Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
United Airlines will take its 14 Boeing 737 Max jets off its schedule for another month, through Aug. 3, canceling another 1,290 flights.Airlinesread more
Trade could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and the bond market, which is flashing new worries about...Market Insiderread more
About three dozen House Democrats have called for impeachment hearings on President Donald Trump, a billionaire's TV ads rip the House for "doing nothing," and legal experts...Politicsread more
The Trump administration on Friday invoked a rarely used provision in federal law to bypass congressional review of arms sales to Saudi Arabia, citing threats the kingdom...Politicsread more
This is a breaking news story. Please check back for updates.
The United States and Cuba have reached an agreement to re-open embassies and restore formal diplomatic relations after more than 50 years, President Barack Obama said Wednesday.
In a statement, the Cuban government said the countries would re-open embassies in each other's capitals on July 20. A U.S. official told Reuters no date had yet been set for Secretary of State John Kerry to travel to Cuba and open the embassy.
Speaking from the White House on Wednesday, Obama called the move "yet another demonstration that we don't have to be imprisoned by the past."
"Our efforts to isolate Cuba, despite our good intentions, increasingly had the opposite effect," Obama said.
Obama and Cuban President Raul Castro struck a deal in December to thaw diplomatic relations severed by the United States in 1961, soon after the island's revolution. Re-opening embassies was considered a key step in the process.
On Wednesday, Obama urged Congress to scrap a long-standing trade embargo, allowing goods and people to flow more freely between the U.S. and Cuba. The Cuban government in a statement called lifting the blockade "indispensable for the normalization of relations."
The sides held talks late last month, attempting to nail down specifics of normalizing relations. They were the first negotiations since the U.S. removed Cuba for a list of state sponsors of terrorism in April.
Obama noted that "serious differences" linger between the countries on civil liberties and human rights.
"Cuba shall continue to be involved in the process to update its economic and social model in order to build a prosperous and sustainable socialism," the Cuban government said.
The countries hold interest sections in each other's capitals rather than embassies. Currently, U.S. diplomats need permission to leave Havana, while Cuban diplomats cannot travel outside of Washington or New York.
Washington previously stressed that it wanted assurances its diplomats could move more freely around Cuba.
— CNBC's Everett Rosenfeld contributed to this report