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
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread 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
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
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.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
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Amid an inventory backlog, Wal-Mart Stores is cutting U.S. orders, but not across the board, according to a Bloomberg report on Wednesday that the discount giant called "misleading."
Wal-Mart shares rebounded from a drop of almost three percent after Wal-Mart's response.
Wal-Mart spokesperson David Tovar told CNBC "the entire story is misleading" and the claim that Wal-Mart is cutting orders because inventories were piling up is "completely false." He added that the company has hundreds of inventory categories and that it is constantly managing inventory levels based on consumer demand in different markets.
(Read more: Wal-Mart's holiday hiring plans)
Bloomberg reported that an ordering manager at its Bentonville, Ark., headquarters described the pullback to a supplier, who said other suppliers got similar messages.
"We are looking at reducing inventory for Q3 and Q4," said the email, Bloomberg reported.
Following the report, the company's stock shares traded lower but later pared most of the losses. (Click here to track the company's shares.) Shares of Costco Wholesale and Target also fell after the report.
During the most recently ended quarter, Wal-Mart said its inventory increased 6.9 percent primarily to softer-than-foreseen sales trends, the delay in summer weather and timing shifts in the receipt of merchandise for back to school and the upcoming holidays.
(Read more: Wal-Mart launches adiscount offer for new iPhones)
In mid-August, the company's CFO and Executive Vice President Charles Holley said its "expectations for the back half of the year are through the lens of cautious consumer spending," adding that it has an aggressive plan to go after sales and invest in price.
—By CNBC's Katie Little and Courtney Reagan