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After nearly three years of haggling with the European Union, the opposition and members of her own party, British Prime Minister Theresa May is stepping down. A Conservative Party contest to replace her as leader will begin June 7 and likely last for about six weeks, during which time May will remain prime minister.

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U.S. STOCKS SURGE, YIELDS SLIP AFTER TRUMP SAYS HE TALKED WITH XI What the New tax bill means for You What the New Tax Bill Means for You The enactment of the Tax Cuts and Jobs Act represents "the most sweeping overhaul of the U.S. tax code in more than 30 years." 1 For millions of Americans and businesses it means an altered financial and investment landscape with new opportunities and challenges in the years ahead.All three major U.S. stock averages slip into the red after President Trump says he could slap more tariffs on China. The 10-year Treasury yield rises 2 basis points to 2.115%; earlier it had been.