These are the stocks posting the largest moves before the bell.Market Insiderread more
Mnuchin tells CNBC he's confident President Trump and China's Xi Jinping can make progress in stalled trade talks.World Economyread more
U.S. stock index futures jumped Wednesday morning after Treasury Secretary Steven Mnuchin told CNBC that the U.S. and China were close to reaching a trade deal.US Marketsread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and its hurting America," he told Yahoo Finance Tuesday.Economyread more
Trump is willing to talk with Iran, but he's "also determined to enforce the U.S. and our allies' interests in the region," Mnuchin tells CNBC.Politicsread 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
Mortgage application volume was 40% higher than a year ago, largely because lower rates are strengthening the refinance market.Real Estateread more
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
Bitcoin surged as high as $12,919 in early morning trade Wednesday, to its highest level since January 2018.Technologyread more
AbbVie's deal to buy Allergan for about $63 billion is a "nice exit from a tough situation," RBC Capital Markets analyst Randall Stanicky says.Biotech and Pharmaceuticalsread more
Omada Health just raised $73 million at a valuation of around $600 million as it seeks to expand its digital health offerings.Technologyread more
Hurricane Florence caused between $2.8 billion and $5 billion in insured losses when it blew into North Carolina earlier this month, according to an estimate from global risk modeling firm RMS.
Wind alone caused damage worth between $1.3 billion and $2.6 billion, with storm-surge and inland flooding damages totaling between $700 million and $1.2 billion. The company's Monday estimates also include losses to the National Flood Insurance Program, which is expected to lose between $800 million and $1.2 billion.
These estimations include property damage and business interruption in residential, commercial, industrial and automobile businesses. That also includes damage to infrastructure and blocked access to damaged areas, which delay businesses reopening and prevent residents from returning.
Florence's worst damage stemmed from heavy rains and floods.
"While wind-driven damages will still be sizable, the story of this storm is the flood impacts," said Mohsen Rahnama, chief risk modeling officer at RMS. "Florence's slow-moving nature brought historic rainfall and flooding to the Carolinas."
The firm expects some 70 percent of the region's total losses to be uninsured.
Factoring in uninsured losses, RMS expects the total economic loss to range between $6 billion and $11 billion. That doesn't even include roads, utilities and government-owned property, which usually are not insured or self-insured.
"Florence is yet another large inland flood event that exposes the protection gap for flood insurance in the U.S.," Rahnama said. "Thus, we expect much of the losses in interior portions of the region to be largely uninsured."
Hurricane Florence, which came ashore as a Category 1 storm, has already been compared to some of the most devastating hurricanes in recent history. It was the first hurricane to make landfall in North Carolina since Hurricane Irene in 2011.
When it was still churning in the Atlantic, Florence was a Category 3, sustaining winds of 127 miles per hour and making Florence one of the most intense storms in recent history.