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
U.S. stock index futures pointed to a slightly higher open Tuesday, with the positive trading streak for the fourth quarter set to continue, after Wall Street finished on a strong note in the previous session.
Dow Jones industrial average futures rose 36 points, while S&P 500 and Nasdaq 100 futures gained 2.25 points and 10.25 points, respectively.
While this positive trading sentiment is set to continue, domestic and political news, however, are set to keep investors on edge.
One of the key stories set to dominate talk Tuesday is that of Sunday's deadly shooting in Las Vegas. At least 59 people were killed and more than 500 were injured after a gunman opened fire on thousands of concertgoers at a country music festival. The incident has been categorized as the deadliest mass shooting in modern U.S. history.
In commodities, oil prices showed signs of being under pressure during early market trade, as global supply glut concerns continued to weigh on investor sentiment. At 8:19 a.m. ET, U.S. crude fell slightly, trading around $50.41 per barrel, while Brent hovered around $55.89.
In stocks news, investors are to keep an eye on the latest moves in defense and gun company stocks, following the massacre in Las Vegas, and Procter & Gamble is set to hold a webcast to answer shareholder questions.
Overseas, European stocks were trading relatively flat in market trade, while markets in Asia closed on a mixed to higher note after the Reserve Bank of Australia chose to keep its rates unchanged Tuesday.
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