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
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
The race is underway to find a vaccine that can control African swine fever, a highly contagious and deadly viral infection ravaging China's hog population. There is currently...Agricultureread 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
A highly classified U.S. government satellite appears to have been totally lost after being taken into space by a recent launch from Elon Musk's SpaceX, according to a new report.
Dow Jones reported Monday evening that lawmakers had been briefed about the apparent destruction of the secretive payload — code-named Zuma — citing industry and government officials
The payload was suspected to have burned up in the atmosphere after failing to separate perfectly from the upper part of the SpaceX Falcon 9 rocket, the report said.
According to Dow Jones, the absence of official word on the incident means that there could have been another chain of events.
The missing satellite may have been worth billions of dollars, industry officials estimated to the wire service.
Northrop Grumman, which built the satellite, told Dow Jones through a spokesman: "We cannot comment on classified missions."
"For clarity: after review of all data to date, Falcon 9 did everything correctly on Sunday night," Gwynne Shotwell, President and COO of SpaceX, in a statement sent to CNBC. "If we or others find otherwise based on further review, we will report it immediately. Information published that is contrary to this statement is categorically false. Due to the classified nature of the payload, no further comment is possible."
"Since the data reviewed so far indicates that no design, operational or other changes are needed, we do not anticipate any impact on the upcoming launch schedule. Falcon Heavy has been rolled out to launchpad LC-39A for a static fire later this week, to be followed shortly thereafter by its maiden flight. We are also preparing for an F9 launch for SES and the Luxembourg Government from SLC-40 in three weeks."
The Zuma spacecraft was attached to one of SpaceX's Falcon 9 rockets and launched from the Cape Canaveral Air Force Station in Florida. The Falcon 9 successfully landed back to base.
Landing and reusing rockets is the main aim of SpaceX scientists, who argue that it reduces the cost of launches and allows it to perform more missions.
SpaceX did not reveal the purpose of Zuma because it is classified, but the mission marked Elon Musk's company's first in 2018.
—CNBC's Arjun Kharpal contributed to this report.