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
Nearly 30 years after their demise at the hands of compact discs and downloads, 20th century music formats the vinyl L.P and cassette tape are staging a gradual comeback.
Vinyl is predicted to sell over 1 million copies in the U.K. in the coming year -- the first time since 1996, according to a recent report by Billboard. It has already exceeded last year's sale of 780,674 sales, reported by the Official Charts Company.
U.K. music aficionados aren't alone in getting their hands on these nostalgic goods. Last year, the sales for vinyl in the U.S. saw a 32 percent increase and globally, physical records (CDs, vinyls and cassettes) still made up 51.1 percent of the music revenue in 2013, from reports made by IFPI and Nielson Soundscan.
While sales in cassette tapes aren't stealing the limelight away from CDs and mp3 downloads, a desire to resurrect the cassette tape has increased since 2013.
Last year marked the 50th anniversary of the cassette, and worldwide people celebrated through Cassette Store Day on September 7th 2013, which saw the release of more than 50 albums in cassette form. So popular was the event that this year's Cassette Store Day had 300 albums on cassette.
Furthermore, an ICM Group survey this year revealed that 1 in 10 young people purchased a cassette tape, the BBC reported.
It's this appeal to younger audiences and shoppers that is behind the resurgence in old-school formats. In 2012, U.K Music Retailer HMV managed to bounce back from a recession problem, by attracting customers by increasing stocks in vinyl.
Independent record labels and artists like Haim, Daft Punk and The National have been releasing their music as a cassette or vinyl L.P.
Read MoreMusic downloads declining
Head of Public Relations at the British Phonographic Industry (BPI), Lynne McDowell said that in a recent poll by BPI, they discovered that in the U.K., 35 to 44 year olds were the largest consumer group, whilst the L.P attracts younger audiences to with over a third aged under 35 (35.3%).
She added that the main reasons that drove vinyl sales were "the enjoyment of the process of playing a record, the quality of sound, and the cover art", demonstrating that people are still "craving tangibility and something with soul."
Since the start of 2014, the U.S has sold 4 million vinyls, whilst the U.K have sold almost 800,000 units. However, digital track sales are still the favorite with the U.S having already bought 593.6 million singles in 2014 (Nielson Soundscan), and the U.K having bought 175.6 million in 2013 (Official Charts Company).
Hollywood has also played a leading role in promoting nostalgic music formats. The soundtrack to 2014's box office hit Guardians of the Galaxy made great use of 70s and 80s classics, with the soundtrack staying at number one for two weeks in the Billboard 200 charts during this summer.
On Wednesday, Marvel announced they would release an exclusive limited edition of the Guardians of the Galaxy Compilation onto a cassette tape in late November this year.
What's next? The resurgence of the photograph or Polaroid?
Clarification: This article has been updated to reflect that the soundtrack to Guardians of the Galaxy featured songs from the 1970s and 1980s.