It was the third trigger of the recession indicator in less than two weeks.Bondsread more
U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.Marketsread more
Philadelphia Fed President Patrick Harker said he doesn't see the case for additional stimulus after the Federal Reserve's July rate cut.The Fedread more
Stocks fell as fears of an economic recession built up ahead of a key speech from Federal Reserve Chairman Jerome Powell.US Marketsread more
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
German Chancellor Angela Merkel said a solution to the Irish "backstop" is possible before the October 31 Brexit deadline.Europe Economyread more
Apple plans to unveil three new iPhones in September, including two new "Pro" models and a successor to the iPhone XR, Bloomberg reported Thursday.Technologyread more
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
While Volkswagen may not want to invest in Tesla, the U.S. carmaker has been scouting locations in Europe for a new Gigafactory there.Autosread more
Corporate profits posted modest growth in the second quarter as companies brace for slowing global growth.Retailread more
Schmidt first joined Google as CEO in 2001, back when the company only had several hundred employees, and became its executive chairman 10 years later, handing the CEO role over to co-founder Larry Page. He kept that chairmanship when Google restructured to become Alphabet in 2015, then announced he was stepping down from that role but staying on the board in December 2017.
"Eric has made an extraordinary contribution to Google and Alphabet as CEO, Chairman, and Board member. We are extremely grateful for his guidance and leadership over many years," said John Hennessy, chairman of Alphabet's board, in a statement.
Former Google Cloud chief Diane Greene, who has served on the board since 2012, will also not seek re-election. Former Oracle exec Thomas Kurian replaced Greene as head of its cloud business earlier this year.
Both of their terms will end in June.
The company has also added a new board member, Robin L. Washington, who joined on Apr. 25 and will be part of the Leadership and Compensation Committee. Washington is currently the CFO of biopharmaceutical company Gilead Sciences. Alphabet has been making an increased push into health tech, hiring David Feinberg to lead a new Google Health division last November.