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
President Donald Trump on Thursday claimed that about 800,000 young people protected from deportation under an Obama-era program "have nothing to worry about" during the six-month delay period before the policy ends.
"No action!" Trump wrote in a tweet.
House Democratic Leader Nancy Pelosi said she spoke to Trump on the phone on Thursday and urged him to make clear that the six-month window "is not a period of roundup" that would make people protected by the program "vulnerable." Then, "boom, boom, boom, the tweet appeared," she added.
On Tuesday, the Trump administration announced it would rescind the Deferred Action for Childhood Arrivals program, with a six-month delay to allow for Congress to try and convert the program into law. Attorney General Jeff Sessions and Trump argued that the Obama administration did not have the authority to implement DACA.
The program gives certain children of immigrants who came to the country illegally a two-year period of protection from deportation and allows them to work in the United States.
Trump later tweeted that he would "revisit" the program if Congress cannot "legalize" it in six months.
Pelosi claimed that Trump on Wednesday said he would sign the DREAM Act — legislation that would shield the people protected by DACA. It has previously failed to pass the GOP-controlled Congress.
While Trump appears to be referring to deportation with his tweet, his administration will begin what it calls an "orderly wind down" of the program during the six-month period. Here's what the Trump administration is doing, according to the Department of Homeland Security:
Trump's tweet Thursday came a day after he agreed to a short-term debt ceiling and government funding deal with Pelosi and Senate Minority Leader Chuck Schumer, over the objections of Republican congressional leaders.