Trump nominates Jerome Powell to head U.S. Fed
President Donald Trump tapped Federal Reserve Governor Jerome Powell to become head of the U.S. central bank to replace Janet Yellen when her term expires in February. Fred Katayama reports.
Market is nervous about tax cuts, says TCW’s Diane Jaffee.
Tax cuts for corporations would be remarkably positive. But when it's phased in, maybe it means you don't get everything you've anticipated, says Diane Jaffee, senior portfolio manager at TCW. Aleksan ...
Pfizer raises profit outlook
Strong sales of Prevnar helped the drug maker more than double its quarterly profit. As Fred Katayama reports, one analyst called the results "refreshingly boring."
CVS-Aetna tie-up takes aim at high prescription drug costs
CVS's more than $66 billion offer to buy health insurer Aetna could give the pharmacy operator a stronger hand when trying to get drug manufacturers to cut high drug prices.
Tech stocks propell gains, says GoldBean’s Jane Barratt
Strong GDP, anticipation of tax plan, and some incredibly strong earnings are driving the markets, says Jane Barratt, founder & CEO of GoldBean. Aleksandra Michalska reports.
Amazon, tech surge drive big Nasdaq gains
Wall Street climbed on Friday, as a surge in the tech sector and a rally in Amazon shares helped push the Nasdaq to its best day in nearly a year. Julia Sun reports.