It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
It was the third trigger of the recession indicator in less than two weeks.Bondsread more
Overstock CEO Partick Byrne has resigned from the e-commerce company after making controversial comments about his role in the "Deep State."Technologyread more
Automakers are trying to deal with President Trump's efforts to roll back Obama-era fuel efficiency rules.Autosread more
U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.Marketsread more
"The president is not backing down," says CNBC's Jim Cramer, referring to Trump's repeated calls for the Fed to cut rates while talking tough on China.Economyread more
Philadelphia Fed President Patrick Harker said he doesn't see the case for additional stimulus after the Federal Reserve's July rate cut.The Fedread more
Stocks fell, giving up earlier gains as investors wondered whether the Federal Reserve will cut interest rates next month.US Marketsread more
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
Samsung's Galaxy Note 10+ packs everything you need and more into a phone.Technologyread more
LONDON, May 16 (Reuters) - The British government is reviewing its policy on 5G and will make an announcement when ready, Prime Minister Theresa May's spokesman said on Thursday when asked whether U.S. sanctions had persuaded the government to reconsider its strategy.
The Trump administration hit Huawei with severe sanctions on Wednesday. British ministers have agreed to allow Huawei a restricted role in building parts of its 5G network although the final decision has not yet been published.
Asked whether the government would reconsider Huawei, the spokesman said: "As you know, in relation to Huawei, we are reviewing the right policy approach for 5G and when an announcement is ready the culture secretary will update parliament."
"We are committed to ensuring that UK telecoms networks are fully secure and any decision will be supported by a hard-headed, technically informed assessment of the risk." (Reporting by Elizabeth Piper, Editing by Kylie MacLellan)