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
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
Celebrity chef Mario Batali is being charged with indecent assault and battery, more than a year after admitting to sexual misconduct.Restaurantsread more
Social media stocks are not in a bubble, billionaire investor Mark Cuban told CNBC on Friday.
The Dallas Mavericks owner, who made his fortune as an Internet entrepreneur, said in a "Squawk Box " interview: "It's not 1999 all over again by a long shot."
He disagreed with a report from the Federal Reserve, stating valuations are stretched for smaller social media and biotech stocks. Fed chair Janet Yellen went so far as to pledge last week on Capitol Hill to remain vigilant over asset possible bubbles.
"I think Twitter has its challenges. It'll improve its monetization like Facebook did. Facebook has its challenges, " said the "Shark Tank " co-host. But I think Netflix is game-changing and has an opportunity to really change the game to present content even more."
On the Supreme Court decision against online TV service Aereo, Cuban said he wasn't surprised that upstart company lost.
Last month, the justices ruled that Aereo—backed by media mogul Barry Diller—violated copyright law by using tiny antennas to provide subscribers with broadcast network content via the Internet. It was a victory to the major TV broadcasters, including NBC. (Comcast owns NBCUniversal, parent company of CNBC.)
Cuban had tried to do the same thing as Aereo in the late 1990s—provide broadcast television over the Internet through his broadcast.com website.
"We tried it way back when," he said. "It's an idea that makes sense but not an idea that we thought would legally pass then ... or pass now."
"It was a good try. But it didn't surprise me that [Aereo] didn't work," he said.
—By CNBC's Matthew J. Belvedere