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
Take a look at some of Friday's early movers:
General Electric — Chinese appliance maker Haier is buying GE's appliance unit for $5.4 billion to boost its global presence. Haier had revenue of $32.6 billion in 2014, making it the world's biggest appliance maker. The deal also includes a strategic partnership between the two firms in areas such as the Internet, health care and advanced manufacturing.
Intel — the chipmaker reported earnings that beat on both the top and bottom line, but its data center group posted revenue that missed expectations. The firm maintained full-year 2016 guidance of mid-single digit revenue growth, while capital expenditure guidance was lowered by 500 million to $9.5 billion.
Yahoo — Canyon Capital Advisers sent its third letter to the firm in two months, telling Yahoo not to waste more capital and to prioritize a sale of its core business, a portion of its assets, or the entire company, Reuters reported.
Goldman Sachs — the financial giant said Thursday its fourth-quarter earnings will roughly suffer a $1.5 billion reduction due to a nearly $5.1 billion settlement agreement in principle to resolve the ongoing investigation of the firm's dealings in mortgage-backed securities leading up to the years of the financial crisis.
Citigroup — the firm reported fourth-quarter earnings of $1.06 a share, ex-items, on revenue of $18.64 billion, both topping expectations. The firm said in a release that in constant dollars, 5 percent growth in Citicorp loans was more than offset by continued declines in Citi Holdings, driven primarily by continued reductions in the North America mortgage portfolio and the sale of OneMain Financial, completed during the fourth quarter 2015.
Wells Fargo — the biggest U.S. residential mortgage lender and a major lender to the energy industry posted a 0.8 percent decline in profit for the last quarter of the year as it set aside more funds to cover bad loans. The firm reported fourth-quarter earnings that beat on revenue but missed slightly, with net revenue of $5.71 billion, flat from the previous year, while sales rose 1 percent.
BlackRock — the world's largest asset manager reported earnings of $4.75 a share, five cents below expectations, on revenue of $2.86 billion that topped forecasts. BlackRock Chief Executive Officer Larry Fink told CNBC the miss on earnings was due to expenses and compensations related to deals.
Analog Devices — the electronic parts company and Apple supplier lowered its revenue guidance for its fiscal first quarter 2016 due to "weaker-than-forecasted customer demand in the company's portable consumer business unit." The updated compared to the company's previous forecast of $805 million to $855 million.
—Wires contributed to this report.