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
is expected to announce a new, upgraded Pixel 2 smartphone at an event today in California. Anticipated improvements include longer battery life and even higher quality photos. Our colleagues at the Verge are covering it live here.
Google insists it has ambitious plans to create "compelling hardware products" and recently announced it would be hiring about 2,000 engineers from Taiwanese phone maker HTC to help achieve them. You can imagine future Pixels and other projects as part of that partnership (today's is reportedly a partnership with LG).
What's less clear is whether Google has any significant changes in store to how the Pixel is marketed and sold. Because while its first version was critically acclaimed for both its hardware and software, it has not made much of a dent in the U.S. smartphone market after launching last October.
An average 0.7 percent of U.S. smartphone subscribers used the Pixel in the three month period ending in August, according to data from measurement company comScore. For context: iPhone is used by 45.5 percent of subscribers, and phones — the dominant company using Google Android to power its devices — represents 29.5 percent of U.S. subscriber share. More broadly, 53 percent of U.S. smartphone subscribers use Android phones.
Does it matter if Google has a successful phone hardware business? Not really — the company is still phenomenally profitable based on its search advertising business.
But Google says it wants to be good at hardware, and it can theoretically make Android phones much better — and maybe even generate a profit — by more tightly integrating hardware, software and services, à la the Apple iPhone model.
It would be a waste and a shame if Google's best efforts only reached the 1 percent who went out of their way to find them. So it will be telling if Google cares enough to make this chart look very different in another year.
—By Dan Frommer and Rani Molla, Recode.net.
CNBC's parent NBCUniversal is an investor in Recode's parent Vox, and the companies have a content-sharing arrangement.
More from Recode:
Two black lawmakers say Twitter must address 'racism and bigotry' — or else face regulation
Most Americans expect cars to be driverless within 50 years — but still won't ride in them
Europe has ordered Amazon to pay nearly $300 million in back taxes