A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.Marketsread more
The S&P 500 is only about 3% from its recent record high despite a tariff panic sell-off, negative investor sentiment and stock outflows.Trading Nationread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
People investing in some technology stocks should not expect them to go up anytime soon, warns the "Mad Money" host.Investingread more
Google has suspended business activity involving the transfer of hardware, software and key technical services with Huawei. Analysts say that could be a big blow to the...Technologyread more
Sprint and T-Mobile US on Monday will announce a series of changes to their $26 billion deal, while U.S. regulators are expected to announce agreement on the conditions...Technologyread more
Wedbush cuts its price target on Tesla shares to $230 from $275.Investingread more
The suit claims Lyft failed to disclose issues it knew about concerning its bike-sharing program and labor.Technologyread more
Robert Smith announced that he and his family would set up a grant to pay off the nearly 400 graduating seniors' student loans. The total gift is estimated at $40 million.Personal Financeread more
(Adds background on Democrats and climate change)
WASHINGTON, May 2 (Reuters) - The U.S. House of Representatives on Thursday passed its first climate-change bill in a decade, voting 231-190 to require that Trump administration keep the United States as a party to the Paris Climate Agreement.
The Climate Action Now Act would require President Donald Trump to develop a plan for the United States to meet the goals it committed to in the Paris agreement to reduce its greenhouse gas emissions and block federal funds from being used to advance the formal U.S. withdrawal from the pact.
Trump has stood by his 2017 decision to withdraw the United States from the 2015 climate accord and has been dismissive of regulations aimed at slashing greenhouse gas emissions.
The bill, which passed along party lines, as expected, with three Republicans backing the measure, was meant to signal to the international community that many Americans support the Paris agreement regardless of Trump's decision to abandon it.
Today we sent a message to the president, to the American people and to the world that we recognize the seriousness of the climate crisis, and that we intend to do our part to address it. Today we sent the message: We are still in, " said Representative Frank Pallone, chairman of the House energy committee.
Senate majority leader Mitch McConnell said the Senate would not take up the legislation, dismissing the bill as "political theater" by Democrats.
Democrats have put climate change back on the agenda in Congress after re-gaining the majority in the House earlier this year, holding dozens of hearings on the issue.
Many of the Democratic candidates hoping to challenge Trump in the 2020 presidential election have made climate change a top-tier issue of their campaigns. All have backed re-entering the United States into the Paris Climate Agreement.
A few candidates, including most recently former Texas Representative Beto O'Rourke, have also supported setting a goal for the United States to reach net-zero emissions by 2050 - one of the goals of the Paris agreement.
(Reporting by Valerie Volcovici Editing by James Dalgleish and Leslie Adler)