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
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread 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
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Markets in Asia fell on Wednesday morning after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
The purchase confirms Apple's continued interest in self-driving car software, and it will bolster Apple's engineering ranks with additional employees who can build autonomous...Technologyread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
Shares of Newell Brands are down more than 4 percent in midday trading Wednesday after the company said Hurricane Harvey threw off its manufacturing supply chain in Louisiana and Texas.
The maker of household goods such as Rubbermaid storage containers and Coleman grills released a statement saying continued shutdowns of "nearly all of Newell Brands' resin suppliers" in the two states are unexpectedly driving up costs.
"We expect these conditions to persist through the fourth quarter of 2017 and resin inflation to now build, rather than contract as previously forecast," CEO Michael Polk said.
Most of Newell Brands' Louisiana and Texas facilities declared "force majeure," and are not operating. The company is beginning to supplement the gap in its support through other U.S. and overseas suppliers, but said it is doing so "at a significantly higher" cost than it anticipated.
Newell Brands lowered its earning per share guidance for the year as a result of the hurricane, to a range of $2.95 to $3.05 from a range of $3 to $3.20.
Despite the disruption and increased costs, Polk said the company will "sustain increased investment" in the last two quarters of 2017 to improve "share momentum."
Through Tuesday, Newell Brands stock was up 9 percent this year, according to FactSet.