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
Can the appointment of a firebrand manager with a history of success help push the share price of Manchester United up the league table?
The Premier League soccer club announced on Friday that Jose Mourinho would be its next manager. The 53-year-old Portuguese veteran of the game has signed a three-year contract with an option to stay on until at least 2020.
After rumors of Mourinho's appointment surfaced last week, shares of Wall Street-listed Manchester United rallied more than 1 percent. Prior to Friday's U.S. open, they sat at $16.98 and rose 1.24 percent in the first hour of trade.
Mourinho has managed other top-flight clubs – Chelsea, FC Porto, Inter Milan and Real Madrid – and won 32 trophies during his career.
Sports agent and former market strategist, Michael Jarman, said the self-styled "special one" would help investors buy in to the story of Manchester United.
"Manchester United need to ensure Champions League (qualification) and Mourinho's record tends to suggest he basically guarantees clubs that financial prize.
"I think you can expect to see a short-term lift in the share price," Jarman told CNBC on Friday.
However, Jarman said a long-term rise in the share price might be harder to achieve as the club has already maximized value.
"The new TV deal is already factored in to the share price. The club is two years in to its $600 million deal with Chevrolet and it's already got a 10-year kit deal with Adidas. Unless they lift ticket prices there is not much more they can get," he told CNBC.
In a statement on Friday, the executive vice-chairman of Manchester United, Ed Woodward, said there was no one better than Mourinho to guarantee success on the pitch.
"Jose is quite simply the best manager in the game today. He has won trophies and inspired players in countries across Europe and, of course, he knows the Premier League very well, having won three titles here," he said.
Complexities over Mourinho's image rights, owned by Chelsea Football Club, caused delays in his appointment, but Manchester United say the issue is now resolved.
His personal sponsorship deal with Jaguar may also be ended early, should Manchester United deem it to be in conflict with the club-wide Chevrolet sponsorship.
Mourinho's salary details have not been released, but tabloid newspaper reports claim the Portuguese manager will pocket £10 million ($15 million) each season.
And, what does the man himself think? It is all sweetness and light, for now:
"To become Manchester United manager is a special honor in the game. It is a club known and admired throughout the world. There is a mystique and a romance about it which no other club can match. I have always felt an affinity with Old Trafford," Mourinho said in the statement from Manchester United on Friday