×

Top News & Analysis Alabama

  • NEW YORK, Dec 13- The three major U.S. stock indexes were higher on Wednesday after the Federal Reserve raised U.S. interest rates by a quarter percentage point, as anticipated, but left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in U.S. economic growth. Kate Warne, investment strategist at Edward...

  • WASHINGTON, Dec 13- Congressional Republicans have reached a deal on final tax legislation, the U.S. Senate's top Republican tax writer said on Wednesday, with President Donald Trump saying he would back a sharply lowered corporate tax rate of 21 percent. Although the president said a "final number" on the corporate rate had not been set, the Senate and House of...

  • *World stocks reach record high. NEW YORK, Dec 13- European shares closed lower as U.S. stock indexes advanced on Wednesday ahead of a widely expected interest rate increase by the Federal Reserve, while U.S. "Theyre going to be paying special attention to the unemployment numbers and whether or not the stage is getting set for wage inflation," said Jerry Paul, senior...

  • Although the president said a "final number" on the corporate rate had not been set, the Senate and House of Representatives were hurtling toward an agreement on that aspect of their legislation, and many other aspects, that would clear the way for final votes in both chambers next week. With their defeat on Tuesday in an Alabama special Senate election,...

  • Industrials are expected to benefit the most from the an overhaul of the tax bill, on which Republican leaders of both the Senate and the House reached a deal on Wednesday. President Donald Trump said he would sign a tax bill with 21 percent rate for corporations but added that a final number for corporate tax rate had not been set. "The market is trading at all-time...

  • President Trump: We have to get more Republicans elected in 2018

    President Trump answers questions from the press about the special Senate election in Alabama and his agenda on tax reform.

  • WASHINGTON, Dec 13- Congressional Republicans have reached a deal on final tax legislation, the top Senate Republican tax writer said on Wednesday, an achievement that would clear the way for final votes in the Senate and House of Representatives next week. With their defeat on Tuesday in an Alabama special Senate election, Republicans were under increased...

  • With their defeat on Tuesday in an Alabama special Senate election still sinking in, Republicans resumed a frenzied push on Capitol Hill to reconcile within days separate tax plans passed by the Senate and the House of Representatives. "I think we've got a pretty good deal," said Senator Orrin Hatch, chairman of the Senate tax committee. When Jones, who upset...

  • BRASILIA, Dec 13- Latin American currencies strengthened on Wednesday, a day after U.S. Currencies from Chile, Mexico and Brazil firmed between 0.2 percent and 1.2 percent, while stock markets jumped. Shares of Cosan SA Indústria e Comércio led gainers on Brazil's benchmark Bovespa stock index after it concluded the acquisition of a stake in natural gas...

  • CHICAGO, Dec 13- Target Corp will buy grocery delivery platform Shipt Inc for $550 million in cash, it said on Wednesday, promising same-day delivery of all goods by the end of 2019 to lure customers that have turned to online retailers such as Amazon.com Inc.. The Minneapolis- based big-box retailer said it would roll out same-day delivery for groceries,...

  • NEW YORK, Dec 13- Stocks globally reached a record high on Wednesday ahead of a widely expected interest rate increase by the U.S. "I suspect that they will probably elaborate on the tax cuts and future spending of the infrastructure and how they will relate to future inflation," said Peter Cardillo, chief market economist at First Standard Financial in New York.

  • *FOMC statement to be issued at 2:00 p.m. ET. Dec 13- U.S. stocks inched higher on Wednesday powered by technology stocks but shares of big banks lost steam ahead of a widely-expected interest rate hike in the afternoon. Tech stocks lifted major Wall Street indexes, with Apple and Facebook rising about 1 percent each.

  • NEW YORK— Target plans to boost its same-day delivery capability by paying $550 million for Shipt, its latest move to try to catch up with Amazon. Shipt, which charges members $99 a year, sends people out to choose and deliver groceries from stores. Retailers have been looking for ways to speed up delivery as they try to match the fast service offered by Amazon.com...

  • *Fed statement due at 1900 GMT. *Democrat win in Alabama endangers Trump tax cuts. LONDON, Dec 13- Gold prices held near their lowest in nearly five months on Wednesday as investors looked ahead to an expected U.S. interest rate increase and clues from the U.S.

  • Jimbo Fisher speaks as he is introduced as Texas A&M's new head football coach,in Kyle Field's Hall of Champions Monday, Dec. 4, 2017 in College Station, Texas.

    Versions of the tax bill include a new 20 percent excise tax on salaries of $1 million or more paid by universities and other nonprofits.

  • *Traders mull implication on tax cut plan after Alabama election. NEW YORK, Dec 13- U.S. There is no need for the Fed to hike faster, "said Gennadiy Goldberg, interest rate strategist at TD Securities in New York.

  • NEW YORK— CNN says Anderson Cooper's Twitter account was hacked after a since-removed tweet from his handle called the president a "tool" and a "pathetic loser" following Democrat Doug Jones win in Alabama's Senate election. The cable network tweeted early Wednesday that "someone gained access" to Anderson's account and sent the tweet to the president.

  • Democratic U.S. Senator elect Doug Jones greets supporters during his election night gathering the Sheraton Hotel on December 12, 2017 in Birmingham, Alabama.

    The balance of electoral mobilization has shifted in favor of Democrats.

  • *FOMC statement to be issued at 2:00 p.m. ET. Dec 13- Wall Street indexes advanced on Wednesday as technology stocks gained and traders took positions, overlooking concerns of benign inflation ahead of a likely interest rate hike by the Federal Reserve later in the day. S&P futures dipped 0.3 percent overnight on reports of Democrat Doug Jones winning a bitter...

  • Doug Jones is projected winner in Alabama election

    CNBC's John Harwood reports on the special election in Alabama between Democrat Doug Jones and Republican Roy Moore.