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
The e-mail's optimistic tone helped Tesla shares turn positive for the first time in seven days.Technologyread 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
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
Prosecutors allege Stephen Calk, former president of Chicago-based Federal Savings Bank, loaned former Trump campaign chair Paul Manafort as much as $16 million in exchange...Politicsread more
At McDonald's annual shareholder meeting Thursday, executives said that the company is still monitoring plant-based meat substitutes.Restaurantsread more
Oil prices tumble as the market braces for a prolonged U.S.-China trade war and on signs the U.S. is willing to negotiate with Iran.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
Tidjane Thiam, the new chief executive of Credit Suisse, has told CNBC it "may need" fresh capital to help address its issues.
Switzerland's second-biggest bank reported better-than-expected profits for the second quarter on Thursday, ahead of an expected shake-up by Thiam, who has just joined from U.K. insurer Prudential.
Thiam told CNBC he couldn't say yet whether the bank needs fresh capital, but added: "Capital is very important. There are issues we need to address.
"Fundamentally I am a great believer in self-help – primarily cost-cutting and disposals. Then we need to look at our needs for growth, and that equation will determine whether we need to go for additional capital."
"There are issues we need to address, we do have areas where we need capital...We may need to call for additional capital."
The Zurich-based bank reported net income for the three months to June 30 of 1.1 billion Swiss francs ($1.15 billion), compared to a 700 million franc loss over the same period last year after settling with the U.S. over tax evasion allegations.
Analysts polled by Reuters had expected Credit Suisse to post profit of 783 million francs.
The bank reaffirmed its targets for the full year. Thiam is expected to announce more details of his new strategy for the bank by the end of the year.
"Dropping answers from the top is not my management style. I want to build a team and have something we can collectively develop," he told CNBC.
"The key thing is to look at the Asian model we have of the one bank, where private banking and investment banking work together."
This strategy could include bolstering its asset management business through acquisition, according to a report in the Financial Times Thursday.
Shares of Credit Suisse soared on Thursday to close more than 6 percent higher, at the top of the Swiss SIX index.
Follow us on Twitter: