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
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
Trump went after Draghi for opening the door for more monetary stimulus in Europe, which would weaken the euro relative to the dollar.Marketsread more
Shares of Beyond Meat soared 18% in premarket trading Tuesday, surpassing $200 per share.Food & Beverageread more
UBS believes a rate cut from the Federal Reserve would do little to lift the market.Marketsread more
Investors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.Marketsread more
Canaccord Genuity's Tony Dwyer warns that If the Fed fails on Wednesday to signal a rate cut, the June rally could hit the skids.Trading Nationread more
Elon Musk has said that a brain-computer interface is 'coming soon,' but he is known for overly ambitious deadlines. Still, some of the boldest tech ideas are going to be...Technology Executive Councilread more
The yield on the benchmark 10-year Treasury note fell to its lowest level since September 2017 as the Fed began its two-day policy meeting.Bondsread more
White House and Justice Department officials "had been working on building a case against [Comey] since at least last week," according to the Times, which cited administration officials. The report said Attorney General Jeff Sessions "had been charged with coming up with reasons to fire him."
President Donald Trump fired Comey on Tuesday, telling him in a letter "it is essential that we find new leadership for the FBI that restores public trust and confidence in its vital law enforcement mission." In letters released publicly, Sessions and Deputy Attorney General Rod Rosenstein recommended that Comey be fired due to his conduct in the investigation into Hillary Clinton's handling of classified information at the State department.
Several lawmakers questioned the timing of Comey's removal because the FBI is investigating Russia's alleged interference in the 2016 presidential election, including any possible links between the Trump campaign and Moscow.
White House spokesman Sean Spicer said Trump had only received the memo from Rosenstein on Tuesday and decided to fire Comey based on it.
The White House did not immediately respond to CNBC's request to comment on this story, but Trump advisor Kellyanne Conway claimed to CNN on Tuesday that the firing "is not a cover up" and had "nothing" to do with Russia.
Three senior FBI and Department of Justice officials told NBC News that they had no warning or advance knowledge of Comey's dimissal. Some of the officials that spoke with NBC know Comey personally.
"I have said from the get-go that I think a special prosecutor is the way to go, but now with what's happened it is the only way to go," Schumer told reporters on Tuesday.
The White House said its search for Comey's successor begins immediately.
—CNBC's Christine Wang contributed to this report.