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
JP Morgan's Jamie Dimon says student lending "is a disgrace and its hurting America," he told Yahoo Finance Tuesday.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
A small group of companies have gotten so big that they are essentially becoming the market, and when they do well, the markets do well.Trader Talk with Bob Pisaniread 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 stock market is shrinking for several key reasons, but there's a way for investors to maneuver it, says Citi Research strategist Robert Buckland.Trading Nationread more
Here are the biggest calls on Wall Street on WednesdayInvestingread more
While Trump stressed the importance of getting a deal, he also said the tariffs have been good for the U.S. economy.Economyread more
Many of the top US destinations in US News & World Report's annual Best Vacations ranking are known for their outdoor activities and adventures, a trend for 2019 travel.Liferead more
"This trade dispute isn't going to be solved in the next year or two. This is going to be the epic battle of our times," Trump's former Fed pick says.US Marketsread more
* Inventories climb: https://tmsnrt.rs/2GU0ExS
* Surge comes amid high supplies, concerns of demand slowdown
SINGAPORE, Jan 4 (Reuters) - Light distillate fuel stocks at Asia's refining hub in Singapore have climbed to a record on surging supply, just as fears emerge of an economic downturn heading into 2019.
Light distillate stocks in Singapore, which include the key transportation fuel gasoline and important petrochemical feedstock naphtha, rose by 1.47 million barrels in the week to Jan. 2, to a record 16.1 million barrels, according to data from Enterprise Singapore released on Friday.
The record comes on soaring supply from refineries across Asia, including China where exports have surged amid a broad expansion of the country's refining capacity.
Weighed down by excess supply and sluggish demand, gasoline producers began losing money from gasoline after Asia's benchmark gasoline margin <GL92-SIN-CRK> in December turned negative. The benchmark has since recouped some losses.
Traders said a slowdown in economic growth and, by extension also in fuel and petrochemical consumption, could keep inventories elevated.
"If factory utilisation rates fall, then purchases of raw materials like petrochemical feedstocks will also weaken," Singapore-based shipping brokerage Eastport said on Friday.
Data for December from the Institute for Supply Management (ISM) on Thursday showed the broadest U.S. slowdown in growth for more than a decade, as the trade conflict with China, falling equity prices and increasing uncertainty started to take a toll on the world's biggest economy.
Leading economies in Asia and Europe have already reported a fall in manufacturing activity.
(Reporting by Roslan Khasawneh and Henning Gloystein Writing by Henning Gloystein Editing by Kenneth Maxwell)