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
U.S. oil futures sank below the key $40-per-barrel level, and now crude could test August lows and possibly fall into the low $30s per barrel.
The latest U.S. government data show that oil supplies continue to build, though at a slower pace in the past week than in the prior week. But the figures reinforced that the global oil supply glut — with some 3 billion barrels stockpiled worldwide — is showing no signs of abating.
West Texas Intermediate futures for December briefly slipped to $39.91 in Wednesday afternoon trading, the first time below $40 since oil touched $37.75 per barrel in August. WTI futures closed at $40.75.
"I think the report just continues to underscore that we're awash in oil, and there's nothing seemingly changing. Production is still above 9.1 million. We're 120 million barrels above the five-year average in U.S. crude stocks," said Gene McGillian, analyst with Tradition Energy. "I really thought when the market broke below the $43 level, that really opened the window to the six-year lows."