The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
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
Mississippi is one of several states that have moved to pass new restrictions on abortion this year.Politicsread more
Ivanka Trump's clothing company has been hit with a class action lawsuit by a San Francisco rag trade rival who claims she is cashing in on her pop being president of the United States.
Modern Appealing Clothing (MAC) says the first daughter 's firm has also gained an "unfair advantage" from from her husband Jared "working for the President of the United States" and charged that President Trump, his trusted adviser Kellyanne Conway, and White House spokesman Sean Spicer have all helped boost sales of Ivanka Trump Marks LLC products.
More from NBC News:
"That advantage is specifically prohibited by the Constitution and laws of the United States and the law of the State of California," MAC claimed in court documents filed last week in San Francisco Superior Court and first obtained by the International Business Times.
Ivanka Trump and her "employees and agents have" been "exploiting the power and prestige of the White House for personal gain, including, but not limited to, piggy-backing promotion of defendant Ivanka Trump products on appearances at executive branch and other governmental events."
MAC is seeking a restraining order that would bar any Ivanka Trump label clothing or accessories from being sold in California.
"As a result of their unlawful acts, defendants have reaped and continue to reap benefits and illegal profits at the expense of plaintiff MAC and the Class it seeks to represent," the papers state.
In an email to NBC News, a rep for the Ivanka Trump brand declined to comment on the lawsuit.
The suit comes as the president's daughter stakes out an even closer position to her dad: Ivanka plans to join his team at the White House — although she won't be an official "staffer," a source familiar with the move told NBC News.
She won't have an official title or take a salary, but she will occupy an office on the second floor of the West Wing.
Her goal is to "create positive value," the source said, adding that the move is being planned in consultation with the Office of Government Ethics and White House attorneys.
Politico, which first reported the new role, said that Ivanka will serve as her father's "eyes and ears" and would subject herself to the same ethics rules as government employees.
"Having an adult child of the president who is actively engaged in the work of the administration is new ground," Ivanka Trump's lawyer, Jamie Gorelick, told Politico. "Our view is that the conservative approach is for Ivanka to voluntarily comply with the rules that would apply if she were a government employee, even though she is not."
Still, ethics questions have persisted for the Trump Administration. The president was accused of boosting his daughter's business by lashing out against Nordstrom when the retailer announced it was dropping Ivanka Trump's line because of dwindling sales.
And Conway ran afoul of the White House ethics office when she told Americans on a Fox News show last month "to go buy Ivanka's stuff."