In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
AT&T isn't focused on selling or divesting DirecTV, despite pressure from stakeholder Elliott Management, sources tell CNBC.Technologyread more
The measure to keep the government running through Nov. 21 now heads to the Senate, where McConnell has signaled he will back a temporary spending plan.Politicsread more
Amazon's purchase comes as part of its plan to convert its delivery fleet to 100% renewable energy by 2030. The e-commerce retailer already runs 40% of its fleet on renewable...Autosread more
As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
Apple's iOS 13.1 will be released on Sept. 24, six days earlier than previously announced.Technologyread more
Hedge fund titan Leon Cooperman said he's concerned about a shift to the left in the political landscape, which could harm the economy and the stock market.Delivering Alpharead more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and apply those discounts to private health plans.Health and Scienceread more
The move could bring a welcome salve to farmers caught in the crosshairs of the trade war if it results in a reopening of the market.Politicsread more
The pilot program will deliver food and beverage, over-the-counter medications and other items within minutes, the company said. Prescription deliveries will not be available.Health and Scienceread more
U.S. government debt prices ticked higher on Thursday as lingering worries over global trade prompted investors to buy safe-haven assets.
The yield on the benchmark 10-year Treasury note was lower at around 2.897 percent at 3:06 p.m. ET, while the yield on the 30-year Treasury bond slipped to 3.042 percent. Bond yields move inversely to prices.
Markets around the globe continued to remain on tenterhooks, as fears of escalating tensions over trade shake up sentiment. Market-watchers have become increasingly jittery this week after President Donald Trump requested the United States Trade Representative to identify $200 billion worth of Chinese goods late Monday, for additional tariffs at a rate of 10 percent.
The additional tariffs followed levies announced by both nations last week. Beijing again reacted to Trump's statement, pledging to retaliate with counter measures.
"There is, however, good reason to believe Trump's trade tactics are less about blowing up the global economy than they are about pushing global trading dynamics towards a better semblance of balance. The net result, if successful, could be an increase in domestic capital investment," Steve Blitz, chief U.S. economist at TS Lombard, said in a note.
The Philadelphia Federal Reserve said its business conditions index fell to 19.9 percent in June, its lowest level since November 2016, adding to the bid in bonds Thursday.
Elsewhere, oil-producing nations are currently gathering in Vienna, with members of oil cartel OPEC and non-OPEC members set to decide on the future of an agreement that currently limits production. Crude futures fell on Thursday, as producers appeared to be nearing a deal that would look to raise production.