As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and also apply those discounts to private health plans.Health and Scienceread more
President Donald Trump on Thursday filed a lawsuit against Manhattan District Attorney Cyrus Vance Jr. and his longtime accounting firm Mazars.Politicsread more
The Democratic-held House plans to move forward with a bill to fund the government through Nov. 21 and avoid another government shutdown.Politicsread more
Jim Chanos, founder of Kynikos Associates, revealed Thursday a stock he has been shorting for years: kidney dialysis company DaVita.Delivering Alpharead more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
The U.S. economy will have a tough time at the start of 2020, says the head of one of the largest bond managers in the world.Delivering Alpharead more
A new Hollister store is coming later this month to New York, right down the block from Macy's, Target and Victoria's Secret in the busy Herald Square shopping district.Retailread more
Newly public ride-sharing companies Uber and Lyft have tumbled 25% since their initial public offerings, but Light Street's Glen Kacher still believes there's a path for...Delivering Alpharead more
The Federal Reserve has calmed the overnight funding market and brought its fed funds rate back in line with its target.Market Insiderread more
U.S. government debt yields held lower Thursday after the European Central Bank said it would delay its plan to hike interest rates and launch a program to stimulate banking lending in the euro zone.
Yields initially ticked upward following the central bank's decision to keep borrowing costs low, but quickly reversed course and turned lower within minutes. The yield on the benchmark 10-year Treasury note, which moves inversely to its price, was last seen at 2.679 percent. The yield on the 30-year Treasury bond was also lower at 3.061 percent.
The ECB said its new targeted refinancing operations (TLTRO-III) stimulus program will start in September and run through March 2021. The loans offer European banks lower rates, making it easier for them to lend money to consumers with the idea of buoying the economy. This is the third stimulus injection from the ECB since 2014.
The bank also kept interest rates unchanged Thursday and updated its guidance. Interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0, 0.25 and -0.40 percent respectively.
Investors are eager to know details from trade negotiations between the U.S. and China. Data out on Wednesday showed that the U.S. trade deficit remains a problem. President Donald Trump has imposed a series of tariffs on countries like China, in an attempt to bring down his country's trade deficit. However, Wednesday's data showed that trade deficit in the U.S. hit a 10-year high in December.
As trade talks between the world's largest economies continue, there's fresh tensions regarding Chinese tech giant Huawei. The firm filed a lawsuit against the U.S. government, claiming a law that bans it from selling equipment to government agencies is unconstitutional.
- CNBC's Silvia Amaro and Ryan Browne contributed to this report.