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
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
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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
Bitcoin climbed above $2,000 for the first time Saturday on increased demand from Japanese and Chinese investors.
The digital currency rose more than 4.5 percent to hit an all-time high of $2,061.88, according to CoinDesk.com. Bitcoin was last trading near $2,047.
Japan accounted for nearly 55 percent of trade volume, up from near 40 percent Thursday, according to CryptoCompare.com.
Prices for bitcoin on the Hong Kong-based Bitfinex exchange rose, narrowing a recent gap with the global rate in anticipation that bitcoin traded on Bitfinex can soon be easily converted to U.S. dollars.
Chris Burniske, a blockchain products lead analyst at fund manager ARK Invest, pointed out in a tweet Saturday that the difference between Chinese and U.S. exchanges for the price of the digital currency narrowed from a 20 percent gap to 5 percent in just a week.
Bitcoin jumped near $1,900 Thursday amid reports of possible political scandal in the U.S. and Brazil that sent traders looking for safe assets. Some analysts believe the often volatile digital currency can one day vie with gold as a safety trade. Gold futures rose more than 2 percent last week to settle at $1,253.60.
Analysts also noted higher interest in bitcoin due to several major cryptocurrency conferences in New York these two weeks.
The cryptocurrency's market capitalization has gained more than $5 billion in the last week to $33.5 billion Saturday, according to CoinDesk.com.
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