Bloomberg could be in for a showdown with Elizabeth Warren, whether he runs or not, as he has been one of her biggest critics on the Democratic side.2020 Electionsread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
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Check out the companies making headlines in midday trading:Market Insiderread more
Uber has laid off about 350 employees across several teams within the organization.Technologyread more
A passenger has complained to United Airlines after a fellow traveler was allowed to fly with a T-shirt that called for hanging journalists.Airlinesread more
"I fear that's what we're headed into" here in America, warns the former Treasury secretary.Economyread more
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Online travel company Booking Holdings has dropped out of Facebook's libra, joining a growing list of firms that have exited the embattled cryptocurrency project.Technologyread more
A Chinese delegation led by Vice Premier Liu He could be sent before month's end to iron out phase one, a source tells CNBC's Kayla Tausche.Marketsread more
U.S. government debt yields rose Friday on the last trading day ahead of the Christmas holiday break.
The yield on the benchmark 10-year Treasury note was higher at around 2.488 percent at 10:33 a.m. ET, while the yield on the 30-year Treasury bond was up at 2.843 percent. Bond yields move inversely to prices.
While politics is expected to move sentiment somewhat on Friday, data is expected to be at the front and center of investors' minds.
Sales of new U.S. single-family homes rose unexpectedly in November to levels unseen in over a decade. Sales jumped 17.5 percent to a seasonally adjusted 733,000 units, the highest rate since July 2007. The swell is sales indicates that the housing market may be stabilizing after a lackluster start in 2017.
On Wednesday, a major hurdle surrounding overhauling the U.S. tax code was conquered after House Republicans voted to approve tax reform, consequently meaning that the legislation can be sent to President Donald Trump's desk by Christmas.
The news boosted markets in the United States Thursday, as well as announcements that some U.S. companies would spend the tax bill savings on higher wages and new construction.
Meantime, the House of Representatives voted Thursday to advance a short-term spending bill, in order to fund the U.S. government through until the middle of January.
—CNBC's Christina Wilkie contributed to this report