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
In a four-page letter sent Thursday morning, Warren and Ocasio-Cortez asked Mnuchin a series of questions about his advisory role in former Sears CEO Eddie Lampert's...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
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
No timetable has been set on returning the money to outside investors in Tepper's Appaloosa Management, source says.Hedge Fundsread 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
From tapping German Chancellor Angela Merkel's cellphone to snooping into citizens' email, the breadth of information collected by the National Security Agency has caused alarm, including among executives of technology and other corporate giants.
Scott McNealy, co-founder of Sun Microsystems (acquired by Oracle in 2010), expressed serious concerns about the depth of federal surveillance in an interview on CNBC on Friday.
"I go back to Watergate and that's peanuts compared to what it feels like is going on in terms of stuff happening and lack of transparency," he said. "And the other thing that's peanuts ... compared to now is how much more the government is in our lives."
(Read more: Obama to announce surveillance overhaul)
Former NSA contractor Edward Snowden released documents last June that showed that Verizon had to provide data from millions of phone calls to the Federal Bureau of Investigation and the NSA.
In a speech last month, President Barack Obama said the government would end spying on senior officials in nations friendly to the United States. Although he has not decided which entity will retain the phone data, subsequent database searches would require judicial findings, the president said.
(Read more: UK, US under fire for Angry Birds spy claims)
The NSA's surveillance program has affected corporations abroad. AT&T Chairman and CEO Randall Stephenson said in an interview with CNBC that "there have been competitive impacts overseas," though he would not elaborate.
(Read more: AT&T chairman condemns Russian anti-gay policies)
"We've had legitimate competitive losses as a result of this, where companies have made some decisions based on [NSA surveillance], and it's one area we think is important to bring clarity to this situation—what is being done and what is not being done," he said.
Tens of thousands of people have pledged to support a day of protest against the NSA surveillance programs scheduled for Tuesday, PC World reported Thursday.
—By Evelyn Cheng, special to CNBC