Philip Morris International is in discussions with Altria about a possible all-stock, merger of equals, the tobacco giants announced Tuesday. The companies did not disclose the stake each would expect to hold in a newly combined company, but people familiar with the talks told CNBC that PMI and Altria are …

Rushdie made his name on the breathtaking originality of his 1981 novel, “Midnight’s Children,” the story of a boy “handcuffed to history,” born at the exact second of Indian independence. It was told in the voice of Bombay — rowdy, musical, tender and profane — a new voice for a …

Chinese stocks are bouncing back hard since Monday after five straight weeks of losses. The FXI China large-cap index has roared nearly 2% this week, almost double the gain of the S&P 500. The group has rebounded after President Donald Trump eased back on trade tensions, recommitting to a trade deal …

Trader on the floor of the New York Stock Exchange. Lucas Jackson | Reuters For the first time since the financial crisis, stocks are earning more for investors than key long-term Treasury notes. The U.S. 30-year yield dropped below the S&P 500’s dividend yield on Tuesday. It’s the first time …

President Donald Trump answers questions from reporters as he meets with Romania’s President Klaus Iohannis in the Oval Office of the White House In Washington. August 20, 2019. Kevin Lamarque | Reuters Fears about a flagging economy have jumped to the top of President Donald Trump’s mind. As unusual bond …

An oil worker in the Bakken shale formation outside Watford City, North Dakota. Getty Images The oil market is already struggling with too much supply, and the U.S. is about to flood the world with a lot more. In the last decade, the U.S. has more than doubled oil production …

Democratic 2020 U.S. presidential candidate and former Vice President Joe Biden reacts during a campaign Community Event at Keene State College in Keene, New Hampshire, U.S., August 24, 2019. Elizabeth Frantz | REUTERS After an event at Keene State College in New Hampshire over the weekend, a student walked up …

Hillary Kladke | Moment | Getty Images Trying to time the stock market is considered a fool’s errand. Yet is it ever a good idea to move entirely to cash? The answer from financial advisors is typically an emphatic no. Some, however, offer a caveat. “If you have all the …

The dog days are here. August has lived up to its reputation of being a historically volatile month, with the major averages enduring several-hundred-point swings week in and week out as U.S.-China trade tensions escalated and recession risks rose. What’s the best way for investors to play the violent swings? …

Man annoyed at his phone and computer. GaudiLab | iStock | Getty Images Every now and then, I look at my Google Calendar and see a bunch of random invites to video chats with people I’ve never met. Recently, my colleague noticed that her calendar was flooded for “invites” that …