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Wall Street posts sharp gains, fueled by strong consumer data

U.S. stocks ended sharply higher on Tuesday, with financial and energy shares surging as data showed U.S. consumer confidence soaring to a more than 16-year high.

Recent Business News

Possible Westinghouse bankruptcy a potential security concern: U.S. official

WASHINGTON The possible bankruptcy of U.S. nuclear developer Westinghouse Electric Co is a "concern" for President Donald Trump's administration and a potential national security issue, an administration official told Reuters on Tuesday.

4:49pm EDT

Consumer confidence hits 16-year high in boost to economy

WASHINGTON U.S. consumer confidence surged to a more than 16-year high in March amid growing labor market optimism while the goods trade deficit narrowed sharply in February, indicating the economy was regaining momentum after faltering at the start of the year.

1:26pm EDT

ZTE removed from U.S. trade blacklist

WASHINGTON The U.S. Commerce Department will remove Chinese telecom equipment maker ZTE Corp from a trade blacklist after the company admitted to violating sanctions on Iran, the Commerce Department said in a notice made public on Tuesday,

3:15pm EDT

U.S. House committee approves bill to increase scrutiny of Fed

WASHINGTON A Republican-controlled committee of lawmakers approved a bill on Tuesday to allow a congressional audit of Federal Reserve monetary policy, a proposal Fed policymakers have opposed and which faces an uncertain path to final approval.

Politics, Election 2016 1:21pm EDT

MoneyGram bidder Euronet ramps up fight to stop Chinese rival's bid

WASHINGTON Euronet Worldwide Inc ramped up its fight against China's Ant Financial Services Group in trying to acquire MoneyGram International Inc , urging the U.S. government to closely scrutinize the rival Chinese bid saying it raises "significant national security risks."

China, Deals 4:15pm EDT

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