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The US is on track to become the world's biggest oil producer. Energy Information Administration data released Wednesday shows the US will produce 11.8 million barrels a day next year, putting it ahead of both Saudi Arabia and Russia, the Associated Press reports.
UK - Defeat - EU - Vision - City
The UK is set to concede a major defeat to the EU in its post-Brexit vision for the City of London. Prime Minister Theresa May has moved on from mutual recognition — which would have meant the UK recognizing EU regulations around the financial-services industry, and the EU doing the same with the UK, the Financial Times says.
Several investors are calling bluff on a major stock-market rotation that could be warning of doom. Defensive sectors have recently outperformed cyclical-growth sectors, but some argue that may not mean a stock-market meltdown is coming.
Comcast - Century - Fox - Offer - Sky
Comcast tops 21st Century Fox's offer for Sky. Comcast's latest offer values Sky at 26 billion British pounds ($34 billion), or 14.75 pounds per share.
Broadcom is buying CA Technologies for $18.9 billion. Broadcom will pay $44.50 a share in cash for each...
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