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
Despite the recent slide in stocks, the bull market will continue and the will end up for the year, market strategist David Donabedian predicted Thursday.
"It's not a feel-good bull market but it is a bull market and there's money to be made," the chief investment officer for Atlantic Trust said in an interview with CNBC's "Power Lunch. "
Stocks tumbled Thursday, with the S&P 500 breaking through a key level in midday trading. The major averages are all lower for the week, putting them on pace for a second weekly drop in three weeks.
"The conditions for a bear market simply are not in place," Donabedian said. "The economy continues to grow at a respectable pace. We think recession risk is quite low. We have a positive slope to the yield curve."
Plus, while the Federal Reserve is getting ready to raise interest rates, its policy will be accommodative for some time, he added.
Kristina Hooper, U.S. investment strategist at Allianz Global Investors, is counseling clients to stay fully invested despite the market's bumpy ride.
"We should see a very choppy August with a downward bias but that's OK if you have a long enough time horizon. Just hang in there because we're likely to see improvement in the market by the end of the year," she told "Power Lunch."
She cautioned investors not to worry about the short-term moves.
By not being fully invested, "that's often where they lose the most money … because they often don't get back in when the market starts to recover."
Hooper said the gains, which will likely be slower and choppier going forward, will come when companies finally start reporting revenue growth.
However, some sectors are delivering more gains than others. She particularly likes health care and technology, which have valuations that are "relatively attractive."
"This is the time when we need to be discerning. This is when active management matters and we can't be passively invested in the market," said Hooper.
—CNBC's Peter Schacknow contributed to this report.