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
Skipper Jimmy Spithill and Oracle Team USA won the America's Cup on Wednesday with one of the greatest comebacks in sports history.
Spithill steered Oracle's space-age, 72-foot catamaran to its eighth straight victory, speeding past Dean Barker and Emirates Team New Zealand in the winner-take-all Race 19 on San Francisco Bay to keep the oldest trophy in international sports in the United States.
All but defeated a week ago, the 34-year-old Australian and his international crew twice rallied from seven-point deficits to win 9-8.
Owned by software billionaire Larry Ellison, Oracle Team USA was docked two points for illegally modifying boats in warmup regattas and had to win 11 races to keep the Auld Mug.
After almost dunking its chances when it buried its bows in a wave shortly after the start, Oracle showed its incredible speed when it reeled in the Kiwis while zigzagging toward the Golden Gate Bridge on the windward third leg.
As Oracle worked to keep its lead, tactician Ben Ainslie, a four-time Olympic gold medalist from Britain, implored his mates by saying, "This is it. This is it. Working your (rears) off."
There were hugs and handshakes after Spithill steered the fast cat across the finish line off America's Cup Park on Piers 27-29. Ellison hopped on board and the crew sprayed him with champagne.
Spithill refused to let his team fold after the penalties were announced four days before racing started and led an almost unimaginable rally.
How big a win was this?
In sailing terms, it was the equivalent of the Boston Red Sox sweeping the final four games of the 2004 ALCS over the New York Yankees, the only 3-0 comeback in major league history. It's also comparable to the Philadelphia Flyers overcoming a 0-3 deficit to beat the Boston Bruins in the 2010 NHL playoffs.