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
Walmart International CEO Judith McKenna told Asda staff at its mid-year meeting Tuesday in Leeds, northern England, that the world's largest retailer did "not have a one size fits all approach to operating its international markets."
However, she added: "While we are not rushing into anything, I want you to know that we are seriously considering a path to an IPO – a public listing – to strengthen your long-term success."
In the first discussions of Asda's future since the U.K. Competition and Markets Authority torpedoed the proposed merger with Sainsbury's in April, McKenna suggested that preparations for the IPO would "take years."
Asda CEO Roger Burnley told staff to "forget the language of Plan A and Plan B," adding that Asda's one clear strategy "requires momentum in the short term, growth in the medium-term and sustainability in the long term."
Pointing to Asda's seven successive quarters of growth in a difficult trading environment, Burnley told the meeting that the supermarket's strategy was working, but acknowledged market trends are changing faster-than-expected.
Burnley also confirmed Asda would "accelerate our price position," briefing staff on plans to invest £80 million ($103.3 million) in the price throughout the rest of 2019.
Walmart stock closed Tuesday's session up 0.4% at $100.29 a share, and has risen 7.67% in the year to date.