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
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
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
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
"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
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
It might sound like a bad excuse for gambling, but sometimes a bet really is about more than just the money.
Just ask the race fans who put money down on American Pharoah, the first horse to win the Triple Crown since 1978.
The majority of bettors at the Belmont Stakes this weekend who had $2 riding on American Pharoah opted to hold on to their piece of history, leaving $315,829 behind at the track, according to ESPN. (Tweet This)
Belmont Stakes spokesman John Durso Jr. told ESPN.com that more than 94,000 $2 American Pharoah to win tickets were purchased at the track—but less than 4,000 of the winning tickets, each worth $3.50, were actually cashed.
The state of New York stands to collect the winnings left behind by the gamblers, according to the ESPN report. Listings on eBay for the winning tickets are already asking for much more than they are worth, some seeking as much as $100 per ticket.
Bettors have until March 31 of next year to decide whether to claim their winnings or hold on to a piece of history, according to ESPN.