American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead 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
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
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
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
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread 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
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
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Check out which companies are making headlines before the bell:
MGM Resorts – The company owns the Mandalay Bay Resort & Casino, where the suspect in last night's Las Vegas mass shooting was located when the shots were fired. The incident could also pressure promoters of live events, such as Live Entertainment.
Cal-Maine Foods – The nation's biggest egg producer posted a quarterly loss of 33 cents per share, eleven cents a share wider than expected. Sales also came in shy of forecasts. The company noted that it did manage to increase sales over a year ago despite a challenging market and pricing volatility.
AIG — Regulators voted to remove the "systemically important" designation from the insurance company. That designation subjects companies to extra government scrutiny and had first been applied to AIG in 2013.
General Electric – GE finalized its sale of its GE Water division to French water company Suez for $3.4 billion.
Taiwan Semiconductor – The chipmaker's chairman and founder Morris Chang will retire next June, to be succeeded in that role by co-CEO Mark Liu. Liu will become the sole CEO at that time.
Alphabet – Alphabet's Google unit has eased rules that it had imposed on subscription news websites, removing the requirement that they had to provide three free articles per day or become less prominent in search results.
Facebook – Facebook will turn over ads today to Congress that were linked to Russia in the months before and after the 2016 presidential election.
Las Vegas Sands, Wynn Resorts – These and other casino operators with venues in Macau may benefit after September figures showed casinos in the Chinese territory chalked up a fourteenth consecutive month of gains.
Nordstrom – The retailer's talks to take itself private are faltering, according to a report in today's New York Post.
PepsiCo – PepsiCo was downgraded to "hold" from "buy" at Jefferies, which also cut the beverage and snack maker's price target to $108 per share from $133. Among the factors cited: lower food industry multiples and heavy exposure to a difficult US environment.
Generac – The maker of power generators was upgraded to "overweight" from "sector weight" at KeyBanc, which thinks the company could benefit from the recent hurricanes.