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
JPMorgan's top quant said the tax plan released by President Trump and the GOP last week could further boost the stock market if it becomes law.
"If we can have tax reform, [the] market's going to look a little bit cheaper and people will probably go and pick up some value-type stocks," said Marko Kolanovic, global head of macro quantitative and derivatives research, on CNBC's "Fast Money " on Tuesday. "I think market valuations are high, [but] in the context of low yields they're OK."
Kolanovic was credited by traders for causing the whole stock market to drop one day in July after he put a report out to clients telling them to hedge against a market drop and pop in volatility. In early August, volatility spiked and the market pulled back, proving the strategist's call correct. However, the S&P 500 would soon resume its smooth march to new highs, posting a new record on Tuesday.
The strategist said there could be trouble brewing over the long term for equities as the Federal Reserve unwinds its extraordinary stimulus measure, put in place during the financial crisis. The central bank said it will begin to do that this month.
"Rates don't even have to go higher, because the impact of the outflows or reduced inflows into the [Fed's] balance sheet may hit the equity multiple," he said.