"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
The U.S. has quietly been increasing exports of gasoline to record levels, and that is one factor that could be helping reduce the nation's oil glut on the margin.
Last week, the U.S. exported about 5.7 million barrels of gasoline, possibly a record. The 811,000 barrels a day reported is nearly twice the amount exported at the same time last year and almost a third more than was exported a week earlier, according to the U.S. Energy Information Administration.
The data was revealed in a weekly government oil and gasoline inventory report. Crude futures temporarily rose after the report showed a surprise drawdown in U.S. oil supplies of 553,000 barrels to 468.2 million barrels. Analysts had expected a build in supply of more than 2 million barrels.