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
Check out the companies making headlines before the bell:
Apple – Apple reported quarterly profit of $2.91 per share, above the consensus estimate of $2.78 a share. Revenue also beat expectations, however its shares are being pressured by weaker-than-expected iPhone shipment numbers, as well as a weaker-than-expected revenue forecast for the current quarter.
Starbucks – Starbucks came in 2 cents a share ahead of estimates, with adjusted quarterly profit of 62 cents per share. The coffee chain's revenue also beat Street forecasts. Comparable-store sales were up 3 percent, beating the consensus estimate of a 2.4 percent increase.
Alibaba – The China e-commerce giant beat estimates on the bottom line, though revenue was somewhat short of analysts' forecasts. Annual active consumers rose 25 million from a year earlier to 601 million. Core commerce revenue was up 56 percent, while cloud computing revenue jumped by 90 percent.
Newell Brands – The maker of products like Sharpie pens and Elmer's Glue reported adjusted quarterly profit of 81 cents per share, beating the consensus estimate of 64 cents a share. Revenue fell short of forecasts, however. Newell also raised its full-year forecast, as it sees improved cash flow and better profit margins from its restructuring.
Michael Kors – The luxury goods maker was upgraded to "overweight" from "neutral" at Piper Jaffray, which calls the stock "underappreciated and undervalued." Piper notes that a recent drop in the stock price has wiped out more market cap value than that $2.1 billion that Kors paid for Versace, and that the company will be able to boost Versace's growth.
CBS – CBS reported adjusted quarterly earnings of $1.24 per share, 2 cents a share ahead of consensus. Revenue was slightly above estimates. The media company's results were helped by an increase in digital subscriptions and stronger ad sales.
Kraft Heinz – Kraft Heinz came in 3 cents a share shy of estimates, with quarterly profit of 78 cents per share. The food company's revenue beat estimates. The bottom line was impacted by higher commodity costs and promotional activity.
WW — WW reported adjusted quarterly earnings of 94 cents per share, 5 cents a share short of estimates. The company formerly known as Weight Watchers also saw revenue come up short of Wall Street forecasts.
Caesars Entertainment – Caesars reported a surprise profit of 14 cents per share, with analysts having anticipated a breakeven quarter for the casino operator. Revenue came in slightly short of forecasts, and Caesars announced that CEO Mark Frissora would leave the company in February.
General Motors – GM is discontinuing work on two renovation projects in the Detroit area in order to cut costs, according to an employee email seen by Reuters. The email from CEO Mary Barra said that costs are not currently aligned with market realities.
United Parcel Service – UPS is halting pickups of heavy items as of next Wednesday, ahead of voting on a tentative union contract that will extend through November 11. UPS said it is trying to avoid disruptions in the event of a work stoppage.
AT&T – AT&T's HBO and Cinemax services have gone dark for customers of Dish Network, after the two sides failed to agree on a new distribution deal. AT&T is also the owner of DirecTV, which competes with Dish.
Symantec – Symantec reported quarterly profit of 42 cents per share, 9 cents a share above estimates. The cybersecurity company's revenue also topped forecasts, boosted by an 8.5 percent increase in consumer security unit revenue.
MetLife – MetLife reversed a year-ago loss, reporting an adjusted quarterly profit of $1.38 per share, 11 cents a share above estimates. The insurer's revenue also came in ahead of Wall Street forecasts. The bottom line was helped by an improvement an investment income and favorable underwriting results, among other factors.
Synchrony Financial – Synchrony was sued by retailer Walmart, which charges the credit-card issuer with breach of contract regarding its underwriting standards. Synchrony calls Walmart's charges "baseless." Walmart replaced Synchrony as its credit-card issuer earlier this summer with Capital One Financial.
Shake Shack – The restaurant chain reported quarterly earnings of 21 cents per share, 8 cents a share above estimates. Revenue beat forecasts, as well, however comparable-restaurant sales unexpectedly fell. Shake Shack also gave a weaker-than-expected outlook.
Pfizer – The drugmaker is considering the sale of its women's health business, according to a Bloomberg report. The division has annual sales of about $1.2 billion and the report said a sale could bring in about $2 billion.