Stocks fell sharply on Thursday as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.Marketsread 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
Tesla was set for its seventh straight day of losses after more analysts joined the growing list of those concerned with its finances.Investingread 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
Appaloosa's David Tepper has reportedly discussed returning the hedge fund's capital to investors and converting it to a family office.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
With Tesla shares skidding, two experts weigh in on what could be next for the automaker and its volatile stock.Trading Nationread more
U.S. tariffs on Chinese goods are hurting an unintended target as the country's trade war with China rages on, a study by the International Monetary Fund found.Marketsread more
Papa John's founder John Schnatter has been selling his shares in the company but remains its largest shareholder.Restaurantsread more
First-time claims for state unemployment benefits were expected to total 215,000 for the most recent week, up slightly from the 212,000 claims reported for the previous week.Economyread more
U.S. Secretary of State Mike Pompeo joined CNBC's "Squawk Box" on Thursday.Energyread more
Home rental prices are climbing across much of the United States — with the biggest gains coming not from New York or San Francisco but Jackson, Mississippi, and Portland, Maine.
Real estate data firm Zillow said Tuesday that prices nationally climbed a seasonally adjusted 4.3% in May from a year ago. Rents still are rising at double-digit rates in Denver, San Francisco and San Jose, California, with their job opportunities drawing new residents at a faster pace than construction can match.
But two smaller cities led the gains in May. Houses in the Mississippi capital of Jackson are renting monthly for $1,169, a 22.7% yearly increase. On the northeastern end of the United States, rental prices in Portland, Maine have shot up 17.4%.
The steadily rising costs of renting houses and apartments are creating new financial pressures for many Americans. Rental prices have grown at roughly double the rate of wages, forcing more Americans to limit their spending elsewhere or cutting into their savings.
A stunning 73% of renters say they have made financial trade-offs to pay their rents during the past three years, including taking a second job and going into credit-card debt, according to a survey released this month by the MacArthur Foundation.
The greater financial pressures have led 61% of Americans to say the country is still in the middle of the housing crisis, according to the survey.
Read MoreHome prices not a 'bubble': Realtors
Consumers are pessimistic about housing despite a clear rebound in sales. Home purchases increased 5.1% in May to annual rate of 5.35 million, putting the country on pace for the strongest sales level since 2007, according to the National Association of Realtors.
But the rising rental prices are limiting how much many would-be buyers can save to buy a home, particularly in cities with a higher concentration of jobs in technology and finance. Monthly rental prices for a one-bedroom apartment in Manhattan averaged $3,521 last month, according to the real estate brokerage Douglas Elliman.
Still, some cities have a glut of rental units available. Zillow found that rental prices fell slightly in Chicago, New Orleans and Milwaukee.