Mnuchin told CNBC that he's confident President Donald Trump and President 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 almost there on a trade deal.US Marketsread more
President Donald Trump's administration hopes additional sanctions on Iran will force the country to negotiate.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
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
Chevy is just rolling out an all-new version of its heavy-duty Silverado with the new High Country trim package that could become the first U.S. pickup to top $100,000, Chevy...Autosread 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
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
London's transport authority has rejected claims it is "deepening" its relationship with Uber in a partnership that could offer customers access to public transport services through the ride-hailing company's app.
The denial came in response to a Financial Times report that Uber is seeking to partner with Transport for London (TfL) to incorporate London Tube and bus timetables. Citing un-named people familiar with the matter, the FT said Uber has spoken with Transport for London about "deepening" their relationship.
However a TfL spokesperson told CNBC that TfL is not specifically working with Uber to integrate those services into the company's platform but Uber is "more than welcome" to use TfL's data.
"TfL makes it data publicly available for developers and companies, which could include Uber, to use, however it is incorrect to describe this as a 'deepening relationship,'" the spokesperson said by email.
The FT said earlier Uber's long-term ambitions include accepting payments on behalf of TfL and building a journey planner that would integrate public transportation data, including live updates, into the Uber app.
Uber has not responded to CNBC's request for comment.
Uber's attempt to include public transportation data into its app would heighten competition with CityMapper, a London-based app that includes bus, rail and driving directions and schedules. CityMapper also recently launched scooter, cycling and moped transportation options on its platform. The company is backed by venture capital firms including Index Ventures and Benchmark Capital.
A potential partnership between Uber and TfL would mark a positive shift in the ride-hailing company's tumultuous relationship with London's transport authority. TfL revoked Uber's license to operate in the city in 2017 citing safety concerns. A judge overturned the ban in June, granting Uber a 15-month license with some broad conditions.
Ride-hailing companies like Uber and its smaller competitor Lyft have ambitions to become catch-all apps for transport services beyond ride sharing. Uber CEO Dara Khosrowshahi told CNBC in May the company wants to be the "A-to-B platform for transportation."
Both Uber and Lyft are racing to go public next year. Uber reportedly filed confidential paperwork with the Securities and Exchange Commission last week for an IPO that could be valued at $120 billion. Lyft also filed a confidential statement for its own IPO last week.
Read the full FT story here.