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
In a rebuke to Trump policies, Democratic candidate Katie Porter – a favorite of liberals – has apparently defeated two-term Republican Rep. Mimi Walters in California's historically conservative Orange County, according to NBC News.
The result came more than a week after Election Day. Democrats have now gained 36 seats in the House, according to NBC, more than enough for the majority.
Porter, a consumer advocate lawyer and law professor, will represent California's 45th Congressional District, which includes Irvine, Laguna Hills, Mission Viejo and parts of Anaheim Hills. It has one of the highest median household income levels nationally – more than $100,000, according to data from the Census Bureau.
Porter ran a campaign that framed Walters as a "rubber stamp" of President Donald Trump's agenda on everything from taxes and health care to the environment. She also attacked the incumbent for trying to take away coverage of pre-existing conditions and for accepting campaign contributions from drug companies while not doing enough to lower the price of prescription drugs.
For her part, Walters defended her support of Trump's policies, including GOP tax overhaul as well as the push to repeal and replace the Affordable Care Act, or Obamacare. She also depicted Porter – a protégé of Sen. Elizabeth Warren, the Massachusetts Democrat - as an extreme liberal and "out of step" with constituents.
Registered Republicans outnumber Democrats by a seven-point margin in the district, which went for Democrat Hillary Clinton in the 2016 presidential election. Porter raised nearly three times more than Walters in the third quarter.