J.P. Morgan economists say they now see a much slower economy in the second quarter, with growth of just 1%.Market Insiderread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses, writes Nomura.Marketsread more
United Airlines will take its 14 Boeing 737 Max jets off its schedule for another month, through Aug. 3, cancelling another 1,290 flights.Airlinesread 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 one in every...Health and Scienceread more
The Pentagon will send additional American troops, drones and fighter jets to the Middle East amid increasing tensions between the United States and Iran.Politicsread 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
A spokesman for Nadler told CNBC that the chairman is "okay," and that he "seems to have been dehydrated and it was very warm in the room."Politicsread more
The Moelis & Co. founder says the current market volatility from tense U.S.-China relations is impacting large-cap stocks.Investingread more
The meeting is expected to take place on the sidelines of the Shangri-La Dialogue defense summit in Singapore.Defenseread more
Former professional wrestler Hulk Hogan, whose lawsuit against Gawker Media precipitated its bankruptcy, will serve on the committee of unsecured creditors, according to a court filing.
The U.S. Trustee, a bankruptcy watchdog, appointed Hogan to the committee on Friday. Hogan won a $140 million judgment against Gawker in a lawsuit after the gossip website published an excerpt from a sex tape in which he appeared.
Gawker filed for bankruptcy this month with a plan to sell itself to online publisher Ziff Davis for $90 million, setting the floor for bids in a court-supervised auction scheduled to take place later this summer.
The committee makes sure value is maximized for creditors, and in this case will ensure the sale generates the biggest recovery possible, according to attorneys familiar with the case.