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
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
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
Avocados may be harder to come by in the coming months, or they may become more expensive due to bad timing on a series of unfortunate events.
California's drought takes a bulk of the blame as the state produces 95 percent of avocados in the U.S. Farmers are abandoning the fruit because water is too costly and avocados require too much of it to grow, according to news site Mic. Rising temperatures are also expected to lower California avocado production by as much as 40 percent in the next three decades, Mic reports. Outside the U.S., avocado exports from Mexico are being disrupted by gang violence.
On top of supply challenges, avocado popularity is at an all-time high, outpacing production—similar to what happened with demand pressure on quinoa.
Earlier, fast-casual restaurant chain Chipotle sparked jitters when it threatened to nix guacamole from its menu if avocado prices continue to rise. If current trends persist, the company's threat may become reality.