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
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
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
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
"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
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
U.S. Treasury prices rose on Friday with benchmark yields falling to their lowest in about three weeks, as government data showed job growth unexpectedly slowed in December, raising some doubts about the economic recovery.
The surprise setback in labor conditions also raised bets the Federal Reserve will at least not accelerate its pace of stimulus reduction that began this month, traders said.
The bond market initially rallied on the news that U.S. employers added only 74,000 workers in December, far short of the 196,000 increase forecast by analysts polled by Reuters.
The market rise was mitigated by a surprise drop in the unemployment rate to 6.7 percent, which was the lowest since October 2008, although the drop stemmed partly from people leaving the workforce. The latest payrolls report also showed more than a quarter million workers stayed home due to rough winter weather across much of the country last month.
"You had an initial short-covering rally in the bond market," said Larry Milstein, head of government and agencies trading at R.W. Pressprich & Co. in New York. "Then a lot of it (the December payrolls report) is being written off due to inclement weather."
Benchmark 10-year Treasury notes last traded 17/32 higher in price with a yield of 2.902 percent, down 6 basis points from late on Thursday. The 10-year yield touched a session low of 2.822 percent seconds after the weak payrolls report was released.