Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
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
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
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread 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
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
Saudi Aramco may not be worth $2 trillion, The Wall Street Journal reported on Monday, citing people familiar with the company's highly anticipated plan to go public.
Saudi Arabia's deputy crown prince, Mohammed bin Salman, has said that the company is set to be valued at $2 trillion. But sources told the Journal that officials working on Aramco's offering have not been able to draft a model that matches that figure.
Even accounting for a more favorable tax rate, the highest valuation that employees were able to come up with was about $1.5 trillion, the Journal said, citing internal documents it reviewed and people familiar with the matter.
If correct, that would mean the initial $2 trillion valuation figure is off by a little more than the combined market valuation of Amazon and Netflix. Alternatively, the $500 billion discrepancy is a little less than the market capitalization of Microsoft.
Saudi Aramco did not immediately respond to CNBC's request for comment.
Last month, Reuters said a survey found that fund managers and institutional investors expect the company to have a market valuation between $1 trillion and $1.5 trillion when it sells 5 percent of its shares. Late March, Saudi Arabia gave Aramco a tax cut, which one analyst said could add about $1 trillion to the company's valuation.
Watch: Aramco will surprise, says Saudi energy minister