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
Billionaire entrepreneur Richard Branson has revealed photos of the devastation wreaked by Hurricane Irma on his private island in the Caribbean.
In a series tweets over the weekend, the Virgin founder showed the destruction felt by Necker Island and other surrounding British Virgin Islands when the category 5 storm hit last week.
Describing the damage to his luxury resort as "huge", the images depict fallen palm trees, exposed buildings and destroyed furniture.
On neighbouring Virgin Gorda, photos of the damage were more pronounced. In a blog post published Friday, Branson said resorts had been "decimated."
"The boats are piled up like matchsticks in the harbour. Huge cargo ships were thrown out of the water and into rocks. Resorts have been decimated. The houses have their roofs blown off; even some churches where people sheltered have lost roofs," Branson wrote.
The businessman holed himself up in a wine cellar with his family and members of his team as Hurricane Irma hit Necker Island late last week. His son Sam wrote in an Instagram post shortly afterwards that everybody on the island had survived, though many of its buildings had been destroyed.
Branson has since remained in the Caribbean to assist with the relief effort, deploying his private yacht Necker Belle to carry supplies from Barbados to the worst-hit islands.
However, he called on U.S. and U.K. governments to step up their support.
"Governments – the UK in the British Virgin Islands, the US in the US Virgin Islands - need to do all they can to help people here who have lost their homes and in many cases will have lost their livelihoods after the storm," Branson wrote in his blog.
U.S. President Donald Trump on Sunday approved a major disaster declaration for Florida and ordered federal aid to help the state struck by Hurricane Irma. Meanwhile, the British government is to provide a £32 million ($42 million) relief fund and double public donations made to the Red Cross appeal. Yet both governments have faced criticism for not doing enough.
Branson added that the Hurricane points to the damaging effects of climate change, and said more must be done to prevent further similar disasters.
"Man-made climate change is contributing to increasingly strong hurricanes causing unprecedented damage. The whole world should be scrambling to get on top of the climate change issue before it is too late – for this generation, let alone the generations to come," said Branson.
Trump has famously denounced the notion of man-made climate change and in June 2017 pulled the U.S. out of the Paris Agreement on climate change mitigation.
Follow CNBC International on and Facebook.