Stock futures fell sharply as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.US 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
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
Chipotle Mexican Grill is about to take a hit from rising prices due to African swine fever, according to BMO Capital Markets.Marketsread more
We're two weeks away from the Fed's June meeting on interest rates, where a rate hike is back in play.
Lisa Shalett, head of investment and portfolio strategies at Morgan Stanley Wealth Management, tells CNBC's "Power Lunch" on Wednesday now is not the time to be too defensive with your portfolio.
"Between more hawkish Fed policy and stronger economic fundamentals, we see growing risks to an excessively negative and defensive portfolio stance," Shalett said.
She points out that the probability of a rate hike before year-end has moved up to 75 percent from 25 percent since the release of the Fed minutes in May. With this change, Shalett believes it is time to rebalance your portfolio.
"Consider assessing portfolios for interest rate sensitivity, preferring shorter-duration bonds and selling expensive, low-beta stocks," Shalett said.
Even with higher rates, Shalett expects the market to be resilient.
Stocks have regained most of their losses during trading.