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
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
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
"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
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a protracted trade dispute...Energy Commoditiesread 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
Yields slipped after Powell said the central bank will continue to act as appropriate to sustain the economic expansion.Bondsread 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
Three former Barclays traders have been found guilty by a London jury of conspiring to fraudulently manipulate global benchmark interest rates in a success for the UK's Serious Fraud Office (SFO).
Calcutta-born Jay Merchant, 45, the most senior of the men on trial, was convicted unanimously while 35-year-old British former Libor submitter Jonathan Mathew and former trader Alex Pabon, a 38-year-old American, were found guilty by a majority verdict after a 10-week trial at Southwark Crown Court.
A second Libor submitter, 61-year-old Peter Johnson, had pleaded guilty. The men are expected to be sentenced on Thursday.
Reporting restrictions on the verdicts were lifted on Monday after the jury failed to reach a verdict on two other defendants.
The verdicts come four years after Barclays became the first of 11 powerful banks and brokerages to be slapped with a hefty fine over rate fixing allegations, sparking a political and public backlash that forced out charismatic former CEO Bob Diamond, an overhaul of Libor rules and the criminal inquiry.
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