American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Check out which companies are making headlines after the bell Thursday:
JCPenney - Vornado is selling its entire stake of 13.4 million shares of JCPenney via Citigrop, according to Dow Jones.
Separately, Allen Schwartz, co-owner and design director of the A.B.S. by Allen Schwartz line said he didn't renew his deal with the retailer.
Shares reversed their earlier losses to trade higher in extended-hours trading.
(Read More: Dow, S&P snap4-day rally as Fed euphoria fizzles)
AK Steel - The steel producer warned that it expects to see a loss of between 22 cents a share and 27 cents a share, including a loss of 9 cents a share from a previously-disclosed outage, disappointing current Street estimates. Shares declined in extended-hours trading.
Texas Instruments - The chipmaker lifted its quarterly dividend by 7 percent to 30 cents a share. Shares were largely flat in extended-hours trading.
New York Times - The newspaper company initiates quarterly dividend of 4 cents a share per Class A and B common stock. Shares were largely unchanged in extended-hours trading.
Prudential Financial - Financial regulators upheld a ruling to name the financial services company "systemically important." Firms that receive the "systemic" label could face higher capital requirements and Prudential had challenged the government's decision. Shares ticked lower in extended-hours trading.
Tibco Software - The infrastructure software provider posted earnings of 28 cents a share, excluding one-time items, on sales of $271 million, exceeding Wall Street projections for 22 cents a share on revenue of $258 million. Shares jumped in extended-hours trading.
Cintas - The uniform supplier posted earnings of 63 cents a share, matching expectations, on revenue of $1.12 billion, topping estimates for $1.10 billion. In addition, the company handed in 2014 earnings guidance that exceeded a previous outlook estimate, sending shares higher in extended-hours trading.
Annaly Capital - The real estate investment trust declared a third-quarter dividend of 35 cents a share. In the previous quarter, the company's dividend was 40 cents a share. Shares were slightly lower in extended-hours trading.
W.P Carey - The real estate investment trust increased its quarterly dividend from 86 cents a share from 84 cents a share. Shares were unchanged in extended-hours trading.
—By CNBC's JeeYeon Park (Follow JeeYeon on Twitter: )
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