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Updated: 5 hours 48 min ago

Oil majors win dismissal of New York City climate lawsuit

Thu, 07/19/2018 - 8:20pm
A U.S. judge on Thursday dismissed a lawsuit by New York City seeking to hold major oil companies liable for climate change caused by carbon emissions from burning fossil fuels.

Trump criticizes Federal Reserve interest rate policy despite strong economy

Thu, 07/19/2018 - 6:48pm
U.S. President Donald Trump on Thursday criticized Federal Reserve policy even though most economists believe the highest inflation in seven years and lowest unemployment in 40 years justify recent interest rate rises and a strong U.S. dollar.

EU, Mexico automakers blast Trump auto tariff plan

Thu, 07/19/2018 - 5:56pm
The Trump administration on Thursday came under withering criticism from automakers, foreign governments and others as officials consider imposing tariffs of up to 25 percent on imported cars and parts, a levy that could hike vehicle costs, hurting auto sales and industry jobs.

Trump and dollar: friend or foe?

Thu, 07/19/2018 - 5:28pm
Donald Trump's comments that a strong dollar "puts us at a disadvantage" caused an instant fall in the greenback on Thursday and marked another example of the U.S. president commenting directly - and sometimes contradictorily - on the country's currency.

Trump invites Putin to Washington after interview furor

Thu, 07/19/2018 - 4:39pm
U.S. President Donald Trump rejected Russian President Vladimir Putin's proposal that Russian authorities be allowed to question American citizens, the White House said on Thursday, after the offer drew fierce criticism in the United States.

Days after Helsinki summit, Russia shows off Putin's 'super weapons'

Thu, 07/19/2018 - 4:39pm
Russia on Thursday broadcast a series of videos showing the testing and operation of a new generation of nuclear and conventional weapons, days after Vladimir Putin and U.S. President Donald Trump discussed how to avoid an arms race.

U.S. intelligence chief: I don't know what happened at Trump-Putin meeting

Thu, 07/19/2018 - 3:51pm
U.S. Director of National Intelligence Dan Coats said on Thursday he does not know what happened in the one-on-one meeting in Helsinki between President Donald Trump and Russian President Vladimir Putin that has raised concern among many U.S. lawmakers.

Trump's consumer watchdog pick defends record in Senate hearing

Thu, 07/19/2018 - 3:41pm
President Donald Trump's choice to lead the U.S. consumer watchdog survived aggressive questioning by lawmakers on Thursday and looked on track to secure a confirmation vote that could come as soon as this month.

Dollar pares back after Trump comments; world stocks dip

Thu, 07/19/2018 - 3:35pm
The U.S. dollar pulled back from year-high levels on Thursday after U.S. President Donald Trump expressed concern about a strong currency, while disappointing earnings reports and escalating trade tensions weighed on stocks.

Comcast concedes to Disney in bidding war for Fox assets

Thu, 07/19/2018 - 3:29pm
Comcast Corp dropped its $66 billion bid for Twenty-First Century Fox Inc's entertainment assets on Thursday but said it would still try to expand its international footprint by acquiring 61 percent of European broadcaster Sky Plc , the remainder of which is owned by Fox.

Trump slams EU over $5 billion fine on Google

Thu, 07/19/2018 - 3:05pm
U.S. President Donald Trump on Thursday criticized the European Union over a record $5 billion fine EU antitrust regulators imposed on Google, saying the bloc was taking advantage of the United States.

Blackstone seeks to boost assets with new fundraising 'super cycle'

Thu, 07/19/2018 - 2:10pm
Blackstone Group LP , the world's largest manager of assets such as private equity and real estate, is kicking off a fundraising "super cycle" which could see it manage more than half a trillion dollars in assets, its chairman and CEO Stephen Schwarzman said on Thursday.

Women who sued J&J declare victory after $4.69 billion talc verdict

Thu, 07/19/2018 - 1:55pm
A woman who claimed her cancer was caused by using Johnson & Johnson's baby powder for decades said she believes justice was served after a jury found the company should pay her and 21 other women $4.69 billion in damages.

Trump says 'not thrilled' about U.S. interest rate hikes

Thu, 07/19/2018 - 1:45pm
U.S. President Donald Trump on Thursday told CNBC that he was unhappy about the Federal Reserve's decision to hike interest rates, saying he was concerned about their potential impact on the U.S. economy and American competitiveness.

Venezuelan engineers turn plastic trash into car parts amid crisis

Thu, 07/19/2018 - 1:29pm
Two young engineers have found an opportunity amid a collapsing economy in Venezuela - inside a garbage dump full of broken electronic hardware.

Exclusive: Tesla's battery maker suspends cobalt supplier amid sanctions concern

Thu, 07/19/2018 - 1:23pm
Panasonic said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its concerns.

White House rejects Putin proposal to interview U.S. citizens

Thu, 07/19/2018 - 1:18pm
U.S. President Donald Trump has rejected a proposal by Russian President Vladimir Putin that Russian investigators be allowed to question U.S. citizens, including former ambassador to Moscow Michael McFaul, the White House said on Thursday.

Trump administration proposes altering rule on drug rebates

Thu, 07/19/2018 - 1:09pm
The Trump administration has proposed a rule that would scale back protections currently in place that allow rebates between drug manufacturers and insurers and pharmacy benefits managers, according to the Office of Management and Budget (OMB) website.

U.S. must prepare for more Russian meddling: Nielsen

Thu, 07/19/2018 - 1:02pm
U.S. Homeland Security Secretary Kirstjen Nielsen on Thursday said the United States needed to be prepared for an attempt by Russia to interfere in elections in all 50 U.S. states this year, adding that there was no question Moscow interfered in the 2016 U.S. presidential contest.

Firmer U.S. dollar boosts corporate interest in currency hedging

Thu, 07/19/2018 - 12:55pm
By Saqib Iqbal Ahmed, Jessica DiNapoli and Caroline Valetkevitch