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
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Markets in Asia fell on Wednesday morning after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
NBC is taking the office back from Netflix as it seeks to bolster its own streaming service launching in 2020.Technologyread more
Wayfair employees plan to walk out tomorrow, after no action was taken in response to their opposition to the company supplying border detention camps with beds for children.Retailread more
General Motors ought to be careful not to award big bonuses to executives after announcing 14,000 job cuts, former Treasury Secretary Larry Summers said Wednesday.
"Is this the time GM should be giving big executive bonuses? No. If they are, it's deplorable," Summers told CNBC's "Power Lunch. "
He added that GM should not rely on foreign workers to build cars, something labor leaders have feared will happen.
The largest American automaker said Monday it will halt production at several plants in the U.S. and Canada, and expects to cut 14,000 jobs.
The layoffs are unfortunate, but GM must stay competitive, Summers said.
"Obviously if GM developed better products and had done a better job, they wouldn't have to do this," he said. "That's something we can regret."