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
AOL is hoping it can cash in on the social-media-photo-editing craze by launching a new app called Switch.
AOL will announce at VidCon in Anaheim, Calif., on Thursday that Kanvas, the company's photo and video-editing platform, will be launching Switch. The new app will combine Kanvas' existing capabilities with the ability to change your face with 3-D avatars ad other content, makeup and masks. It can operate in three modes: photo, video and burst, six consecutive photos that are looped together forward and backward.
"For millennials, the amount of time they spend with media is about creating content as much as consuming content," said Dave McDowell, general manager of the AOL Membership Group. "It's a platform for creators with the best set of creative tools, and the ability to share those creations anywhere on the internet."
Kanvas Labs was acquired by AOL in 2015. It has 3.5 million users as of April, the last time numbers were disclosed. To add the newest Switch features, AOL acquired facial-recognition company Nito and integrated its technology into Kanvas' capabilities.
Kanvas has a new app that will allow users to put digital masks, makeup and avatars on their face. Photo courtesy of AOL.
It's hard not to point out that Switch is similar to Snapchat, the buzzy social-messaging app that allows users to put "lenses" or digital masks and filters on their faces, as well as edit photo and video. Snapchat was valued at $22 billion during its last financing round in May.
"Teenagers spend their media time not sitting back and watching TV, but actually creating and expressing themselves," McDowell said. "Our competitors and us all observe the same behavior. As soon as you give them rich editing tools and a mobile device, the first thing they do is draw on their face."
AOL and Kanvas say the app has a couple things they hope will set it apart from the rest of the pack. Kanvas has always allowed users to share their creations across all forms of media, unlike Snapchats, which delete after being viewed. Tumblr recently announce it would allow Kanvas users to share live edited video on its platform.
It's also integrated with Verizon messaging. Verizon purchased AOL in June 2014 for $4.4 billion.
"We're all about being an open platform for creativity," said Vic Singh, Kanvas Founder and CEO. "It does make sense to make these tools portable, not only for sharing with other networks but other apps. Verizon Messages is a great example of that."
Singh said the popularity of social-photo-editing apps has to do with the fact that smartphones are finally advanced enough to handle the technology. He pointed out that Instagram was the first to allow people to quickly manipulate photos with a simple filter.
"For the first time, everyone is walking around with an always-connected camera in their pocket. … Drawing, typography, overlays: There's all this content you can put on top of media to make it more rich and express yourself," he said.