaq broke a two-session losing streak on Tuesday, in a strong rally on the Trump administration's announcement of delays and removals of certain items on the new tariffs that had been set to go into effect Sept. 1.
The inverted yields on the 2-year and 10-year Treasurys is an odd bond market phenomenon that's been a reliable indicator of economic recessions. Wall Street often pays special attention to the spread between the 10-year and the 2-year because flips in that part of the yield curve have preceded every recession over the past 50 years. A recession occurs on average 22 months following such an inversion, according to Credit Suisse.
The flight to the perceived safety of U.S. bonds accelerated in recent days as concerns about the global economy due to the U.S.-China trade war mount. On Wednesday, the Chinese economy showed more weakness as the U.S. tariffs appeared to be taking their toll. China's July industrial output rose 4.8% — slowest in 17 years. Retail sales growth in China was also weaker than expected last month.
China is accusing Democratic House Speaker Nancy Pelosi and Republican Senate leader Mitch McConnell of inciting chaos in Hong Kong. President Donald Trump wrote on Twitter that he "can't imagine why" anyone would blame the U.S. for "the problems" in Hong Kong. Anti-government protests in the Chinese territory crippled airport operations Monday and Tuesday.
Another sharp drop in mortgage rates, linked to declining bond yields, sent even more homeowners to their lenders hoping to save money on their monthly payments. Refinance applications soared 37% last week, according to the Mortgage Bankers Association's seasonally adjusted index. Total mortgage application volume jumped 21.7% last week compared with the previous week. Mortgage rates have plateaued this week, despite continued turbulence in international markets.