Stocks notched weekly losses on Friday as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
United Airlines will take its 14 Boeing 737 Max jets off its schedule for another month, through Aug. 3, canceling another 1,290 flights.Airlinesread more
Trade could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and the bond market, which is flashing new worries about...Market Insiderread more
About three dozen House Democrats have called for impeachment hearings on President Donald Trump, a billionaire's TV ads rip the House for "doing nothing," and legal experts...Politicsread more
J.P. Morgan economists say they now see a much slower economy in the second quarter, with growth of just 1%.Market Insiderread more
Governor Janet Mills has signed into law a bill that eliminates religious and philosophical exemptions for required vaccinations in Maine.Health and Scienceread more
Oil prices were more than 1 percent on Tuesday on steep OPEC production cuts and Saudi Arabia's plan to drop March crude output by more than a half a million barrels per day below its pledge.
Rising investor optimism for a breakthrough in the latest round of U.S.-China trade discussions also boosted futures.
International benchmark Brent crude futures were up 81 cents, or 1.3 percent, at $62.32 a barrel around 2:30 p.m. ET. U.S. West Texas Intermediate crude oil futures ended Tuesday's session up 69 cents, or 1.3 percent, at $53.10 a barrel.
Production cuts implemented Jan. 1 by OPEC and allies led by Russia have tightened markets in the face of rising output in non-member countries, including the United States.
OPEC said on Tuesday it had reduced oil production almost 800,000 bpd in January to 30.81 million bpd under its voluntary global supply pact.
Saudi Energy Minister Khalid al-Falih told the Financial Times that the kingdom would reduce production to about 9.8 million bpd in March to bolster oil prices.
Investors were also hopeful that a new round of talks between U.S. and Chinese officials would bring the two sides close to resolving their ongoing trade war ahead of a March 1 deadline.
"The potential for, maybe, an agreement between the U.S. and China has pushed prices higher," said Tom Saal, senior vice president at INTL FCStone in Miami.
U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer arrived in Beijing on Tuesday before high-level talks set for later in the week.
The fact that top ranking officials were entering the negotiations "elevated the expectations a little higher" for a deal, Saal said.
If the two sides do not come to an agreement by the deadline, U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent.
Rising U.S. oil production, fighting near Libya's main oilfield, sanctions on Venezuela and suspense over whether Washington will grant more waivers to import Iranian oil have left markets unsure about broader supply.
U.S. crude stockpiles were forecast to have risen last week for a fourth straight week, ahead of data from the American Petroleum Institute, an industry group, at 4:30 p.m. EST (2130 GMT). The Energy Information Administration will issue its report on Wednesday.
Also on Tuesday, OPEC cut its forecast for 2019 world oil demand, citing slowing economies and expectations of faster supply growth from rivals, underlining the challenge it faces in preventing an oil glut.
Bank of America warned of a "significant slowing" in global growth.