The White House has threatened to slap tariffs on apparel and footwear, leading retailers to speak out about how this would hurt business.Retailread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
CNBC's Jim Cramer says Morgan Stanley cutting its worst-case forecast on Tesla so drastically from $97 per share appears to be a gimmick.Investingread more
U.S. aviation officials believe a bird strike may have led to the deadly crash of an Ethiopian Airlines Boeing 737 Max in March, according to a person familiar with the...Aerospace & Defenseread more
The escalating trade war between China and the U.S. could increase pressure on the overall economy, according to Boston Fed President Eric Rosengren.The Fedread more
May outlined her new Brexit proposals which are being voted on by politicians next month.Europe Marketsread more
The Time's Up Legal Defense Fund, the American Civil Liberties Union and fast-food workers coalition Fight for $15 said Tuesday that they have filed 23 new complaints against...Restaurantsread more
Sales of existing U.S. homes fell 0.4% in April compared with March to a seasonally adjusted annualized rate of 5.19 million units, according to the National Association of...Real Estateread more
Japanese automakers say they generated more than 1.6 million jobs in the U.S. at manufacturing plants, dealerships and suppliers. Of those jobs, more than 94,000 people are...Autosread more
Morgan Stanley analysts said the reduction was driven by concerns around Chinese demand for Tesla products.Autosread more
The rigorous work schedule and pressure faced by U.S. doctors have them "stressed to the point of breaking" and struggling with the highest suicide rates among any profession...Healthy Returnsread more
Republicans in the U.S. House of Representatives and Senate agreed on Wednesday to $1.1 billion to fight the Zika virus, a House Republican lawmaker said, shortchanging President Barack Obama's funding request and angering Democrats by making other cuts to pay for it.
House Appropriations Committee Chairman Hal Rogers said funding would be for fiscal years 2016 and 2017. He said he hoped a vote on the measure could be held in the next day or two. Obama has requested $1.9 billion.
"With the threat of Zika virus to pregnant women especially, we must pass this bill before we leave town" this week for a ten-day recess, Rogers told reporters.
But the White House said the allocation fell short.
"This plan from congressional Republicans is four months late and nearly a billion dollars short of what our public health experts have said is necessary to do everything possible to fight the Zika virus, and steals funding from other health priorities," White House press secretary Josh Earnest said in a statement.
Earnest said the Republican plan would limit needed birth control services for women seeking to prevent Zika, which can be spread through unprotected sex — "a clear indication they don't take seriously the threat from the Zika virus."
Democrats have been urging Republicans for months to agree to more Zika funding; the White House first requested $1.9 billion in February. To fight Zika, the administration has already reprogrammed nearly $600 million that had been set aside to fight Ebola.
House Democrats said they would not go along with the deal because of $750 million in budget cuts elsewhere that the Republicans want to use to pay for the Zika spending.
Representative Nita Lowey, the top Democrat on the House Appropriations Committee, and other Democrats said the Republican agreement "provides an insufficient amount, and offsets a portion of this funding by cutting other critically needed public health resources."
Senate Democrats also voiced displeasure, clouding the outlook for it passing the Senate even if it gets through the House.
"A narrowly partisan proposal that cuts off women's access to birth control, shortchanges veterans and rescinds Obamacare funds to cover the cost is not a serious response to the threat from the Zika virus," Senate Democratic Leader Harry Reid said in a statement.
Rogers said that $543 million of the $1.1 billion would come from unspent funds that had been set aside for implementing Obamacare in U.S. territories, while $107 million would come from unused funds to fight another virus, Ebola. Another $100 million would come from unused administrative funds at the Department of Health and Human Services, he said.