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
Any such plan could face staunch opposition from the majority congressional Republicans, who would have to approve it. On Thursday, House Speaker Paul Ryan voiced opposition to getting rid of the debt ceiling.
The deal was described as a "gentleman's agreement," the Post reported, citing "three people familiar with the decision." Democrats in the Senate want to reach an "arrangement with Trump" by December, according to the Post.
Speaking to reporters Thursday, Trump did not explicitly say that he and Schumer agreed to push forward on scrapping the debt ceiling. However, he said "certainly that's something we'll discuss" and did talk about at Wednesday's White House meeting with congressional leaders.
Congress has had to repeatedly raise the federal borrowing limit to avoid risking default on U.S. debt. The contentious deadlines can set the stage for political maneuvering and deals on unrelated measures. GOP lawmakers often seek spending cuts to go along with votes to raise the debt limit.
Lawmakers face their latest deadline to lift the debt limit by the end of September. On Wednesday, Trump, Schumer and House Minority Leader Nancy Pelosi struck a deal to attach Hurricane Harvey recovery funding to measures to temporarily extend the debt ceiling and fund the government for only three months.
The president did so over the objections of Republican congressional leaders and Treasury Secretary Steven Mnuchin, who wanted a longer debt ceiling fix. Some GOP lawmakers have slammed the agreement, saying it gives Democrats leverage over budget discussions in December.
Mnuchin later voiced support for Trump's plan.