Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.Marketsread more
An Air Canada passenger traveling to Toronto from a weekend in Quebec City found herself stranded alone on the tarmac and in the dark, in what she described as a "nightmare."Airlinesread more
When Victoria's Secret exited the swimsuit business in 2016, it opened the floodgates for start-ups to conquer that market.Retailread more
U.K. online bank Monzo raised $144 million in a fresh round of funding led by the U.S. start-up accelerator Y Combinator.Technologyread more
The government is using the Financial Institutions Reform, Recovery and Enforcement Act to issue the civil subpoena, a 1989 law used in investigating large financial institutions, said the source who requested anonymity, citing the sensitivity of the ongoing probe. The law allows the government's civil division to investigate fraud over the last 10 years.
VW spokeswoman Jeannine Ginivan declined to comment on talks with regulators, but said the automaker "will continue to cooperate with all relevant government agencies."
The Wall Street Journal reported the subpoena earlier Tuesday. The law has been used to subpoena auto loan finance companies in recent years, among other companies.
VW faces investigations around the world after it admitted in September to installing software in up to 11 million vehicles that allowed them to emit up to 40 times legally allowable pollution in real world driving.
Last month, a federal judge imposed a March 24 deadline for Volkswagen to state whether it has found an emissions fix for 600,000 U.S. diesel vehicles that is acceptable to U.S. regulators.
The U.S. Justice Department in January sued Europe's Volkswagen for up to $46 billion for violating U.S. environmental laws. VW and its Audi and Porsche brands are barred from selling any new 2016 diesel models in the United States. VW also faces more than 500 lawsuits from U.S. owners.
Settlement talks are still ongoing between the Justice Department, EPA and California Air Resources Board that could include buyback offers and fixes for vehicles.