Something unusual is happening in financial markets and it could mean more gains lie ahead for stocks, if history is any indication.Marketsread more
Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
See which stocks are posting big moves after the bell on June 26.Market Insiderread more
Ten 2020 Democratic presidential candidates will take the debate stage Wednesday at the Adrienne Arsht Center for the Performing Arts in Miami.2020 Electionsread more
Credit Suisse initiated coverage of Tesla Wednesday with an "underperform" rating and a price target 15% below where the stock closed.Marketsread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
These attacks have given the public the opportunity to examine the problems associated with ransomware, where corporations -- not obligated to disclose these attacks -- have...Technologyread more
Online home goods retailer Wayfair sold roughly 1,600 mattresses and 100 bunk beds to Baptist Child and Family Services, a nonprofit that works as a federal contractor...Retailread more
HPV infections declined substantially since a vaccine was introduced, providing 'strong evidence' the vaccine prevents cervical cancer in the real world, according to a World...Health and Scienceread more
"As a private company we don't have the tools to make the Russian government stop," Facebook CEO Mark Zuckerberg said at the Aspen Ideas Conference on Wednesday. "We can...Technologyread more
Bitcoin jumped to its highest price since January 2018 on Wednesday.Bitcoinread more
The agreement needs changes not only "in the legislation but more enforcement" if House Democrats are going to pass the deal, Pascrell said.
Pascrell softened his tone in a statement to CNBC:
"I continue to review the USMCA and consult with stakeholders. I and many of my colleagues have called for higher standards in a revised NAFTA, or USMCA. A continuing concern remains stronger enforcement mechanisms, particularly in the areas of labor and the environment. These concerns are neither new nor novel."
Pascrell has been a vocal critic of Trump's trade deal, known as the United States Mexico Canada Agreement, or USMCA, which is intended to replace the North American Free Trade Agreement, or NAFTA. In line to become chair of the Ways and Means trade subcommittee, Pascrell has been one of the members most willing to directly challenge Trump's executive powers on trade and tariffs.
The expected leader of the Ways and Means committee, Rep. Richard Neal, D-Mass., was also a vocal opponent of the original NAFTA deal in 1994. Neal has also said that the USMCA deal has a very high bar set to pass Congress.
Pascrell and Neal did not immediately respond to CNBC's requests for comment.
— CNBC's Ylan Mui contributed to this report.
Read the full story from Bloomberg here.