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
Check out the companies making headlines before the bell:
Take-Two Interactive — Take-Two reported adjusted quarterly profit of 78 cents per share, 3 cents a share above estimates. Revenue was below Wall Street forecasts, however, and the company gave a weaker-than-expected outlook as it continues to face intense competition from Fortnite and other popular games.
CyberArk Software — The cybersecurity software company reported adjusted quarterly profit of 56 cents per share, 15 cents a share above estimates. Revenue also beat Wall Street forecasts. CyberArk said it had record cash flow during the quarter, and issued a better-than-expected full-year earnings forecast.
Vodafone — Vodafone cut its quarterly dividend by more than 40%, as the telecommunications company tries to deal with rising costs and tougher competition.
Tencent Music — Tencent reported better-than-expected profit for its latest quarter, although its revenue was slightly below analysts' forecasts. The China-based music streaming service said its bottom line was helped by charging for a greater percentage of its content.
Amazon.com — Amazon expanded its lead as the world's most valuable retail brand in an annual survey from advertising firm WPP. The survey said Amazon's brand value jumped 91% over the past year to $316 billion, while No. 2 Alibaba saw its value rise 48% to $131 billion.
Facebook — Facebook could be subject to 20 years of government oversight as part of a potential agreement with the U.S. government, according to a source familiar with the discussions who spoke to Reuters.
Walmart — Walmart will expand its next-day delivery service to more US homes. Free next-day shipping for about 200,000 products will now be offered in Phoenix, Las Vegas, and southern California, with Walmart planning further expansion later this year. Walmart's move comes after rival Amazon said it would spend $800 million to expand one-day delivery.
CVS Health — CVS will be involved in up to three days of hearings next month regarding its $69 billion merger with insurer Aetna. The deal has already closed, but still needs final court approval.
T-Mobile — T-Mobile and Sprint are considering concessions to win approval for their planned $26.5 billion merger deal, according to a Bloomberg report. Among the options: a separation and sale by the mobile carriers of their pre-paid businesses.
Tyson Foods — The meat producer was upgraded to "outperform" from "neutral" at Credit Suisse, which thinks the current stock price does not reflect the potential for higher chicken, beef, and pork prices from the outbreak of African Swine Fever.