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
U.S. stock index futures pointed to a lower start to trade on Monday, as European stocks and currencies continued to decline following the U.K. vote to leave the European Union (EU).
Dow futures implied an open of more than 150 points lower, while the implied opens on the S&P and Nasdaq were 26 points and 55 points lower, respectively.
The pan-European STOXX 600 traded down 2.9 percent early on Monday. The internationally focused FTSE 100 traded 1.7 percent lower and the FTSE 250 — which tracks the next 250 biggest U.K. companies — declined by 5.2 percent.
The U.K. government is yet to indicate how negotiations to leave the EU trading bloc will proceed. Meanwhile, Prime Minister David Cameron has said he would resign by October and the leader of the opposing Labour Party faces a "vote of no confidence" on Monday.
"Day four after the seismic referendum result and the only thing that's crystal clear is that the U.K. is in the midst of one hell of a political crisis," Chris Scicluna, head of economic research at Daiwa Capital Markets, said in a note on Monday.
Major Asian indexes closed higher on Monday, with Japan's Nikkei leading gains, ending up 2.4 percent. This followed media reports that Tokyo would step in, if necessary, to stabilize the , which has gained from the safe-haven bid that followed the Brexit vote.
In the U.S. economic news, the advance May trade deficit was $60.59 billion. No major earnings were expected.
Risk aversion sent the British pound reeling to near $1.32 on Monday, within view of Friday's 30-year low.
On Friday, the Dow index tumbled 610 points and each of the major averages fell at least 3 percent.