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
Senate Democratic Leader Chuck Schumer says senators from both parties are close to finalizing a bipartisan deal to shore up the health insurance exchanges created under Obamacare. The move would stabilize the market for individuals who buy their own insurance plans on the federal or state-based exchanges. (Reuters)
*Uncertainty over Obamacare subsidies pushes insurer off North Dakota exchange (CNBC)
Trump administration health affairs chief Tom Price will repay the federal government nearly $52,000 for his "seat" on more than two dozen private jet trips, which cost taxpayers more than $400,000. He also promised to refrain from using charter flights in the future. (CNBC)
White House top economic advisor Gary Cohn says that tax cuts the GOP proposed this week will be paid for entirely through economic growth. He also said the administration is not willing to go higher than 20 percent on the corporate tax rate. (CNBC)
*Cohn says a typical US family earns $100K a year...here's how much they really make (CNBC's Make IT)
*Cramer is skeptical about the GOP tax plan's chances of passage; here's how to play it (CNBC)
The White House urged the chairman of the Securities and Exchange Commission to put on hold the sale of the Chicago Stock Exchange to a Chinese-led group, the Wall Street Journal reported, citing people familiar with the matter.
The Trump administration declared that its relief efforts in Puerto Rico are succeeding, but people on the island said help was scarce and disorganized while food supplies dwindled in some remote towns eight days after Hurricane Maria devastated the U.S. territory. (AP)
*Calls grow for Trump to bring more resources to aid Puerto Rico (Reuters)
After a report that President Trump's son-in-law and advisor, Jared Kushner, and other senior White House officials were using private email accounts, the White House has launched an internal investigation into the use of private email. (Politico)
Twitter (TWTR) has suspended approximately 200 accounts linked to Russia while it investigates efforts to interfere with the 2016 presidential election. However, Senator Mark Warner, the ranking Democrat on the Senate Intelligence Committee, said Twitter's response was inadequate. (CNBC)
The Green Bay Packers and Chicago Bears stood to observe the national anthem on Thursday. Players and coaches from both teams locked arms on their respective sidelines in a display of unity. No one sat and no one kneeled. (USA Today)
Amazon's (AMZN) Whole Foods unit said involving payment card information. The breach involved restaurants and other venues within some Whole Foods stores and did not involve the overall payment system for groceries. (CNBC)
Alphabet-unit Google (GOOGL) is reportedly building a tabletop smart screen device capable of making video calls, accessing company apps, and controlling smart-home devices. It would be in direct competition with Amazon's Echo Show. (TechCrunch)
Dara Khosrowshahi, the new CEO of Uber, will meet the head of the London transport system next Tuesday as the Silicon Valley giant steps up the fight to regain its license in the British capital. Regulator Transport for London said last week it would not renew Uber's license. (Reuters)
IKEA is buying online on-demand services platform TaskRabbit, which lets users hire people to help them move, clean up the house, or assemble furniture. Much of Ikea's furniture requires customers to screw together table legs, bedframes, and dining room chairs. (AP)
Apple (AAPL) said national security-related quests for information from the government increased by more than four-fold during the first half of the year compared to a year ago. Apple got about 13,500 requests, compared to about 3,000 during the first half of 2016.
KB Home (KBH) beat estimates by 5 cents with quarterly profit of 51 cents per share. Revenue was slightly above forecasts amid double-digit sales and profit growth. KB Home saw average selling prices rise by 12 percent, with profit margins expanding as well.
Volkswagen (VLKAY) added a new $3 billion provision for losses related to its diesel emissions scandal, on top of the roughly $24 billion it has already cost the automaker. Volkswagen said the additional set-aside relates to fixes for certain vehicles that are proving more complex and time-consuming than originally anticipated.
Wal-Mart's (WMT) Jet.com unit is planning to launch its own grocery line, according to the New York Post, featuring more than 60 private label food and household items.
Sony's (SNE) PlayStation 4 can still drive profit growth, according to an analyst report at Bernstein. The firm said the PlayStation 4 has a number of drivers that previous versions of the videogame console did not have, largely related to the transition to digital downloads.
It's a race to Mars for billionaire Elon Musk. The SpaceX CEO provided an update to his vision of creating a permanent, self-sustaining human presence on Mars. SpaceX also aims to do 30 launches next year. (CNBC)
*Lockheed Martin unveils fully reusable crewed Martian lander (CNBC)
*Elon Musk has 100 days to build a battery system or could lose $50 million (CNBC)