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
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
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
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
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia 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
General Motors' strong competitive position in key future technologies in the auto market is underestimated by investors, according to a Wall Street firm.
Bank of America Merrill Lynch raised its rating for GM to buy from neutral, saying the company will thrive due to its upcoming electric and autonomous cars.
"GM's management is proactively pursuing expansion opportunities at an accelerating
pace, while maintaining the strength of its core truck and global auto business, " analyst John Murphy wrote in a note to clients Tuesday. "We believe GM has many pieces of the puzzle (and more pieces than its major competitors) that will be required to deploy and monetize future vehicle technology, namely electrification, autonomy, and connectivity."
GM shares jumped 2 percent to a record Tuesday after the call and are now up 24 percent for the year, compared with the S&P 500's 13 percent return. Murphy raised his price target for GM's stock to $57 from $40, representing 35 percent upside from Monday's close.
"We think GM's ability to integrate an autonomous electric vehicle into a ride hailing fleet
and/or shared fleet, with the overlay of OnStar, puts the company in a unique
competitive first mover position, " he wrote.
— CNBC's Michael Bloom contributed to this story.