Stocks fell sharply on Thursday as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.Marketsread more
The yield on the 10-year Treasury note fell to its lowest level since 2017 as more traders grew confident in a longer U.S.-China conflict.Bondsread more
A Ministry of Commerce spokesperson does not single out any U.S. action, but it's been a tense couple of weeks for the trade war.World Politicsread more
"For them to say that they don't work with the Chinese government is false," Secretary of State Mike Pompeo tells CNBC.Politicsread more
Facebook has stopped paying commission to staff for selling political advertisements on its platform, The Wall Street Journal reported.Technologyread more
Oil prices dropped on Thursday, extending falls from the previous session amid surging U.S. crude inventories as low refinery runs and ongoing trade tensions weighed on the...Energy Commoditiesread more
U.S. manufacturer growth hit new lows in May, the latest sign that the economic slowdown accelerated amid the ongoing trade war.Economyread more
No timetable has been set on returning the money to outside investors in Tepper's Appaloosa Management, source says.Hedge Fundsread more
Wall Street is under pressure, but a handful of stocks are breaking out to new highs. McDonald's, Waste Management, Hershey, Visa and Costco have notched records this month,...Trading Nationread more
Huawei is winning over more and more Apple fans in China as the escalated trade tensions stoked "nationalist sentiment," according to South China Morning Post.Marketsread more
Celebrity chef Mario Batali is being charged with indecent assault and battery, more than a year after admitting to sexual misconduct.Restaurantsread more
Chrysler and Fiat are denying Sergio Marchionne told analysts and potential investors they would be better served not investing in the Chrysler IPO if the smallest of the Big Three automakers completes a public offering of stock.
In a short release issued Thursday morning, Fiat said, "In response to various media reports, Fiat S.p.A./Chrysler Group strongly denies that Mr. Sergio Marchionne, Fiat CEO and Chrysler Group Chairman and CEO made comments regarding Chrysler Group that were attributed to him in a Sanford C. Bernstein report issued earlier this week."
(Read more: You stay classy: Ron Burgundy sells Chrysler)
The denial comes less than 24 hours after Bernstein analyst Max Warburton summarized Marchionne's comments at a Bernstein conference as giving the impression the CEO doesn't truly buy into the value of a Chrysler IPO.
Warburton wrote: "Marchionne spoke at our recent Bernstein conference and made some positive comments on Chrysler's prospects. But he argued that while he believed Chrysler had an attractive future, he did not believe investing via this partial IPO would be the most attractive route for investors (implying investing via Fiat, or a future Fiat-Chrysler listing, would be more attractive)."