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
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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 panels ignited at an Amazon warehouse in Redlands, California in June 2018, Bloomberg reports. The news comes days after Walmart sued Tesla for at least 7 fires...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
The Dow Jones industrial average briefly shed more than 1,000 points after the market open Monday, with the and Nasdaq sustaining huge losses as well. But the averages recovered throughout the day, as the Dow gained back about 900 points at its high before trading about 2 percent lower in the afternoon.
It followed broader selling in Asia and Europe as slowing growth in China and emerging markets spooks global investors. The Dow and Nasdaq traded in correction territory, down more than 10 percent from their highs this year.
U.S. officials want China to implement more financial reforms, like moving toward a more market-determined exchange rate for its currency, White House press secretary Josh Earnest said. The Chinese government's intervention throughout a recent stock market runup and selloff have drawn criticism from many market observers.
"They should continue to pursue financial reform to increase exchange rate flexibility and to move rapidly toward a more market-determined exchange rate system," he said.
Earnest downplayed concerns about economic fundamentals, noting that long-term economic trends show strength in the U.S. He contended that it stands on much more solid ground than in 2008 in the wake of the global financial crisis.
Earnest also cautioned against "self-inflicted" wounds like budget squabbles in Congress that could disrupt economic momentum.
—Reuters contributed to this report