The deal between the White House and Democrats would raise the debt ceiling for two years and permanently end the sequester.Politicsread more
"Whether it's this year or next year, the odds of another economic downturn are high — and growing," Warren says.Politicsread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Trade tensions that could lead to layoffs and a pullback from consumers are at the center of the recession case.Economyread more
Microsoft and OpenAI announced a new partnership to build artificial general intelligence to tackle more complex tasks than current AI.Technologyread more
There's a reason the film industry doesn't measure the success of modern movies against those of the past — movie ticket inflation isn't an exact science.Entertainmentread more
A US judge presiding over multidistrict litigation alleging J&J's talc baby powder causes ovarian cancer starts hearing from experts Monday.Health and Scienceread more
Investors with $1 million or more in the market expect the pace of stock market gains to slow over the remainder of 2019. But these wealthy self-directed brokerage account...Investingread more
Air-conditioner maker Lennox International pointed to colder weather as a key reason for cutting guidance and underperforming in the second quarter.Marketsread more
Shares of Praxair jumped more than 5.5 percent in morning trade Tuesday after confirmation the U.S. firm was in talks for a potential merger with German industrial gases group Linde.
With those sharp gains, Praxair led advancers in the S&P 500 materials sector, the only positive sector in morning trade. The stock later pared its gains, ending the day up about 2.75 percent.
Both the the U.S. and German firms confirmed in releases Tuesday they are in preliminary discussions regarding a potential merger. On Monday, Reuters and The Wall Street Journal had reported on the merger talks based on sources familiar with the matter.
"These discussions are ongoing and have not resulted in any concrete results or agreements yet. Accordingly it is currently not foreseeable whether there will be any kind of transaction," Linde said in a release. Shares of Linde were more than 10 percent higher in late-session trade in Frankfurt.
A combination of the two companies could face challenges from regulators as major deals have recently fallen apart due to antitrust concerns.
But Linde already has a strong position in health care in North America, where the firm supplies gases to hospitals and patients with respiratory disorders. Praxair is more focused on industrial on-site production, which means a market share of close to 50 percent resulting from a merger should not spark opposition from U.S. antitrust regulators, analysts in a Reuters report said.
—Reuters contributed to this report.