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
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
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
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
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
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
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Spotify is nearing a deal to raise $400 million, valuing the music streaming service provider at $8.4 billion, The Wall Street Journal reported, citing people familiar with the matter.
The terms of the funding, Spotify's seventh, have been set and is expected to close in the coming weeks, one of the people told the Journal.
Read MoreApple, Beats tocompete with Spotify
Goldman Sachs and Abu Dhabi's sovereign wealth fund have agreed to invest in the round and Spotify has also held talks with asset managers and venture-capital firms, the Journal said, citing sources.
Spotify and Goldman Sachs could not immediately be reached for comment.
Spotify was valued at more than $5 billion in September, according to filings by GSV Capital Corp, a private investment fund that owns the shares, the Journal said.
As of Friday's close, Pandora Media has a market capitalization of $3.6 billion.
The Journal had reported in January that Spotify was working with Goldman Sachs for a private fundraising, which could likely put off an initial public offering for a year.
Spotify, which had 15 million subscribers and 60 million active users at the end of 2014, raised speculation of an IPO in August after re-advertising a job for a regulatory filings expert.
The company, founded in 2006 by Daniel Ek and Martin Lorentzon, streams music for free and provides the service ad-free for paying customers.