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
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
"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
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
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Bank of England Governor Mark Carney says trade war has a confidence effect on business around the worldMarketsread 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
Now that's the Martin Shkreli we're used to!
Notorious "Pharma bro" Shkreli pointedly smirked, pulled faces and looked askance at at a prosecutor's damning characterization of him as she gave her closing argument Thursday at Shkreli's securities fraud trial.
Shkreli's facial reactions became more animated as assistant U.S. attorney Alixandra Smith's closing statement in Brooklyn, New York, federal court continued well past the three-and-a-half hour maximum she had suggested on Wednesday.
Shkreli's high-powered lawyers, Benjamin Brafman and Marc Agnifilo, appeared to be doing their best to ignore the antics of their client, which were clearly visible to jurors sitting in a box directly facing Shkreli and Smith.
Smith's closing argument lasted more than four-and-a-half hours.
"I know this was a long presentation," Smith told jurors at the end of it. "This was a long trial. "
Smith painstakingly detailed testimony given by witnesses and other evidence since late June, which she said more than supported each of the eight criminal counts against Shkreli.
Shkreli, 34, is charged with securities fraud, and conspiracy to commit both wire and securities fraud. Prosecutors say he duped investors into putting money into his hedge funds by lying about his track record in the stock market and the performance of his funds, then he looted his publicly traded drug company to pay off investors for their lost money.
"The defendant is guilty beyond a reasonable doubt," Smith said.
Shkreli's lawyer is set to give his closing argument later Thursday,