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
In a four-page letter sent Thursday morning, Warren and Ocasio-Cortez asked Mnuchin a series of questions about his advisory role in former Sears CEO Eddie Lampert's...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
Prosecutors allege that Stephen Calk, former president of Chicago-based Federal Savings Bank, loaned former Trump campaign chair Paul Manafort as much as $16 million in...Politicsread 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
Check out the companies making headlines midday Monday:
Citigroup, J.P. Morgan Chase, Bank of America — The big banks all shot up more than 2 percent as interest rates jumped on strong economic data. Manufacturing activity in the U.S. rebounded from its lowest level since 2016, while the manufacturing sector expanded at its fastest pace in eight months. This lifted the benchmark 10-year Treasury yield to 2.47 percent from depressed levels last week.
Wynn Resorts — Shares of Wynn Resorts jumped 8.4 percent, the most among S&P 500 companies, after March gambling revenue from the Chinese territory of Macau was higher than analyst expectations. Revenue fell just 0.4 percent, while analysts had forecast a 6 percent drop. Wynn accrues 69 percent of its revenue from the region, according to Morgan Stanley. Shares of other casino operators like Las Vegas Sands and Caesars Entertainment also traded higher.
Redfin — Shares of the real estate brokerage firm jumped nearly 7 percent after an analyst at Piper Jaffray upgraded the stock to overweight from neutral, citing a better outlook for the housing market as interest rates remain flat.
Amazon —Amazon rose 1.9 percent after Oppenheimer raised its price target one the e-commerce company's stock to $2,085 a share from $1,975. Oppenheimer said it hiked its price target to reflect the company's market lead in artificial intelligence and cloud adoption.
Lyft —Lyft dropped 11.9 percent on its second day of trading in the public market, falling below the stock's IPO price of $72 per share. This comes after Guggenheim initiated Lyft with a neutral, saying there are "too many big assumptions to make a case for the stock."
Comscore — Comscore tumbled 29.7 percent after announcing their CEO and president were both stepping down from their roles. The former CEO cited "irreconcilable differences " with the board over the company's strategy and execution, according to the Wall Street Journal. The company has launched an internal and external search to find a permanent replacement, while Dale Fuller, a current director, will be serving as the company's interim CEO.
Activision Blizzard — The video game maker climbed 3.5 percent after Wedbush Securities named it one of its "best ideas" for 2019, noting: "Activision Blizzard is well positioned to deliver significant outperformance in 2019 and outsized growth in 2020."