American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead 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
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
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
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...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
U.S. stocks rose on Monday, with technology leading the Dow and S&P 500 to record finishes.
"The U.S. economy seems to be on a steady path upward amid robust job reports and consistent industrial production gains. The unemployment rate has fallen below 6 percent for the first time since the recession. Also, falling commodity prices, specifically crude oil, are leaving more money in consumers' wallets, Bill Stone, chief investment strategist at PNC Asset Management, noted in emailed research.
"Generally, we think these positive economic trends could be enough to garner a visit from Old St. Nick," added Stone, referring to the phenomenon known as the Santa Claus rally.
Equities briefly cut gains after a report had existing home sales down 6.1 percent to 4.93 million in November.
"With continued job gains, a leg lower in mortgage rates and a reversal higher in stocks, hopefully housing will gain some traction but renting still remains an appealing option for many first-time households who don't own stocks," Peter Boockvar, chief market analyst at the Lindsdey Group, wrote in emailed commentary.
American Apparel jumped after the retailer said it would evaluate a proposal to acquire the company for $1.30 to $1.40 a share.
Benchmarks have surged since the Federal Reserve promised to be patient in looking to increase interest rates in the new year.
Rising for a fourth session to end at a record, the Dow Jones Industrial Average climbed 154.64 points, or 0.9 percent, to 17,959.44, with Intel leading blue-chip gains that included 27 of 30 components.
Recording its 50th record close for 2014, the gained 7.89 points, or 0.4 percent, to 2,078.54, with technology the best performing and health care hardest hit among its 10 major industry groups.
The Nasdaq gained 16.04 points, or 0.3 percent, to 4,781.42.
Trading volume was light ahead of the Christmas holiday on Thursday.
For every two shares sliding, three rose on the New York Stock Exchange, where nearly 791 million shares traded. Composite volume surpassed 3.3 billion.
The U.S. dollar fell against the currencies of major U.S. trading partners; the yield on the 10-year Treasury note used to figure mortgage rates and other consumer loans fell a basis point to 2.1567 percent.
Crude-oil futures for February delivery dropped $1.87, or 3.3 percent, to $55.26 a barrel; the February gold contract shed $16.20, or 1.4 percent, to $1,179.80 an ounce on the New York Mercantile Exchange.
On Friday, U.S. stocks rose for a third session, with the S&P 500 tallying its second best week in nearly two years.
Coming Up This Week:
8:30 a.m.: durable goods
8:30 a.m.: real gross domestic product, third quarter
9:00 a.m.: FHFA home-price index
9:55 a.m.: consumer sentiment
10:00 a.m.: personal income
10:00 a.m. new-home sales
1:00 p.m.: $35 billion 5-year note auction
8:30 a.m.: initial claims
1130 am $29 billion 7-year note auction
1:00 p.m.: stock market close
Christmas Day holiday
U.S. markets reopen
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