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Updated: 3 hours 2 min ago

Musk to review all of Tesla's expenses in new cost cutting plan

Thu, 05/16/2019 - 6:09pm
Tesla Inc Chief Executive Officer Elon Musk told employees on Thursday that he will increase scrutiny of the company's expenses in his latest initiative to cut costs at the electric car maker.

Wall St. rises for third straight day on data, earnings

Thu, 05/16/2019 - 5:13pm
Wall Street closed higher on Thursday as upbeat earnings and strong economic data put investors in a buying mood, with technology companies leading the charge.

Chelsea Manning to ask court to quash new grand jury subpoena

Thu, 05/16/2019 - 10:58am
Former U.S. Army soldier Chelsea Manning, facing a fresh grand jury subpoena to testify about her contacts with WikiLeaks, will ask a federal court on Thursday to quash the subpoena, a spokesman for her legal team said.

Five U.S. states sue Purdue Pharma over marketing, selling of opioids

Thu, 05/16/2019 - 10:42am
Five U.S. states on Thursday filed lawsuits accusing Purdue Pharma LP of illegally marketing and selling opioids, including OxyContin, contributing to a nationwide epidemic.

Britain's May to agree departure after latest Brexit deal bid

Thu, 05/16/2019 - 10:41am
British Prime Minister Theresa May will set out a timetable for her departure in early June after the latest attempt to get her Brexit deal approved by parliament, the chairman of a powerful Conservative Committee said on Thursday.

Brexit campaigner Boris Johnson to stand as next UK Conservative leader

Thu, 05/16/2019 - 10:41am
Boris Johnson, the face of the campaign for Britain to leave the European Union, said on Thursday he will be standing as a candidate to replace Prime Minister Theresa May as Conservative leader.

China formally arrests two Canadians on state secrets charges

Thu, 05/16/2019 - 10:39am
Chinese authorities have formally arrested on state secrets charges two Canadians detained last year, the government said on Thursday, drawing condemnation from Canada in a case that is likely to further increase tension between Ottawa and Beijing.

Merkel dismisses speculation she could move to big EU job

Thu, 05/16/2019 - 10:34am
Germany's Angela Merkel reaffirmed on Thursday that she would leave politics after serving out her fourth term as chancellor, dismissing speculation that she could take a big European Union job in Brussels.

Stocks, U.S. yields rise after strong economic data

Thu, 05/16/2019 - 10:29am
World stock markets and U.S. benchmark bond yields gained on Thursday following strong economic data as investors assessed the latest developments in global trade relations.

Wall St. gains on earnings boost, strong economic data

Thu, 05/16/2019 - 10:29am
U.S. stock indexes rose 1 percent on Monday and were on pace to extend a two-day winning streak, lifted by better-than-expected earnings from Cisco and Walmart, and robust economic data that underscored the strength of the domestic economy.

New York Mayor de Blasio becomes 24th Democrat in crowded 2020 White House field

Thu, 05/16/2019 - 10:26am
New York City Mayor Bill de Blasio entered the crowded 2020 presidential race on Thursday, arguing that his record of progressive accomplishments in the country's biggest city positioned him as the perfect foil to President Donald Trump.

EU fines Barclays, Citi, JP Morgan, MUFG and RBS $1.2 billion for FX rigging

Thu, 05/16/2019 - 9:28am
Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market.

Britain's May to set out departure timetable in early June: 1922 Committee

Thu, 05/16/2019 - 9:25am
British Prime Minister Theresa May and a powerful committee of Conservative lawmakers will meet after her latest attempt to pass her Brexit deal in early June to agree the timetable for her departure, the committee's chair said on Thursday.

Police smash 'GozNym' cybercrime network that stole $100 million

Thu, 05/16/2019 - 9:24am
Police in six countries have dismantled a complex cybercrime network that operated from Eastern Europe and fleeced victims - including small businesses and charities - of some $100 million, Europe's police agency said on Thursday.

UK PM May to discuss leadership election timetable after vote on Brexit deal

Thu, 05/16/2019 - 9:24am
British Prime Minister Theresa May will discuss a timetable for the election of a new Conservative Party leader no matter what the result of a vote on the second reading of her Withdrawal Agreement Bill, the chairman of the 1922 Committee said.

Walmart says higher China tariffs will increase prices for U.S. shoppers

Thu, 05/16/2019 - 9:24am
Walmart Inc said on Thursday that prices for shoppers will go up due to higher tariffs on goods from China as the world's largest retailer reported its best comparable sales growth for the first quarter in nine years.

Take or pay: Belgian ex-king faces paternity fines

Thu, 05/16/2019 - 9:13am
A Belgian court has ordered the country's former king to pay 5,000 euros ($5,600) a day until he takes a DNA paternity test to resolve a long-running case brought by a woman who says she is his daughter.

Factbox: Who is hoping to be Britain's next prime minister?

Thu, 05/16/2019 - 8:15am
Prime Minister Theresa May has said she will step down before the next phase of Brexit negotiations and, although she has not put a date on her departure, senior members of her Conservative Party are jostling to replace her.

U.S. weekly jobless claims fall more than expected

Thu, 05/16/2019 - 8:09am
The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to sustained labor market strength that should underpin the economy as growth slows.

Airbus CEO says all planemakers to suffer from 'lose-lose' trade war

Thu, 05/16/2019 - 7:43am
Airbus Chief Executive Guillaume Faury warned on Thursday any further escalation of trade tensions would damage aerospace firms globally, including the European planemaker's U.S. rival Boeing.