5 things to know before the stock market opens Thursday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to drop after hitting an intraday record Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2021. Brendan McDermid | Reuters 2. Southwest, American report … Read more

FBI at home of Russian oligarch and ex-Manafort associate Oleg Deripaska

Russian tycoon Oleg Deripaska speaks to media in front of the office of Gorkovsky Automobile Plant (GAZ) in Nizhny Novgorod, Russia April 16, 2019. Maxim Shemetov | Reuters FBI agents are conducting “law enforcement activity” at the home of Russian energy tycoon Oleg Deripaska, a spokesman for the agency told NBC News on Tuesday. Multiple … Read more

Biden admits ‘we’re not going to get $3.5tn’ on sweeping investment plan – live

Joe Biden conceded on Friday that the final version of his sweeping social policy and climate change initiative – often referred to as the $3.5tn reconciliation bill – would not be $3.5tn. “We’re not going to get $3.5tn. We’ll get less than that,” Biden said, during an event at the Capitol Child Development Center in … Read more

Climate change will dominate Biden’s agenda when he heads to Europe in two weeks

US President Joe Biden delivers remarks and participates in the virtual Leaders Summit on Climate Session 5: The Economic Opportunities of Climate Action from the White House in Washington, DC, on April 23, 2021. Jim Watson | AFP | Getty Images President Joe Biden and first lady Jill Biden will travel to Europe in two … Read more

House lawmakers subpoena ex-DOJ official over alleged attempts to interrupt Trump-Biden power transfer

Supporters of U.S. President Donald Trump gather outside the Capitol as police clear the building with tear gas, in Washington, January 6, 2021. Stephanie Keith | Reuters The House select committee investigating the Jan. 6 Capitol riot subpoenaed former Justice Department official Jeffrey Clark on Wednesday, citing evidence he tried to disrupt the post-election transfer … Read more

National Institutes of Health Director Dr. Francis Collins is stepping down by year’s end

Francis Collins, director of the U.S. National Institutes of Health (NIH), holds a model of Covid-19 while speaking during a Senate Appropriations Subcommittee hearing in Washington, D.C., on Thursday, July 2, 2020. Saul Loeb | AFP | Bloomberg | Getty Images National Institutes of Health Director Dr. Francis Collins – who has helmed the agency … Read more

Biden’s top trade advisor will say China isn’t complying with phase 1 deal reached under Trump, according to sources

U.S. Trade Representative Katherine Tai will announce Monday that China is not complying with the so-called phase one trade deal reached under former President Donald Trump’s administration, sources familiar with the matter told CNBC’s Kayla Tausche. Under the agreement, China was supposed to purchase an additional $200 billion in U.S. goods over a two-year period, … Read more

Top US general Mark Milley faces Republican grilling over Trump storm – live

2.56pm BST14:56 Defense secretary Lloyd Austin began his opening remarks by defending the execution of the Kabul mission, noting that the US military helped evacuate more than 120,000 people over two and a half weeks. “Was it perfect? Of course not,” Austin said. The defense secretary acknowledged that the Pentagon is “still working to get … Read more

China will likely fail in its CPTPP bid — but it’s a ‘smart’ move against the U.S., say analysts

Chinese President Xi Jinping on Jan. 30, 2015. China has applied to join CPTPP, an 11-nation trade pact formed in 2018 after the U.S. withdrew from the Trans-Pacific Partnership. Fred Dufour | AFP | Getty Images China will likely fail in its bid to join the Comprehensive and Progressive Trans-Pacific Partnership — but its move … Read more

Psaki: Biden will not invoke executive privilege to block access to Capitol riot records – live

Karen Bass, a Democratic congresswoman from California, is reportedly planning to run for Los Angeles mayor. The Washington Post first reported the news. Karen Bass. Photograph: REX/Shutterstock Although the field is still shaping up, Bass’ national profile and broad popularity would make her a top contender for the position Eric Garcetti is vacating to be … Read more