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.

Tesla CEO Elon Musk is known for being outspoken and unscripted. But he took that to a new level in a remarkably blunt and contentious call with Wall Street analysts Wednesday after the automaker reported a record loss of more than $700 million last quarter.

"Excuse me. Next, next," an irritated Musk said on the conference call with analysts who follow the company. "Boring, bonehead questions are not cool. Next?"

Updated at 4:15 p.m. ET

The Dow Jones industrial average lost 459 points Monday, falling 1.9 percent, as tech stocks led the markets down and investors eyed growing trade tensions with China. Earlier in the day, the Dow was down more than 700 points.

Amazon tumbled more than 5 percent after President Trump criticized the company in tweets. The tech-heavy Nasdaq index lost 2.7 percent. The S&P 500 index lost 59 points, or 2.2 percent.

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.

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