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
Obamacare is going to have unintended consequences that will need to be addressed, but imperfections will be changed over time, The Cleveland Clinic's CEO told CNBC on Thursday.
"It's an experiment that we've never done before. So unfortunately I don't think we say how this is going to turn out," Dr. Toby Cosgrove said on "Squawk Box. "
"We know we need to take cost out of the [health] system. That's what's happening right now," said Cosgrove, who heads a $6 billion hospital and health system. He spoke a day after President Barack Obama defended the law in the face of tech problems with the federal online insurance exchange and outrage over the cancellation notices going out to people who bought health insurance on their own.
(Read more: Obamacare can't make health care cheaper: Langone)
Obama said "bad apple" insurers are to blame for those canceled plans, because their coverage doesn't meet the new standards of the law. He also stressed in his speech from Boston that people who find themselves in this situation will be able to find health coverage on the federal and state Obamacare exchanges.
"The law is going to continue to be refined for the next four or five years, just as Medicare was" after it was rolled-out in 1966, Cosgrove said. "This is probably as big a social change that's happened since the New Deal came along, because it affects 100 percent of the people in the United States and their health care and the cost of that," he said.
The fallout over the Obamacare rollout and the government shutdown earlier this month has knocked Obama's approval rating to the weakest of his presidency, according to a new NBC News/Wall Street Journal poll. Dropping by 5 percentage points in less than three weeks, just 42 percent of Americans approve of the president's job performance, while 51 disapprove.
Obamacare was also a major focus on Capitol Hill this week with Health and Human Services Secretary Kathleen Sebelius appearing before a House panel and apologizing to frustrated people trying to sign up for coverage. She said she's accountable for the government-run website failures since the Oct. 1 launch. Sebelius predicted the problems with the federal portal, serving 36 states not operating their own, will be fixed by Nov. 30.
"It's obviously disappointing that we're having so many problems getting this organized. But it has not had major effect," Cosgrove said. "If they can get these problems cleared up by the end of the year, hopefully we'll go forward with the program."