"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
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Yields slipped after Powell said that the central bank will continue to act as appropriate to sustain the economic expansion.Bondsread 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
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them to find alternatives to their Chinese operations.Marketsread more
Semiconductor stocks and shares of Apple slid on Friday after President Donald Trump said U.S. companies should "immediately start looking for an alternative" to their...Technologyread more
The two American car companies are among the top exporters of U.S.-produced vehicles to China along with BMW and Daimler/Mercedes-Benz, according to industry data obtained by...Autosread more
Powell repeats his pledge to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
These are the stocks posting the largest moves in midday trading.Market Insiderread more
Spotify is getting closer to an IPO.
The streaming music subscription service has hired its first head of investor relations, a move you don't make unless you plan on ... relating to investors when you're a public company.
Spotify has hired Paul Vogel, a Wall Street veteran who most recently ran the internet and media research group at Barclays. Vogel started his analyst career in 1995 at Morgan Stanley. He reports to Barry McCarthy, the former Netflix CFO who became Spotify's CFO last summer.
Spotify confirmed's Vogel's hire but didn't offer any other comment. But we can supply our own: The move is another indication that the company is marching toward a public offering.
Spotify has been headed that way for a while. But the company essentially started a countdown clock this spring when it raised a billion dollar debt round with terms that push it toward an IPO in the next 12 months.
The company has also been improving the story it can tell investors if it does go public.
Last year, Spotify lost more money than ever, but its revenue grew much faster than its losses. The company has said it has 30 million paid subscribers, much more than any other digital music service.
Spotify's last equity funding round, in 2015, valued the company at $8.5 billion.
—By Peter Kafka, Recode.net.
CNBC's parent NBCUniversal is an investor in Recode's parent Vox, and the companies have a content-sharing arrangement.