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Treasury Secretary Steve Mnuchin said Monday that he would "take the over" on bets that the U.S. economy would growth by 3% in 2018 and said he "wouldn't be surprised" to see stocks higher by the end of the year.
U.S. stocks rose on Monday after Treasury Secretary Steve Mnuchin told Fox News on Sunday that the U.S. is putting the trade war with China "on hold."
Global stocks rallied across the board Monday as investors cheered reports that talks between the U.S. and China appeared to have averted a damaging trade war between the world's two biggest economies.
GE confirmed Monday that it's merging its transportation business with Wabtec in an $11.1 billion tie-up that's also the biggest deal to day for first year CEO John Flannery.
U.S. stock futures rise sharply as investors react to a thaw in the trade war rhetoric between the U.S. and China; General Electric reportedly nears deal to merge its transportation unit with Wabtec; Tesla CEO Elon Musk tweets about an upgrade to the electric carmaker's Model 3 series.