"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
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
Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them find alternatives to their Chinese operations.Marketsread 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
JD.com's stock was initially halted on the news and later reopened up about 9 percent before paring those gains slightly. It ended the day up more than 4 percent. Wal-Mart shares were slightly higher.
JD.com will now control the brand, website and app for e-commerce platform Yihaodian, while Wal-Mart will retain the subsidiary's direct sales business. Richard Liu, CEO of JD.com, said in a statement that he looks forward to "further developing" the brand, citing its regional strength in eastern and southern China.
The deal also increases the accessibility of Sam's Club China, as the brand will open a flagship store on JD.com.
"Sam's Club's unique, high-end product selection meets the demand from China's increasing affluent consumers for high-quality, imported products and has already proven popular in the Chinese cities where it has stores," Liu said.
Wal-Mart will also receive about 5 percent of total shares outstanding in JD.com.
Doug McMillon, president and CEO of Wal-Mart, said that the two companies share similar values, calling JD.com a "very complementary business and ideal partner."
"We also look forward to offering customers a tremendous number of quality imported products not previously widely available in China through Walmart and Sam's Club," McMillon said in a statement.