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
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
Bank of England Governor Mark Carney says trade war has a confidence effect on business around the worldMarketsread more
Immigration reform that will benefit entrepreneurs and tech companies is one aspect of a broader overhaul on which Democrats and Republicans agree, said Bobby Franklin, president and CEO of the National Venture Capital Association.
"Certainly the provisions we care about enjoy bipartisan support, so if you have bipartisan support on Capitol Hill and support from the White House, that's really an opportunity," he told CNBC's "Squawk Alley" on Friday.
In particular, small companies need Congress to raise the caps on two types of visas for high-skilled workers, he said. Those are O-1A visas for individuals with an extraordinary ability in the sciences, education, business, or athletics and E-2 visas for those who invest a substantial amount of money in a U.S. business.
On Thursday, President Barack Obama said he would make it easier for high-skilled immigrants, graduates and entrepreneurs to remain in the country as part of a larger batch of initiatives he plans to push through by exercising executive authority.
The association, however, believes congressional action is the best way to achieve meaningful reform. Franklin said he's optimistic Congress will address the provisions that will help start-up workers, entrepreneurs and venture capitalists.
"Maybe that can be something that helps bring along the other, more controversial issues to something that can move," he said.
—CNBC's Ben Thompson contributed reporting.