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
The Mississippi law is one among a number of states that have moved to pass new restrictions on abortion this year.Politicsread 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
U.S. housing starts rebounded strongly in June and building permits surged to a near eight-year high, pointing to a rapidly strengthening housing market.
Groundbreaking increased 9.8 percent to a seasonally adjusted annual pace of 1.17 million units, the Commerce Department said on Friday.
Read MoreHow Dodd-Frank changed housing
May's starts were revised up to a 1.07 million-unit rate from the previously reported 1.04 million-unit pace.
Economists polled by Reuters had forecast housing starts increasing to a 1.11 million-unit pace last month.
Rising household formation as a tightening labor market encourages young adults to leave parental homes is boosting demand for housing, especially apartments.
Permits for future home construction increased 7.4 percent to a 1.34 million-unit rate, the highest level since July 2007. Permits have been above a 1 million-unit pace since July.
A survey on Thursday showed builders' confidence held at a more than 9-1/2-year high in July, suggesting that both permits and groundbreaking have scope to rise further. Economists anticipate that the housing market will mitigate the drag on the economy from a struggling manufacturing sector.
While groundbreaking for single-family homes, which account for the largest share of the market, slipped 0.9 percent to a 685,000 unit pace, that reflected a big drop in the Northeast.
Single-family starts in the South, where most of the home building takes place, jumped to their highest level since March 2008.
Starts for the volatile multifamily segment surged 29.4 percent to a 489,000 unit rate. Groundbreaking for buildings with five units or more increased to the highest level since November 1987.
Single-family building permits rose 0.9 percent. Multi-family building permits soared 15.3 percent. Permits for buildings with five units or more increased to their highest level since January 1990.