The Traderszone Network

U.S. stocks rose on Wednesday, with the Dow Jones industrial average closing at a record high, boosted by the latest merger news and some strong corporate earnings. Time Warner Inc shares jumped 17.1 percent to $83.13 and ranked as the S&P 500’s best performer after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down. Twenty-First Century Fox shares fell 6.2 percent to $33.00.

As another earnings season nears, investors in the nation’s restaurant chains are hoping for a better showing than what they got in the first three months of the year.

The U.S. House voted Wednesday in support of making it easier for banks to do business with legal pot shops and providers of medical marijuana.

Billionaire investors Carl Icahn and William Ackman made up publicly on stage at the CNBC Institutional Investor Delivering Alpha Conference on Wednesday with each man praising the other. The investors …

Two billionaire money managers who own shares in Time Warner Inc. (TWX) said Rupert Murdoch’s bid for the media company will be hard to resist, particularly if he comes back with a higher offer.

Leaders of the five BRICS nations agreed on the structure of a $50 billion development bank by granting China its headquarters and India its first rotating presidency. Brazil, Russia and South Africa were also granted posts or units in the new bank. The leaders also formalized the creation of a $100 billion currency exchange reserve, which member states can tap in case of balance of payment crises, according to a statement issued at a summit in Fortaleza, Brazil.

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Bears may be making the most noise on Wall Street, but bulls expect to see stocks stay on a record-setting course this summer.