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Scott-Pruitt-120716.jpg Reports on President-elect Donald Trump's Cabinet picks continue to roll out Wednesday, with multiple news outlets saying Oklahoma Attorney General Scott Pruitt has been chosen to head the Environmental Protection Agency. Pruitt, who is said to have close ties to the energy industry, has filed several...

wallstreet-111614_07Dec16.jpg After initially showing a lack of direction stocks moved sharply higher over the course of the trading session on Wednesday. With the upward move on the day, the Dow and the S&P 500 once again reached new record closing highs.

capitol-reflecting-120716.jpg Senators overwhelmingly voted in favor of a $6.3 billion medical innovation bill on Wednesday, sending the legislation to President Barack Obama's desk for his signature. The Senate voted 94 to 5 in favor of the bill known as the 21st Century Cures Act.

Gen-JohnFKelly-120716.jpg As President-elect Donald Trump continues to fill out his Cabinet, multiple sources have reported retired Marine Corps General John Kelly will be nominated as the Secretary of the Department of Homeland Security. Kelly would be the third retired general to be picked for a top position in Trump's incoming administration.

DonaldTrump-Wiki-120716.jpg While President-elect Donald Trump was highly critical of President Barack Obama on the campaign trail, the billionaire-turned-politician revealed Wednesday that he has sought the current White House occupant's advice on potential Cabinet picks.

Wallstreet-013013_07Dec16.jpg While buying interest has remained relatively subdued, stocks have moved mostly higher over the course of the trading day on Wednesday. With the upward move, the Dow and the S&P 500 have reached new record intraday highs.

Terry-Branstad-120716.jpg President-elect Donald Trump has selected Iowa Governor Terry Branstad as the next U.S. ambassador to China, according to numerous media reports. The Republican governor is said to be a longtime friend of Chinese President Xi Jinping and could help ease tensions between the two countries.

wallstreet-112414_07Dec16.jpg After moving mostly higher over the course of the previous session, stocks are turning in a relatively lackluster performance in morning trading on Wednesday. Despite the choppy trading, the Dow and the S&P 500 have reached new record intraday highs.

Apple-iphone-120716.jpg Apple Inc. has confirmed that the iPhone 6s battery issue may be larger than thought, as the tech giant said that some customers "outside the affected range of devices" have also reported unexpected shutdowns. The company again stressed that it is not a security issue.

Tesla-Recall-120716.jpg Tesla Motors Inc. voluntarily recalled more than 7000 charging adapters. The company said these adapters of Nema 14-30, 10-30 and 6-50 are sold separately as accessories. Earlier in November, two customers had complained about overheating issue of Nema 14-30 charging adapters. Tesla confirmed in its recall communication that there were no other similar incidents or reports of injuries or proper

Donaldtrump-TIME-120716.jpg U.S. President-elect Donald Trump has been named Time magazine's Person of the Year for 2016. The New York business tycoon stunned the world on November 8th with a surprise win over his Democratic rival Hillary Clinton after political pundits and most opinion polls almost ruled out his chances to...

ECB-Draghi-120616.jpg European Central Bank President Mario Draghi will likely announce an extension of asset purchases by the central bank beyond March 2017 on Thursday, hoping to spread some Christmas cheer amid the high political uncertainty, especially after the 'no' vote in the Italian referendum last weekend.

wallstreet1-103112_07Dec16.jpg Stocks may show a lack of direction in early trading on Wednesday following the upward move seen in the previous session. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures down by just 4 points.

Sony-projectfield-120716.jpg Sony announced Project Field, a new play way to bring card games to life, along with a host of smartphone games at an event in Japan, aiming to accelerate mobile drive. Project Field is a Japan-only card collection platform where actual physical cards will work with a smartphone app. The first title to be announced is based on Yo-kai Watch for mobile. There is no news about an international releas

UKindmanoutput-120716.jpg British industrial output declined unexpectedly in October as the shutdown for maintenance of oil fields dampened production, the Office for National Statistics reported Wednesday. Industrial production declined 1.3 percent from September, the biggest fall since September 2012. Economists had forecast an increase of 0.2 percent after a 0.4 percent fall in September.

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