Caution is in the air on Wall Street as a very bullish June begins to draw to a close, with U.S. stock futures pointing to a near flatline open.Morning Briefread more
Allergan shareholders will receive 0.8660 AbbVie shares and $120.30 in cash for each share held, for a total value of $188.24 per Allergan share.Biotech and Pharmaceuticalsread more
"What else do you have to do that will actually have to affect the Iranians' calculus?" said Amos Hochstein, who served as U.S. special envoy for international energy affairs...World Politicsread more
Reports of tensions may have been sparked by Kraft Heinz's underperformance and because of accounting problems at the packaged goods company.Investingread more
SpaceX used its high speed boat called "Ms. Tree" to catch the nosecone its Falcon 9 rocket after Monday's launch.Investing in Spaceread more
The major indexes have stretched to all-time highs and are riding one of their best first halves in decades.Trading Nationread more
FedEx sued the U.S. government, saying it should not be held liable if it inadvertently shipped products that violated a Trump administration ban on exports to some Chinese...Traderead more
The leaders of Japan and China got off to a tense start but have made significant progress in turning around their relations in recent years.Asia Politicsread more
Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Citi Private Bank says it has maintained an "overweight" stance on stocks in China, Hong Kong, Taiwan and South Korea.Asia Marketsread more
Stocks in Asia slipped on Tuesday, while investors looked toward a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to happen later in the...Asia Marketsread more
The National Weather Service now says some parts of Houston and just west of the city may receive a Texas record of 50 inches (1270 millimeters) of rain as Tropical Storm Harvey stalls over Texas.
NWS meteorologist Patrick Burke says rainfall totals will end up around 40 inches (1016 millimeters) or more for Houston on average, but some isolated spots will hit or exceed 50 inches.
Burkes says, "We're in kind of unprecedented territory with this storm."
Local rainfall amounts of 50 inches would exceed any previous Texas rainfall record. The NWS says in a statement that "the breadth and intensity of this rainfall is beyond anything experienced before and is resulting in catastrophic flooding."
So far rainfall totals since Thursday evening have reached about 25 inches (635 millimeters) in south Houston. In Dayton, located 38 miles (61kilometers) northeast of Houston, rainfall has already reached 27 inches (685 millimeters).