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
NBA Finals MVP Andre Iguodala—who helped lead the Golden State Warriors last week to their first championship since 1975—said Thursday he's taking advantage of his proximity to Silicon Valley to capitalize off the court as a tech investor.
"We have some great relationships with VCs [venture capitalists] out there, mainly Andreessen Horowitz. They've kind of taken me under their wing and ... showed me some things in the portfolio and how I can integrate my brand into some of their brands," Iguodala told CNBC's "Squawk Box " in an interview.
Iguodala said he follows Marc Andreessen on Twitter, and that's where he gets most of Andreessen's information. "Ben Horowitz, he's the guy. He's really big into hip-hop, and he's a brainiac. They sit courtside right next to our bench. So I have some conversations with them during the games. [Horowitz] is really the one who helps me out."
Before becoming a free agent and joining the Warriors in 2013, Iguodala said he and his manager got into investing in tech stocks. He started out with names like Facebook, Twitter and Tesla. "Apple was [also] a big one for us. We rode that wave when it was probably around $200, before the split." Apple was trading at $645 a share before last year's 7-for-1 stock split. The stock closed just over $128 on Wednesday—up nearly 40 percent since the split took effect June 6, 2014.
"I'm in as good a situation as any NBA player can be in, being in a championship team and then being in an environment like Silicon Valley, where you can capitalize off the court with business," said Iguodala, whose Warriors play their home games at Oracle Arena, just across the bay from San Francisco.
Off the court, Iguodala is also deeply involved in fashion through his connection with Andreessen Horowitz-backed Twice, an online marketplace for buying and selling secondhand clothing, shoes and handbags. He became the menswear style director for the start-up in March.