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
Turkish President Recep Erdogan continued his underhanded criticism of U.S. foreign policy during the UN General Assembly on Tuesday, likening financial sanctions — which America has placed on Turkish officials — to weapons.
Without directly naming the U.S., Erdogan told the assembly, "None of us can remain silent to the arbitrary cancellation of commercial agreements and the use of economic sanctions as weapons."
He was referring to Washington's asset freezes on two Turkish ministers in response to Ankara's continued detention of American pastor Andrew Brunson on spying charges, which Brunson denies.
"Nobody wants the world to experience a new economic rupture," Erdogan said. "It is very easy to create chaos but it's difficult to re-establish order, and today some countries are persistently trying to create chaos."
U.S.-Turkish relations are at a low following the diplomatic crisis, which has yet to be resolved despite multiple high-level meetings. Recent appeal hearings for Brunson have failed to clear his charges, and Erdogan said Tuesday that Turkish courts, and not politicians, would decide the pastor's fate.
August saw Donald Trump's administration announce a doubling of the steel and aluminum tariffs already in place against Ankara. Turkey responded in kind, placing tariffs on American cars, tobacco and alcohol. Erdogan called the U.S. penalties a "stab in the back."
Turkey's economy has taken a beating in the last year, with the U.S. sanctions providing added pressure on the badly-weakened Turkish lira, which has lost 40 percent of its value against the dollar in 2018. The country's currency has suffered thanks to investor fears over Erdogan's hold over central bank independence and his opposition to raising interests rates to adequately temper an overheating economy.
Ankara this month slashed growth forecasts for 2019 by more than half. The central bank raised rates on September 13, sending the lira upward, but myriad economic challenges remain, analysts say. One year ago this month, a dollar bought three lira; today, it fetches more than six.
Divisions between the two NATO allies have been deepening for some time. Turkey opposes Washington's support of Kurdish rebels in Syria, which it considers a terrorist group, and has long demanded the U.S. extradite Turkish cleric Fethullah Gulen, who is living in Pennsylvania and who it accuses of supporting the 2016 failed coup against Erdogan. Ankara also announced it would not be cutting its imports of Iranian natural gas, defying impending U.S. sanctions on the country's energy sector after its abandonment of the Iran nuclear deal.
The U.S., meanwhile, has expressed alarm and frustration at Turkey's purchase of a Russian S-400 missile defense system alongside its purchase of American F-35 stealth fighter jets. The governments of Erdogan and Russian President Vladimir Putin have become closer of late, and now have their shared anger at U.S. financial sanctions to bond over.