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
Former Fed Chairman Alan Greenspan told CNBC on Friday he's concerned about how longer-term rates would react to a short-term tightening by the Federal Reserve.
"The major concern that everyone has obviously is once you get the interest rate movement in place it takes on a life of its own," he said in a "Squawk Box " interview.
Economists are generally expecting the Fed to start hiking short-term rates next summer, though some believe it could be sooner. Central bank policymakers meet again at the end of the month, when they're expected to complete their latest program of bond-buying quantitative easing.
As the Fed explains in its FAQ, movements in short-term interest rates also influence long-term privately set rates like mortgages. So higher long-term rates could make borrowing to buy a home more expensive. Higher long-term rates are also viewed as a historical negative for stocks.
There's been fierce debate over how much the Fed's easy money policies since the 2008 financial crisis have helped the economy. Greenspan lands in the camp that believes the central bank played key role. "Without [low rates], we wouldn't have as at least a moderately OK economy that now exists. There's a significant plus here."
Refusing to handicap what the Fed should do next, he did express confidence in Chair Janet Yellen. But Greenspan cautioned, "This is an unprecedented period in monetary history. We've never been through this. We really cannot tell how it will work out."