Bloomberg could be in for a showdown with Elizabeth Warren, whether he runs or not2020 Electionsread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Bank of America says investors should still look to stocks for value rather than bonds.Investingread more
Check out the companies making headlines in midday trading:Market Insiderread more
Uber has laid off about 350 employees across several teams within the organization.Technologyread more
A passenger has complained to United Airlines after a fellow traveler was allowed to fly with a T-shirt that called for hanging journalists.Airlinesread more
"I fear that's what we're headed into" here in America, warns the former Treasury secretary.Economyread more
"But I expect we'll have a deal," Mnuchin tells CNBC.Politicsread more
Kohl's stores are getting a bit of a refresh, and are being infused with new brands, ahead of this holiday season.Retailread more
Online travel company Booking Holdings has dropped out of Facebook's libra, joining a growing list of firms that have exited the embattled cryptocurrency project.Technologyread more
A Chinese delegation led by Vice Premier Liu He could be sent before month's end to iron out phase one, a source tells CNBC's Kayla Tausche.Marketsread more
The Dow jumped 162.94 points, or 0.6%, to 26,970.71 on Wednesday. The S&P 500 climbed 0.6% to 2984.87. The Nasdaq Composite advanced 1.1% to close at 8077.38. The gains come after the S&P 500 and Nasdaq had their worst day in a month on Tuesday amid fears over President Donald Trump's political future.
Stocks rose because Trump said to reporters that a U.S.-China trade deal could come sooner than expected. Both countries have been engaged in trade negotiations since last year. The back and forth between China and the U.S. has sent ripples through global financial markets. Trump later said the U.S. struck an initial trade deal with Japan. The upbeat news on trade helped offset some of the uncertainty coming from Washington.
A memo showed Trump asked Ukrainian President Volodymyr Zelensky if he could "look into" former Vice President Joe Biden and his son, Hunter. However, the note did not explicitly show a quid pro quo between the two leaders, giving traders some relief. The memo was released after House Speaker Nancy Pelosi announced Tuesday night will launch an impeachment inquiry on Trump.
Nike shares led the way on Wednesday, rising more than 4% to an all-time high on better-than-expected results from the apparel giant. So-called FANG stocks — Facebook, Amazon, Netflix and Google-parent Alphabet — also rose broadly. Netflix gained about 4% while Amazon and Alphabet climbed 1.5% and 2.3%, respectively. Facebook advanced nearly 1%. It was the first gain for Netflix in six days.