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
Billionaire Bill Gates told CNBC on Tuesday he sees the stock market as "expensive."
"When do we go back to normal in terms of interest rates [and] multiples, there would be a lot of adjustment there," Gates predicted. "Stocks are higher because of the interest rate environment."
Federal Reserve policymakers are expected to announce an interest rate increase on Wednesday, only the second in a decade. The last hike was in December 2015.
A gradual Fed rate increase path is generally priced in the market, said Gates, adding he would expect stocks to sell-off if "the Fed starts raising interest rates in a way that people are not expecting."
Looking at specific areas of investment, Gates said he's exposed to Mexico.
"We happen to own some companies down in Mexico," he said. "Right now, the peso has been very weak. So it will be interesting to see as the U.S.-Mexico relations get developed under this [Trump] administration is that oversold?"
Trump has called for building a wall along the U.S.-Mexican border to better control immigration.