A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard said the British tanker, Stena Impero, failed to follow international maritime rules.World Newsread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
"You need to understand that we're about to embark on the busiest week of the year for industrial earnings," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
The MTA reported that the 1, 2, 3, 4, 5 and 6 trains are all facing delays due to a network communications issue impacting service in both directions, NBC New York reports.Transportationread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
US officials including Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow will host a meeting at the White House on Monday of semiconductor and...Technologyread more
Trump's constant berating of the Fed and its actions does not influence the central bank's decisions, Boston Fed's Eric Rosengren says.The Fedread more
The lawsuits allege J&J's talc-based baby powder contained asbestos and caused ovarian and other cancers.Health and Scienceread more
BRUSSELS, July 4 (Reuters) - European Union nations on Thursday voted against the EU executive's proposal for a wifi-based car standard in a blow to its backer Volkswagen , an EU official said.
Twenty one countries - including Germany, France and Italy which have powerful auto industries - voted against the proposal at a meeting of EU representatives in Brussels of the bloc's 28 member states, the official said.
EU lawmakers in April endorsed the wifi plan over 5G technology promoted by BMW and Qualcomm.
The executive European Commision wants to set benchmarks for internet connected cars, a market that could generate billions of euros in revenues for carmakers, telecoms operators and equipment makers, according to analysts.
The issue has split the auto and tech industries and triggered fierce lobbying from both sides seeking a share of a potentially lucrative market.
Wifi technology supporters also include Renault, Toyota, NXP, Autotalks and Kapsch TrafficCom. The technology primarily connects cars to other cars.
5G backers include Daimler, Ford, PSA Group , Deutsche Telekom, Ericsson, Huawei, Intel, Qualcomm and Samsung .
Fifth generation, or 5G, standard hooks up to both cars and devices in the surrounding environment, with a wider range of applications in areas such as entertainment, traffic data and general navigation.
The Commission has defended its stance on wifi technology, saying it is available, unlike 5G, and would help to boost road safety.
Critics have said a requirement that new technologies be modified to be compatible with older technology is unrealistic and would put a brake on innovation. (Reporting by Foo Yun Chee; Editing by Alissa de Carbonnel and Mark Potter)