U.S. stock futures point to a mixed open after a day of small gains kept the record closes going on Wall Street.Morning Briefread more
The Federal Reserve's expected interest rate cuts appears to have impacted J.P. Morgan's forecast for 2019 net interest income.Financeread more
J.P. Morgan chief Jamie Dimon praised the strength of the consumer after the largest U.S. bank posted strong second-quarter quarterly earnings release on Tuesday.Banksread more
Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
Johnson & Johnson's profit jumped 42% in the second quarter, with all three of the sprawling health-care company's businesses performing better than Wall Street expected.Health and Scienceread more
GE hasn't had a year this good during this millennium. After that massive surge, one trader is warning investors to stay away.Trading Nationread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Goldman Sachs reported second-quarter results that beat analysts' expectations Tuesday.Financeread more
Early Facebook investor and Trump supporter Peter Thiel weighed in on the Democrats taking on the president in 2020, saying he was "most scared' by Elizabeth Warren.2020 Electionsread more
Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Top Democrats pushed for President Donald Trump to withdraw the nomination of his Supreme Court choice Brett Kavanaugh after the latest explosive allegations against the judge.
In a letter to Trump dated Wednesday, all Democrats on the Senate Judiciary Committee urged the president to pull the appeals judge's nomination or "direct the FBI to re-open its background investigation" to examine accusations of sexual misconduct. The members of the panel, which oversees judicial nominations, argued that the claims against Kavanaugh are more than enough "to trigger a meaningful nonpartisan investigation."
"The standard of character and fitness for a position on the nation's highest court must be higher than this," the Democrats wrote. "Judge Kavanaugh has staunchly declared his respect for women and issued blanket denials of any possible misconduct, but those declarations are in serious doubt."
"We therefore ask that you immediately direct an FBI investigation or withdraw this nomination," read the letter, signed by committee ranking member Sen. Dianne Feinstein of California, Sen. Patrick Leahy of Vermont, Sen. Dick Durbin of Illinois, Sen. Sheldon Whitehouse of Rhode Island, Sen. Amy Klobuchar of Minnesota, Sen. Chris Coons of Delaware, Sen. Richard Blumenthal of Connecticut, Sen. Mazie Hirono of Hawaii, Sen. Cory Booker of New Jersey and Sen. Kamala Harris of California.
Trump stands behind Kavanaugh after the latest accusation, White House press secretary Sarah Huckabee Sanders told CNBC on Wednesday. Earlier, the president called the accusations a "con game" and said Kavanaugh has "been treated very unfairly by the Democrats."
In an affidavit sent to the Judiciary Committee, Julie Swetnick alleged that Kavanaugh and others while in high school were involved in efforts to spike the drinks of girls who were targeted for rape. The accusation comes only a day before Kavanaugh is set to testify publicly along with Christine Blasey Ford, who claims the appeals judge assaulted her in high school.
Kavanaugh has vehemently denied both claims, as well as a third sexual misconduct accusation against him. In a prepared statement for Thursday's hearing released by the Judiciary Committee, Kavanaugh said he "will not be intimidated into withdrawing from this process."
After the latest allegations, Senate Democrats' calls for Kavanaugh's withdrawal — or a delay in his confirmation — intensified. The minority party in the Senate, which has largely fought Kavanaugh's nomination since it was announced, stepped up its efforts after Ford's accusation against the judge.
Republicans have pushed to quickly confirm Kavanaugh ahead of November's midterm elections, when Democrats could win a majority in the chamber.
"I strongly believe Judge Kavanaugh should withdraw from consideration," Senate Minority Leader Chuck Schumer, D-N.Y., said in a statement Wednesday. "If he will not, at the very least, the hearing and vote should be postponed while the FBI investigates all of these allegations. If our Republican colleagues proceed without an investigation, it would be a travesty for the honor of the Supreme Court and our country."
At least two other Democratic senators, Jeff Merkley of Oregon and Ed Markey of Massachusetts, have called for Kavanaugh to withdraw.
Merkley filed a lawsuit on Wednesday in an effort to stop his confirmation, arguing the Trump administration violated the Constitution because some documents related to Kavanaugh were not released.
The Judiciary Committee could vote on Kavanaugh's nomination as early as Friday to advance it to the full Senate.