More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Huawei CEO Ren Zhengfei tells CNBC the company's business is still strong in China.Technologyread more
Facebook's new cryptocurrency project, titled Libra and backed by the likes of Visa and Booking Holdings, is being widely embraced by market watchers.Trading Nationread more
U.S. President Donald Trump officially kicked off his reelection campaign Tuesday at a Florida rally where he exhorted thousands of rollicking supporters to keep advancing his...Politicsread more
But BlackRock's global fixed income chief also says he doesn't think the Fed will announce a rate cut until July.Market Insiderread more
As Beijing has raised duties in response to the Trump administration's spate of tariff announcements, it also lowered trade barriers for exporters around the world.Marketsread more
Global watchdogs and top U.S. Congress members are calling for oversight of a digital asset being launched by Facebook and roughly two dozen other stakeholders.Marketsread more
Mortgage applications were down 3.4% from the previous week, but still up 31.6% from a year earlier, according to the Mortgage Bankers Association.Real Estateread more
Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
Sen. Josh Hawley, a well-known tech critic, introduced legislation on Wednesday that would remove the immunity big technology companies receive for user-posted content under...Technologyread more
A man said by federal prosecutors to have been a top leader of New York's notorious Gambino crime family was shot and killed Wednesday on Staten Island.
Francesco "Franky Boy" Cali, 53, was found with multiple gunshot wounds to his body at his home in the borough's Todt Hill section just after 9 p.m.
Cali was taken to a hospital where he was pronounced dead. There have been no arrests.
No other information was provided by police.
Federal prosecutors in Brooklyn had referred to Cali in court filings in recent years as the underboss of the Gambino organization, related through marriage to the Inzerillo clan in the Sicilian Mafia.
Multiple press accounts since 2015 said Cali had ascended to the top spot in the gang, although he never faced a criminal charge saying so.
His only mob-related criminal conviction came a decade ago, when Cali pleaded guilty in an extortion conspiracy involving a failed attempt to build a NASCAR track on Staten Island. He was sentenced to 16 months in federal prison and was released in 2009.
The last crime family boss to be shot in New York City was Paul Castellano. The Gambino crime boss was assassinated outside Sparks Steakhouse in Manhattan in 1985.
The Gambino Family was once among the most powerful criminal organizations in the U.S., but federal prosecutions in the 1980s and 1990s sent its top leaders to prison and diminished its reach.