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
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U.S. manufacturer growth hit new lows in May, the latest sign that the economic slowdown accelerated amid the ongoing trade war.Economyread more
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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
Ford Motor said Wednesday that it is recalling more than 270,000 Fusion vehicles in North America to fix a transmission glitch that can cause the car to shift gears and roll away.
The recall is for 2013-16 Fusion vehicles with 2.5-liter engines that were built at the automaker's Flat Rock, Michigan, and Hermosillo, Mexico, assembly plants.
The company said the bushing that attaches the shifter cable to the vehicle's transmission may detach, which can result in "unintended vehicle movement." Ford said it is aware of three reports of property damage due to the issue and one injury "potentially" related to the problem.
About 260,000 of the cars were recalled in the United States. More than 10,000 and 3,000 vehicles were also recalled in Canada and Mexico, respectively.
Ford also recalled about 3,000 2019 Ranger pickup trucks in the United States and Canada that were built at the company's Wayne, Michigan, assembly plant. The automaker cited another transmission issue for the Ranger recalls, saying that the transmission shift cable bracket in affected vehicles may not have been torqued correctly and can eventually come lose.
This can cause the vehicle to shift into a different gear than the one selected by the driver, which can lead to the pickup truck rolling away and "increasing the risk of crash or injury."
The company said it has not received any incident reports regarding the faulty Ranger vehicles.