"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
Trump's shares of the company created a possible conflict of interest for the president-elect, as his administration may determine the project's fate amid ongoing protests from Native Americans and climate activists. Trump has supported the 1,172-mile pipeline and broader efforts to produce more fossil fuels in the United States.
On Sunday, the Army Corp of Engineers denied a federal permit for the project needed for a segment of the pipeline. Trump's administration could still approve it.
The planned pipeline route would have crossed beneath the Missouri River and run a half-mile of the Standing Rock Sioux reservation. Opponents said it could taint drinking water and disturb sacred sites.
Protests against the pipeline have gone on for months.
This summer, Trump's most recent financial disclosure form said he owned between $15,000 and $50,000 of Energy Transfer Partners' stock, so the sale must have taken place since then. Trump spokeswoman Hope Hicks did not say if he also sold his shares of Phillips 66, which has a smaller investment in the project.
Energy Transfer Partners CEO Kelcy Warren also gave $100,000 to Trump's joint fundraising effort with the Republican Party, according to Federal Election Commission records. However, Hicks said the donation would not affect Trump's decision making when he takes office.
Late last month, The Washington Post first reported that Trump sold off his stake.
— NBC News contributed to this report