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
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
Bank of England Governor Mark Carney says trade war has a confidence effect on business around the worldMarketsread more
The Republican National Committee is suspending its participation in a scheduled February debate hosted by NBC News and Telemundo after complaints from GOP presidential campaigns about this week's CNBC debate, RNC chairman Reince Priebus announced on Friday.
"While debates are meant to include tough questions and contrast candidates' visions and policies for the future of America, CNBC's moderators engaged in a series of 'gotcha' questions, petty and mean-spirited in tone, and designed to embarrass our candidates," Priebus said in a letter to NBC News and MSNBC chairman Andrew Lack.
Among the complaints Priebus cited: Insufficient focus on the debate's theme of economic and financial issues, uneven screen time for candidates, and "inaccurate or downright offensive" questions. NBC News and CNBC share a parent company and operate independently.
According to Priebus, the RNC will sanction a candidate debate for the same February 26 date, but as of now will only work with National Review, a conservative outlet that was also set to participate in the NBC/Telemundo debate.
"This is a disappointing development," NBC News said in a statement. "However, along with our debate broadcast partners at Telemundo we will work in good faith to resolve this matter with the Republican Party."