Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
A Bloomberg News report Tuesday morning said the White House had looked at such a move back in February.Marketsread more
Trump starts the campaign season in an unusual spot for a president: overseeing a strong economy but facing low approval ratings.Politicsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
The major Wall Street analysts say Facebook's Project Libra has a bright future.Marketsread more
These are the stocks posting the largest moves midday.Market Insiderread more
Trump went after Mario Draghi for opening the door to more monetary stimulus in Europe, which would weaken the euro relative to the dollar.Marketsread more
Democratic frontrunner Joe Biden on Monday appealed to a billionaire Republican donor for fundraising help in his presidential campaign. But the financier, Trump-supporting...Politicsread more
Shares of Beyond Meat soared 18% Tuesday morning, surpassing $200 per share and setting a new all-time high.Food & Beverageread more
U.S. stock index futures pointed to a higher open on Wednesday, after the publication of the ADP jobs report, which is viewed as an indicator of the all-important non-farm payrolls.
The Dow neared 17,000 in a record close and the S&P 500 closed at an all-time high on Tuesday as manufacturing activity picked up in the United States and Asia and boosted optimism over the health of the global economy.
June's ADP confirmed a strengthening jobs market by surpassing expectations.
Wednesday will also bring the Challenger U.S. job cuts report for June, May factory orders, weekly mortgage application numbers and oil inventories.
In an otherwise quiet week for policymakers, Federal Reserve Chair Janet Yellen's lecture at the International Monetary Fund in London at 11 a.m. ET on Wednesday will take much of the limelight. The speech is expected to center on dealing with instability in financial markets and hence we might not get specific policy direction.
In the corporate space, Constellation Brands will report quarterly earnings before Wall Street opens. Second quarter reporting season is due to kick off next week with numbers from Alcoa on July 8.
European auto stocks were boosted on Wednesday by U.S. data showing better-than-expected sales for major carmakers. German rivals BMW and Daimler both reported strong sales in the U.S. in June, after suffering a weak winter season.
Auto sales, coupled with a strong manufacturing reading from the Markit Purchasing Managers' Index (PMI), helped push the Dow and the to all-time highs on Tuesday. Asian equity markets remained boosted early on Wednesday by the positive sentiment.
However, developments in Iraq remain on the radar. The country's new parliament failed to elect a speaker on Tuesday, despite Washington urging the quick formation of a new government. The speaker is one of the three leadership positions, along with the president and prime minister.
The monthly non-farm payrolls report is due out on Thursday, having been brought forward because of the July 4 holiday. Economists polled by Dow Jones forecast that employers created 215,000 positions in June.
Microsoft is joining Qualcomm and its AllSeen Alliance in an alliance to establish standards for communication between household devices. The alliance has 50 other members including Panasonic, LG, and Sharp.
Rackspace Hosting shares jumped more than 8 percent premarket after TechCrunch reported the cloud service provider may take itself private and is in talks with a private equity firm to fund the deal.