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
Former Apple retail boss Angela Ahrendts is joining Airbnb's board, the company announced Thursday.
Ahrendts had been one of the highest-paid employees at Apple with a total compensation of $26.5 million in 2018, according to Apple's proxy statement from Jan. 8, 2019. During that same year, CEO Tim Cook made $15.7 million in total compensation that year, according to the filing.
At Apple, Ahrendts used the company's physical stores to attract customers and develop the brand through in-store programs like "Today at Apple." In the announcement, Airbnb said her work around "building community among customers" would be an asset to the board.
Ahrendts is now Airbnb's third independent, non-affiliated board member, the company said. She joins former American Express CEO Ken Chenault and former Pixar CFO Ann Mather as an independent board member.