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
No timetable has been set on returning the money to outside investors in Tepper's Appaloosa Management, source says.Hedge Fundsread 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
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
After another day of stock market pain, "Fast Money" traders looked for places to hide.
U.S. stocks dipped Friday, with the technology taking a particularly big hit. The three major averages have now fallen at least 7 percent each this year.
Amid those difficulties, though, some more defensive assets have received a boost. The price of gold futures, for instance, has ticked higher amid a flight to safety.
"There is certainly some panic out there in the street, and gold and silver is the place to be," said trader Brian Kelly.
Trader David Seaburg believes stocks will recover before the end of the year. He expects a flat finish to the year for the S&P 500, which was down about 8 percent for the year at Friday's close.
But he would look to buy shares of biotech company Gilead Sciences on weakness. The stock has shed more than 15 percent of its value this year amid broad selling and criticism of high drug prices.
Earlier this week, Gilead posted fourth-quarter earnings and revenue that topped expectations. It also announced a $12 billion share buyback and a 10 percent quarterly dividend increase.
Guy Adami is long CELG, EXAS, GDX, INTC, Guy Adami's wife, Linda Snow, works at Merck.
Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc.
Steve is Long AAPL, AEO, BA, BAC, CC, DD, DIS, DECK, EVGN, KBH, MJNA, MU, OLN, PFE, PHM, T, TWTR, GDX firm is long CXO, OXY, BP, CVX, RIG, AMZN kids own EFA, EFG, EWJ, IJR, SPY
Brian Kelly is long BBRY, Bitcoin, GLD, SLV, TLT, US Dollar; he is short Aussie Dollar, British Pound, CS, DB, EWH, Hong Kong Dollar, UBS, SPY, Yuan.