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
Forget impeachment — Democratic leaders have their eyes on infrastructure.
House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer will meet with President Donald Trump next Tuesday morning to discuss a potential plan to revamp U.S. infrastructure, CNBC confirmed. Pelosi, who first announced the meeting Tuesday afternoon, said she is "very optimistic" about finding a bipartisan path to passing both an infrastructure proposal and a measure to cut drug prices.
Both Democrats and the White House say they want to overhaul U.S. roads, bridges and airports. But the parties still need to agree on how to finance the projects and how many environmental provisions to include in a plan.
"We'll be meeting with the president next week when we come back to talk about what the prospect is for the size, in terms of resources and scope of what that might be," Pelosi said during the Time 100 Summit on Tuesday.
As House Democrats issue subpoenas to get information from the president's associates as part of ongoing investigations, Trump argued Wednesday that they should instead focus on legislation.
"Get back to infrastructure, get back to cutting taxes, get back to lowering drug prices. ... Really, that's what we should be doing," the president told reporters as he left the White House to travel to Georgia.
In late March, Trump told Fox Business Network that infrastructure is "the easiest thing" he could accomplish with Democrats. The president and Pelosi briefly discussed the issue during a St. Patrick's Day luncheon last month.
When she spoke Tuesday, Pelosi aimed to keep the focus on issues as she tries to tamp down talk of impeaching Trump ahead of the 2020 election. Calls to start impeachment proceedings have increased within the Democratic caucus following the release of special counsel Robert Mueller's report on his Russia investigation.
Mueller did not weigh in on whether the president obstructed justice by trying to influence the probe, but effectively left it to Congress to decide. Attorney General William Barr and Deputy Attorney General Rod Rosenstein declined to charge Trump with obstruction of justice.
Pelosi again called the prospect of impeachment "divisive." She repeatedly said Democrats should use House committees to pursue "facts" about the president's conduct.
But she did not unequivocally rule out impeachment in the future.
"It may be a place that the facts take us. We shouldn't impeach for a political reason and we shouldn't not impeach for a political reason," Pelosi said.
The White House did not immediately respond to a request for comment.