"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
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
Supreme Court Justice Ruth Bader Ginsburg is undergoing more cancer treatment, NBC News reported Friday.Politicsread 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 that 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
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
Forbes says there's a new richest man in the world. But other billionaire counters say nothing has changed.
In a story published Thursday night, Forbes said Amancio Ortega, the reclusive Spanish retailing magnate who founded Zara, has surpassed to become the richest man in the world. They say his fortune gained $1.7 billion on Thursday, and his net worth is now estimated to be $77.8 billion to $79.5 billion. Forbes estimates Gates' fortune to be $78.4 billion.
But it may be too early to declare Ortega the new Gates. Forbes' "real-time billionaire's list" still has Gates on top, with his $78.4 billion fortune topping Ortega's $78.1 billion. (Though perhaps Forbes hadn't updated it in real time).
The Bloomberg Billionaires Index has Gates nearly $10 billion ahead, with a net worth estimated at $89.7 billion and Ortega at $79.2 billion.
We'll see if Bloomberg updates its list or if other billionaire bean-counters like Wealth-X update theirs — or keep Gates as king.
And Ortega's rise may also be fleeting: He topped Gates briefly last year, according to Forbes, only to retreat to number two after his stock fell.