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Wall Street drops on trade worries, Fed Chair Powell's speech
Wall Street lost ground on Tuesday as simmering trade concerns, combined with disappointing economic data, sent buyers to the sidelines, where they remained after Federal...
4 minutes ago - Reuters - 3 articles
Fed Chief Jerome Powell just issued the strongest signal yet that the central bank will soon cut interest rates
Trade uncertainty and other global strains have risen in recent months and could lead the Federal Reserve to lower borrowing costs, Chairman Jerome Powell signaled Tuesday. "If...
4 minutes ago - Business Insider - 2 articles
FedEx is suing the US government, claiming that complying with Huawei's blacklisting violates its constitutional rights and traps it 'between a rock and a hard place'
Reuters FedEx is suing the Trump administration, saying it's "virtually impossible" to comply with its restrictions on trade with Huawei and other blacklisted companies. FedEx...
12 minutes ago - Chron
What AbbVie's $63 Billion Deal to Buy Allergan Says About the Drug Industry
AbbVie announced on Tuesday that it will buy Allergan in a deal valued at about $63 billion , a 45% premium on Allergan's most recent closing stock price. The proposed M&A will...
26 minutes ago - Fortune - 7 articles
Morning News: June 25, 2019
The Economy Is About to Hit a Record. Trump Says the Fed ‘Blew It.' Pain From Trump's China Tariffs Spreads, Reshaping Global Trade Robots Can Now Decode the Cryptic Language...
33 minutes ago - Crossing Wall Street
Next Up In China Trade War: Sanctions?
Tariffs, non-tariff barriers, and the threat of sanctions promise more volatility in China's securities markets.
45 minutes ago - Forbes
FTC effort cracks down on more than 1B 'loathed' robocalls
CHICAGO - The Federal Trade Commission cracking down on illegal robocalls, including dozens of actions against domestic operations responsible for more than 1 billion calls.
51 minutes ago - Stl Today - 2 articles
Tariff concerns, 3Q outlook drag Lennar's stock down
MIAMI - Tariff concerns and a disappointing third quarter outlook are weighing on Lennar Corp.'s stock even as the homebuilder's second quarter performance topped analysts'...
51 minutes ago - Chron
Trump isn't the only major world leader who will challenge China's Xi Jinping at the G20 meeting
Chinese president Xi Jinping will meet with Brazilian President Jair Bolsonaro for the first time at the G20 meeting this week. Bolsonaro criticized China's commercial...
57 minutes ago - Business Insider
U.S. consumer confidence dives, trade tensions hurting economy
U.S. consumer confidence tumbled to a 21-month low in June as households grew a bit more pessimistic about business and labor market conditions amid concerns about a recent...
57 minutes ago - Reuters - 2 articles
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New Home Sales decreased to 626,000 Annual Rate in May
The Census Bureau reports New Home Sales in May were at a seasonally adjusted annual rate of 626 thousand. The previous three months were revised down slightly...
Allergan spikes 30% after AbbVie agrees to buy the Botox-maker for $63 billion
Shares of Allergan surged more than 30% in early trading on Tuesday after AbbVie agreed to acquire the drugmaker for $63 billion. AbbVie's bid of $188 a share in cash and stock...
Here's who will be on the stage for this week's Democratic debates, what...
On June 26 and 27, 20 Democratic presidential candidates will take to the stage in Miami, Florida for the first Democratic primary debates of the 2020 election cycle, hosted...
NYPD confirms missing 29-year-old YouTuber Desmond Amofah, better known as...
The New York Police Department confirmed Tuesday that the 29-year-old YouTuber Desmond Amofah, better known as Etika, was found dead. The YouTuber had been missing since...
Allergan started out as a tiny but beloved Southern California eye care firm...
AbbVie is acquiring Botox-maker Allergan in a $63 billion deal , the companies said Tuesday. Allergan has had a long history dating back to the 1940s. Over the years it's gone...
Global stocks will sink into a bear market if trade tensions escalate, UBS...
Trade tensions raging on unabated will likely push global stocks into a bear market, UBS predicts. President Donald Trump and the Chinese President Xi Jinping's meeting at the...
Anthony Bourdain's friends want you to eat and drink at the place you...
Anthony Bourdain's close friends want the world to celebrate his life on his birthday, June 25. The celebration will be called 'Bourdain Day.' People can join in by taking...
Case-Shiller: National House Price Index increased 3.5% year-over-year in April
S&P/Case-Shiller released the monthly Home Price Indices for March ("April" is a 3 month average of February, March and April prices). This release includes prices for 20...
The DASHBOARD Act could force big tech to reveal the actual monetary value...
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Digital Media Briefing subscribers. To receive the full story plus other insights each...
Self-driving cars may be decades away, but safety features common on Tesla...
Auto companies are already using some of the technology that will underpin self-driving cars to prevent accidents today, according to a new Consumer Reports survey. The survey...