Avie Schneider

Updated at 5:02 p.m. ET

The power plays for Hollywood's biggest studios are coming fast and furious.

Comcast on Wednesday made a $65 billion offer for some of the biggest Hollywood holdings of 21st Century Fox, the global television and entertainment conglomerate controlled by Rupert Murdoch and his family. The deal would not include Fox News.

Updated at 12:18 p.m. ET

Commerce Secretary Wilbur Ross on Thursday announced a deal with Chinese telecommunications company ZTE that includes a $1 billion fine — a move that may indicate progress in high-stakes trade talks between the U.S. and China.

Updated at 4:05 p.m. ET

U.S. stock indexes surged about 3 percent Monday after fears eased of a trade war with China. The two big trading partners reportedly are negotiating to improve U.S. access to Chinese markets.

The Wall Street Journal reported that the U.S. and China have "quietly started negotiating" and that U.S. Treasury Secretary Steven Mnuchin is considering a trip to Beijing for talks.

When President Trump announced that the United States would impose tariffs on steel and aluminum imports earlier this month, European allies warned that they could retaliate. Targets might include classic American exports such as bourbon, blue jeans and Harley-Davidson motorcycles.

Now, the European Union has published a 10-page list of hundreds of U.S. products that could be subject to European tariffs.

Updated at 4:55 p.m. ET

The stock market went on a wild ride again on Monday, with the Dow Jones industrial average closing down 1,175 points, its worst point drop in history. The Dow closed down 4.6 percent and turned negative for the year.

At one point Monday afternoon, the Dow was down 1,579 points — the largest intraday point drop in the history of the index.

Updated at 10:03 p.m. ET

President Trump on Friday announced that Mick Mulvaney would become acting director of the Consumer Financial Protection Bureau, hours after outgoing Director Richard Cordray tapped his own interim successor.

Earlier Friday, the CFPB announced that Cordray had named Leandra English, the agency's chief of staff, as deputy director to take over the bureau.

Updated at 1:25 p.m. ET

Richard Cordray, the embattled director of Consumer Financial Protection Bureau, announced Wednesday that he will leave the agency by the end of November.

"I am confident that you will continue to move forward, nurture this institution we have built together, and maintain its essential value to the American public," Cordray wrote in an email to the agency's staff.

Updated at 4:11 p.m. ET.

The Dow Jones industrial average on Tuesday briefly topped 23,000 for the first time, crossing another milestone amid better-than-expected earnings reports and concerns that stocks are approaching another bubble.

But the 30-stock index ended the day at 22,997.44, up 40.48 points.

The Dow finished above 22,000 for the first time on Aug. 2.

Stanley Fischer is resigning early as vice chair of the Federal Reserve after three years at the central bank. His term was set to expire next June. Before becoming second in command to Fed Chair Janet Yellen, the former MIT economics professor served as head of the Bank of Israel and as a top official at the International Monetary Fund, the World Bank and Citigroup.

Updated at 3:55 p.m. ET.

Federal Reserve policymakers have raised their target for the benchmark federal funds interest rate by a quarter-point, to a range of 1 percent to 1.25 percent.