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
Both the Federal Open Market Committee and markets are expecting that the federal funds rate will be raised "sometime this year," according to one top Fed official.
Stanley Fischer, vice chair of the Federal Reserve's board of governors and voting member on the Fed's policymaking committee, said Friday that the Fed's balance sheet size could present a challenge, but he still said the FOMC expects to raise rates in 2015.
Speaking at the University of Chicago's annual U.S. Monetary Policy Forum in New York City, Fischer added that he is confident the Fed has the tools available to hike rates.
The Fed's asset purchases provide a significant stimulus to the economy, he said, adding that the effects of quantitative easing are only now manifesting in the economy.
Still the risks from the QE include financial instability, Fischer said.
All told, he estimated that quantitative easing and forward guidance have lowered unemployment by 1.25 percent and upped inflation by 0.5 percent.