The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Urban Outfitters reported earnings and same-store sales for the second quarter that beat analyst expectations, while revenue fell short.Retailread more
President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
Some Apple employees have become disillusioned with the group's culture, where some have thrived while others feel sidelined.Technologyread more
The United States does not have a defense against hypersonic weapons, which can travel at least five times the speed of sound, or a little more than a mile per second....Defenseread more
President Donald Trump renewed calls Tuesday to readmit Russia to the G-7 ahead of the group's summit in Biarritz, France, this weekend.Politicsread more
Biden has shown staying power at the top of a jammed Democratic field even as polling numbers for Sanders, Warren and Harris wax and wane.2020 Electionsread more
The FDIC on Tuesday votes to approve a five-agency revision of the post-crisis regulation known as the Volcker Rule.Financeread more
Icahn Enterprises increased its offer from $7 per share to $8 per share in a letter dated Friday and disclosed Monday by Federal-Mogul in a filing with the U.S. Securities and Exchange Commission.
The investment firm currently owns about 82% of the Southfield, Mich.-based parts maker, which said a special board committee will "carefully review and evaluate" the latest offer.
Read more from USA Today:
Wolff: What the Brexiters and Donald Trump have in common
Brexit: Polls show swing to 'Remain' as campaigning resumes
Man fatally shoots wife and newlywed neighbor who was trying to help
Although shares (FDML) are up 64% since Feb. 28, the day before Icahn's first offer was publicized, the latest bid is below the current market value for the stock. Federal-Mogul shares closed down 4% to $8.16 on Friday.
The move comes about six months after Federal-Mogul canceled its plans to split into two companies: one for powertrain operations and one for aftermarket parts.
Icahn recently prevailed in a bid to acquire Pep Boys-Manny, Moe & Jack, which has about 800 auto service and tire centers or super centers in 35 states and Puerto Rico.