Dow, S&P 500 will try to snap a 3-week slide as trade talks kick off

Stocks will try to regain their mojo next week as China and the U.S. hold long-awaited trade negotiations in Washington. The Dow Jones Industrial Average dropped 0.9% this week while the S&P 500 slid about 0.3%. Overall, the two averages posted their first three-week losing streak since August. Wall Street’s poor performance for the week …

CIA’s top lawyer made criminal referral about Trump over whistleblower’s complaint

President Donald Trump arrives to address the 74th session of the United Nations General Assembly at U.N. headquarters in New York City, New York, September 24, 2019. Carlo Allegri | Reuters Weeks before the whistleblower’s complaint became public, the CIA’s top lawyer made what she considered a criminal referral to the Justice Department about the …

Treasury watchdog reviewing handling of Trump’s tax returns

President Donald Trump during a meeting in the Oval Office of the White House, September 16, 2019. Al Drago | Reuters The Treasury Department’s internal watchdog is investigating how the department handled House Democrats’ requests for President Donald Trump’s tax returns, CNBC confirmed Friday. Ways and Means Committee Chairman Richard Neal, D-Mass., asked acting Inspector …

Consumers holding up economy, as trade issues weigh it down

It’s trade policy, not Fed policy, that’s slowing economic growth, Loretta Mester, president and CEO of the Federal Reserve Bank of Cleveland, told CNBC on Friday. “Global growth is slowing, trade policy has created uncertainty and tariffs have an impact as well,” she said on Closing Bell. “Those factors really account for some of the …

Netflix should buy TV maker to compete in streaming wars

As the streaming wars heat up and competitors look for advantages, Netflix and Apple should consider buying a TV manufacturer, consumer marketing expert Matt Britton told CNBC on Friday. “I think one largely missed element of this is the television itself,” Britton, CEO of consumer intelligence company Suzy, said on “Closing Bell.” “If I were a …

UAW sees ‘good progress’ on key issues to try to resolve GM strike

United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC The United Auto Workers union said on Friday it had made progress on some key issues as it works to try to reach a contract with General Motors to resolve a nearly …

Apple iPhone 6s service repair program announced

Tim Cook, chief executive officer of Apple Inc., right, speaks with Ryan Tedder, lead singer of One Republic, as other members of the band look on after a product announcement in San Francisco, Sept. 9, 2015. Apple is expected to unveil its iPhone 6s and 6s Plus. David Paul Morris | Bloomberg | Getty Images …

Expect firms to adjust forecasts to new tariffs

Earnings season is underway, but it’s in the “slow dribble phase,” CNBC’s Jim Cramer said Friday. The “Mad Money” host has just three earnings reports circled on his calendar in the week ahead, along with two analyst meetings he will be tuned in to. He warned that the stock market has a number of headwinds …

House Democrats subpoena White House in impeachment inquiry

U.S. House Democrats on Friday subpoenaed the White House for documents they want to see as part of their impeachment investigation of President Donald Trump. The chairmen of three House of Representatives committees said they want documents related to a July 25 phone call between Trump and Ukrainian President Volodymyr Zelenskiy that is at the …

Bernie Sanders released from hospital after heart attack

2020 Democratic U.S. presidential candidate and U.S. Senator Bernie Sanders speaks during a campaign event in West Branch, Iowa, August 19, 2019. Al Drago | Reuters 2020 presidential candidate Bernie Sanders was released from a Las Vegas hospital Friday, days after the Vermont senator suffered a heart attack, his campaign announced in a statement. Campaign …