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
New Jersey's Assembly passed legislation early Tuesday to raise the state's gasoline tax by 23 cents per gallon and cut the sales tax from 7 percent to 6 percent.
The bill, which passed the Democrat-led Assembly with Republican Gov. Chris Christie's support, heads to the Democrat-led Senate, NBC 4 New York reported. If approved, it would mean an 11 percent increase in the gas tax, the nation's second-lowest, after Alaska, according to NBC 4 New York.
The legislation would set up a $2 billion-per-year transportation trust fund over the next eight years to cover road and bridge work. Without the legislation, the fund would run out of borrowing authority at the end of June.
"I'm pleased that the Assembly has heeded my suggestion for tax fairness," Christie told reporters outside of his office. "I think it was needed, necessary, while at the same time we're going to have constitutionally dedicated revenue to improve roads, bridges and mass transit systems here in the state."