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
The Mississippi law is one among a number of states that have moved to pass new restrictions on abortion this year.Politicsread more
About three dozen House Democrats have called for impeachment hearings on President Donald Trump, a billionaire's TV ads rip the House for "doing nothing," and legal experts...Politicsread more
Apple confirmed on Monday that it would buy music recognition app Shazam.
News of the deal was first reported by TechCrunch on Friday. No price was disclosed, but Recode has reported the price around $400 million, a significant discount from its last valuation, which was reportedly around $1 billion.
"We are thrilled that Shazam and its talented team will be joining Apple. Since the launch of the App Store, Shazam has consistently ranked as one of the most popular apps for iOS," the company said in a statement.
"Apple Music and Shazam are a natural fit, sharing a passion for music discovery and delivering great music experiences to our users," it said.
It's one of Apple's largest deals to date, though still a drop in price from the $1 billion Shazam was valued at during its last funding round.
Shazam is already integrated into Apple's Siri voice assistant, but the deal likely signals Apple's interest to expand its use of the technology.
Apple could potentially use Shazam to add a feature like one found on Google's new Pixel 2, which automatically shows a user which song is playing right on the lock screen. This means a user doesn't have to open another app, such as Shazam.