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
The GOP tax reform plan unveiled Wednesday would lead to broad reinvestment in manufacturing, according to a survey of American producers released Friday.
"Two-thirds of manufacturers said, specifically, that if we get this tax plan through, they'll invest in new plants and equipment, and hire new workers," Jay Timmons, CEO of the National Association of Manufacturers, said on "Power Lunch. "
Timmons says the tax reform plan is "already priced in" by many manufacturers, who expect the proposed, lower 20 percent corporate tax rate.
"They're banking on us to actually do what's right for the American people and for American manufacturers," Timmons said.
The survey of over 14,000 U.S. manufacturers found 65 percent would increase capital spending if a comprehensive corporate tax reform plan were passed. It found 64 percent of manufacturers would expand business, 57 percent would hire more workers, and 52 percent would increase employees' wages and benefits.
The a new record high to end the third quarter, and the CEO said that momentum can continue.
Timmons says the Republican tax proposal would "make it possible" to reach an economic growth rate above 3 percent.
"We ought to be thinking it makes sense to have a growth rate higher than the average during the Carter presidency, for crying out loud," Timmons added.