Business & Financial News, U.S & International Breaking News

California on Tuesday sued the Trump administration in U.S. District Court after the U.S. Transportation Department confirmed it would withhold $929 million in high-speed rail funding awarded to the state in 2010.

April, typically a big revenue month for U.S. states that levy personal income taxes, was especially robust this year, making up for subpar collections in prior months, but analysts cautioned the tax surge underscores how state budgets face greater volatility from federal tax law changes and the stock market.

Shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector.

Abortion-rights campaigners, including Democrats seeking their party's 2020 presidential nomination, rallied at the U.S. Supreme Court on Tuesday to protest new restrictions on abortion passed by Republican-dominated legislatures in eight states.

Dozens of people were rescued from rising floodwaters and felled trees that smashed homes and blocked roadways in Oklahoma, as severe storms unleashing tornadoes and heavy rain roared through the central United States on Tuesday.

One of Tesla's former biggest supporters on Wall Street said on Tuesday the electric carmaker's shares could fall to $10 from nearly $200 now, if tensions with China escalate and sap demand for its cars.