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
Check out which companies are making headlines before the bell:
ConAgra — ConAgra and activist investor JANA Partners amended their existing cooperation agreement, with the foodmaker's board agreeing to nominate JANA designees Bradley Alford and Timothy McLevish as directors. The agreement also retains various standstill provisions for JANA. Separately, a Barron's article said ConAgra shares could rise up to 30 percent, as the food company sells businesses, improves existing brands, and lowers expenses.
Westar Energy — Westar, the largest electric utility in Kansas, is being bought by Great Plains Energy, the parent of Kansas City Power & Light. The deal is worth $8.6 billion in cash and stock, or about $60 per share, about 13.4 percent above Friday's close.
Verizon — Details of the tentative deal between the telecom giant and its unions have been released, with the pact giving pay raises of more than 10 percent and includes 1,400 new jobs.
Starbucks — The coffee chain announced a rollout of a new portfolio of cold coffee beverages, which will become the foundation for a new "cold bar" at Starbucks stores.
Medtronic — The medical products maker reported adjusted quarterly profit of $1.27 per share for its latest quarter, 1 cent a share above estimates. Revenue also came in above forecasts. However, Medtronic does see fiscal 2017 profit of $4.60 to $4.70 per share, largely below the consensus estimate of $4.70 a share.
Micron Technology — Baird upgraded the chip maker's stock to "outperform" from "neutral," based on improving profit margins, a better cost structure, and price stabilization in the memory chip market, among other factors.
Viacom — Viacom independent directors say they will fight any attempt to remove them from the media company's board of directors, should controlling shareholder Sumner Redstone attempt to oust them. The board members wrote a letter to shareholders, also saying the assertion that Redstone is mentally competent is "inexplicable."
TransDigm Group — TransDigm will join the S&P 500 after the close of trading on Thursday. It will replace drug maker Baxalta, which is being acquired by Shire. TransDigm is a maker of aircraft components.
Volkswagen — Volkswagen surprised analysts by reporting an increase in first-quarter profit. The automaker earned $3.8 billion for the quarter, up slightly from a year earlier. Consensus forecasts had called for a 17 percent drop in the wake of the company's diesel emissions scandal.
Mondelez — Mondelez is developing more mobile apps based on its products following the success of an Oreo cookie-themed game. That game has been downloaded approximately seven million times since it was introduced 3½ years ago.
Alibaba — The China-based e-commerce company told vendors to stop selling drugs on its Tmall website because of government rule changes in China.
Oracle — Oracle and Hewlett Packard Enterprise head to court today in a dispute over Oracle's alleged role in the decline of Hewlett-Packard's hardware business prior to the spinoff of Hewlett Packard Enterprise and HP Inc.
Apple — Apple may extend its iPhone model update schedule to every three years, according to an article in Japan's Nikkei newspaper.
Celator Pharmaceuticals — Celator will be bought by Jazz Pharmaceuticals for $30.25 per share in cash, or about $1.5 billion. That represents a nearly 73-percent premium over Friday's close for Celator shareholders.
Monsanto — The agricultural chemicals and seeds maker may get an improved buyout bid from Germany's Bayer as soon as this week, according to the Sunday Times. Monsanto rejected Bayer's $122 per share offer last week.
Williams Cos. — Williams has told Energy Transfer Equity that it is open to considering a new bid from its rival pipeline company, in an effort to end a legal dispute between the two over terms of their previously struck $20 billion takeover deal.
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