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 Tuesday:
Coca-Cola — Coca-Cola rose 1.3% after Morgan Stanley upgraded the company to overweight from equal weight. Morgan Stanley said it raised Coke's valuation because the company's current valuation does not reflect its growth prospects.
Walt Disney — Disney shares rose 1.4% after the company announced that it will assume full operational control over the streaming service Hulu as part of a deal with Comcast, effective immediately. Comcast will be allowed to sell its 33% stake in Hulu to Disney in 2024 at a valuation of at least $27.5 billion, even if Hulu is worth less. Disney also has agreed to pay Comcast for its Hulu content for the next five years.
CannTrust Holdings — Shares of the Canadian cannabis company jumped 6.1% after it reported that its first-quarter revenue grew 115%. CannTrust also expects significant sales growth for 2019 relative to 2018.
Tencent Music Entertainment — The music streaming service company reported weaker-than-expected revenue for the first quarter, sending its U.S.-listed shares down 6.2%. Tencent Music also announced co-president Guomin Xie was resigning, citing personal reasons, effective June 6.
Ralph Lauren — Shares of Ralph Lauren dropped 3.7% after the luxury apparel maker reported weak fourth-quarter sales in North America, its biggest market. Those numbers overshadowed better-than-expected earnings and revenue for the quarter.
Steris — Shares of the Irish health care company jumped more than 4% after reporting earnings that beat estimates. Steris reported adjusted fourth-quarter earnings of $1.53 per share, topping a FactSet estimate of $1.43. The company also said it expects fiscal 2020 revenue to range between $2.92 billion and $2.95 billion.
StoneCo — StoneCo rose more than 2% before turning lower after the Brazilian payments processor reported better-than-expected first-quarter earnings. The company also announced a $200 million share buyback program that will go into effect in the second quarter of 2019. StoneCo said its active clients increased by 93% compared to the same period last year.
Steven Madden — The shoe company's stock recovered after falling more than 1% when an analyst at Piper Jaffray downgraded it to neutral from overweight and trimmed the company's price target to $32 per share from $38. The analyst cited increasing trade tensions between China and the U.S. for the downgrade.
Deckers Outdoor — Susquehanna upgraded Deckers to positive from neutral, citing "accelerating momentum" in its Hoka brand. The upgrade sent Deckers shares up 4.7%.
Live Nation Entertainment — Shares of the live events promoter rose 1.8% after an analyst at Berenberg initiated coverage of the company with a buy rating. The analyst highlighted Live Nation's strong market share in concerts and ticketing.