CNBC News

On the fourth day of James Comey’s promotional blitz for a blockbuster book, Christopher Wray was quietly engaged in another kind of advocacy. Last week at a ceremony honoring community leaders, the new FBI director started by lauding the agency he leads. “I believe in the work of this organization,” […]

Trade tensions between the United States and China exploded last month as the countries started threatening each other with new tariffs. The Trump administration is looking to stop what it calls unfair trade practices, targeting perceived imbalances, including alleged widespread intellectual property theft. The Commission on the Theft of American […]

Bitcoin rose to its highest level in more than a month as the broader U.S. financial markets sold off Tuesday. The digital currency was trading near $9,436 as of 4:21 p.m. ET, and has jumped nearly 20 percent in the past week, according to data from Coindesk. Bitcoin is coming […]

Rising costs and rising interest rates make for a bad brew for stocks. The 10-year Treasury yield rose to 3 percent Tuesday for the first time in four years. The psychologically important number sent ripples across financial markets because rising interest rates are a sea change for consumers and companies […]

There appear to be several things weighing on the market, but it isn’t this earnings season, closely followed trader Art Cashin told CNBC on Tuesday. “We’re maybe one-third of the way thru earning season and 83 percent of companies that have reported have easily beaten the estimates. And yet the […]

While the markets made a big deal about the 10-year Treasury hitting 3 percent Tuesday, a related issue is getting even more attention: commodity and wage inflation. Higher inflation expectations can drive up interest rates. On earnings calls Tuesday and in the last week, many companies have commented on higher […]

Something strange is happening in the stock market as big stocks are reversing sharply lower after opening higher Tuesday. Thirty stocks in the S&P 500 dropped more than 5 percent from their opening prices with many of the names concentrated in the industrial and technology sectors. The industrial stocks decline […]

Stocks fell on Tuesday as investors were left disappointed with the latest batch of earnings, despite strong performance. Meanwhile, interest rates jumped to levels not seen in years. The Dow Jones industrial average traded 584 points lower with 3M as the worst-performing stock in the index. The S&P 500 fell […]

Corporate America is well on its way to what could be a record-breaking profit season, and investors don’t really care. First-quarter reports so far are turning one of the market’s most time-honored truths on its head — that profits drive prices. Despite earnings growth of more than 18 percent and […]

President Donald Trump said Tuesday he does not think his choice to lead the Department of Veterans Affairs should stay in the confirmation process. But the president said he will leave the decision up to White House physician Ronny Jackson, whose planned confirmation hearing was delayed as senators look into […]