Mnuchin told CNBC that he's confident President Donald Trump and President Xi Jinping can make progress in stalled trade talks.World Economyread more
U.S. stock index futures jumped Wednesday morning after Treasury Secretary Steven Mnuchin told CNBC that the U.S. and China were almost there on a trade deal.US Marketsread more
President Donald Trump's administration hopes additional sanctions on Iran will force the country to negotiate.Politicsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Bitcoin surged as high as $12,919 in early morning trade Wednesday, to its highest level since January 2018.Technologyread more
AbbVie's deal to buy Allergan for about $63 billion is a "nice exit from a tough situation," RBC Capital Markets analyst Randall Stanicky says.Biotech and Pharmaceuticalsread more
Omada Health just raised $73 million at a valuation of around $600 million as it seeks to expand its digital health offerings.Technologyread more
Chevy is just rolling out an all-new version of its heavy-duty Silverado with the new High Country trim package that could become the first U.S. pickup to top $100,000, Chevy...Autosread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
Attorney General Jeff Sessions slammed Chicago and other sanctuary cities in a speech in Miami on Wednesday.
Sessions suggested politicians in Chicago have prioritized politics over safety. He read aloud murder and shooting statistics for Chicago, a city that has been plagued by gun violence. He compared them with statistics in Miami, a city he praised for revoking its sanctuary city designation.
"Respect for the rule of law has broken down" in the city, he said. "In Chicago, I suggest the so-called sanctuary policies are one sad example of that."
Chicago Mayor Rahm Emanuel struck back. In a statement, he said the Trump administration could "not have picked a worse time to resume their attack" on immigrants. President Donald Trump has been criticized this week for comments he made about a deadly white nationalist rally in Charlottesville, Virginia, on the weekend.
"Chicago will continue to stand up proudly as a welcoming city, and we will not cave to the Trump administration's pressure because they are wrong morally, wrong factually and wrong legally," Emanuel said.
Emanuel's administration sued Sessions' Justice Department earlier this month in response to its plan to cut federal funds from sanctuary cities. San Francisco and California have both filed similar complaints.
The U.S. Conference of Mayors will file an amicus brief in support of Chicago's lawsuit and will invite mayors across the country to do the same, CEO Tom Cochran said in a statement Wednesday.
"The U.S. Conference of Mayors stands with Chicago Mayor Rahm Emanuel and deplores the attacks which the Attorney General leveled against him today and on previous days," Cochran said in a statement. "An assault on one mayor is an assault on all mayors."