"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
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
Supreme Court Justice Ruth Bader Ginsburg is undergoing more cancer treatment, NBC News reported Friday.Politicsread 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 that 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
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
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
Mondelez said Thursday that a recent cyber attack will cut into its revenue growth for its second quarter.
The company said its preliminary estimate of the impact indicates a 3 percent slice off its revenue growth rate for the quarter. Mondelez's stock declined nearly 2 percent in after-hours trading following the announcement.
The company said it was hit on June 27, compromising its ability to ship and invoice during the last four days of its second quarter. Mondelez was one of multiple companies around the globe that reported being attacked that day.
"There are a few markets where we have permanently lost some of that revenue due to holiday feature timing, but we expect we will be able to recognize the majority of these delayed shipments in our third quarter results," the company said in a press release.
Mondelez said it is making "good progress" in restoring its systems, and that a "critical majority" of systems affected by the attack are up and running again. The company also said it believes the issue has been contained.
The food company said it is still assessing the full financial effect of the event. It warned of "incremental one-time costs" related to the attack in its second and third quarters, but it maintains its full-year organic revenue growth outlook of "at least one percent growth."
Mondelez said it will give another update on the issue when it holds its second quarter earnings call in August.