Stock futures fell sharply as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.US Marketsread 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
Tesla was set for its seventh straight day of losses after more analysts joined the growing list of those concerned with its finances.Investingread 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
With Tesla shares skidding, two experts weigh in on what could be next for the automaker and its volatile stock.Trading Nationread more
U.S. tariffs on Chinese goods are hurting an unintended target as the country's trade war with China rages on, a study by the International Monetary Fund found.Marketsread more
Papa John's founder John Schnatter has been selling his shares in the company but remains its largest shareholder.Restaurantsread more
First-time claims for state unemployment benefits were expected to total 215,000 for the most recent week, up slightly from the 212,000 claims reported for the previous week.Economyread more
U.S. Secretary of State Mike Pompeo joined CNBC's "Squawk Box" on Thursday.Energyread more
Chipotle Mexican Grill is about to take a hit from rising prices due to African swine fever, according to BMO Capital Markets.Marketsread more
Hopes that the U.K.'s two largest political parties can hash out a Brexit agreement have ended.
Six weeks of talks between the most senior lawmakers from the ruling Conservative Party and main opposition Labour party have ended with no deal. Labour leader Jeremy Corbyn wrote in a letter to Prime Minister Theresa May on Friday that talks had "gone as far as they can go" and his party will now oppose her Brexit proposal.
Corbyn added that the lack of support behind May and the likelihood that she will soon be replaced as prime minister had undermined talks.
"The increasing weakness and instability of your government means there cannot be confidence in securing whatever might be agreed between us," he said.
As skepticism grew over a cross-party deal, the pound has embarked on nine straight sessions of losses versus the euro, marking the longest unbroken run of losses this century. Versus the dollar it dipped to $1.2760 on Friday, marking a four-month low. This after almost reaching $1.34 as recently as March.
It is now expected that the U.K. government will put various options, known as indicative votes, to Parliament instead. The last time lawmakers in the lower house of Parliament — the House of Commons — held such a series of votes on Brexit there was no majority preference for any outcome.
According to ITV's political editor, a document shows that Prime Minister Theresa May will hold these indicative votes next week, before the EU parliamentary elections.
One of the motions that the government would reportedly like to put to a vote would ask members to agree that any deal should not be subject to a second Brexit referendum.
Speaking on BBC Radio Friday, the chair of a cross-party committee designed to probe the Brexit process said a failure of talks meant a second vote would be more likely.
"There are only two ways out of the Brexit crisis that we've got: Either parliament agrees a deal, or we go back to the British people and ask them to make the choice," Hilary Benn said.
"This brings the prospect of a confirmatory referendum closer, although there's not yet a majority for that in parliament," he added.
May's attempts to agree a deal with Labour appears to have been the final straw for lawmakers within her own party who are demanding that she spell out her resignation date.
On Thursday, May met with a powerful committee of MPs (Member of Parliament) within her own party, with reports suggesting that she has been told to depart by June 30 at the latest.
May must have passed her withdrawal deal before this date in order avoid British members of the European Parliament taking up their seats.So far she has failed on three attempts to get a majority of lawmakers to back her deal.
A large number of Conservative candidates are in the race to be the next U.K. leader but bookmakers put the former Foreign Secretary Boris Johnson as favorite. Johnson confirmed his candidacy on Thursday.
Johnson, a supporter of Brexit, has been hugely critical of May's attempts to agree a deal and has said that Britain has "nothing to fear" from leaving the trading bloc.