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
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.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
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread 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
The dollar steadied close to its highest level in ten weeks on Monday, with strong U.S. wages data at the end of last week giving investors confidence that the Federal Reserve will hike interest rates in December.
Sterling was the biggest mover among developed-market currencies, recovering as much as 0.9 percent on signs that a plot to topple Prime Minister Theresa May would not be successful, easing political uncertainty a touch.
The greenback reached 14-year highs at the start of 2017, but it had spent most of the rest of the year weakening, as weak economic data as well as doubts over U.S. President Donald Trump's ability to push through tax reforms weighed on the currency.
Since then, though, the dollar has recovered almost 3 percent against a basket of major currencies, on signs that Trump's tax reform plans could be back on track, and on a firming-up of bets that the Fed will in December hike rates for the third time this year.
The closely watched non-farm payrolls report on Friday showed the first fall in U.S. employment in seven years, but investors reckoned that was down to the temporary effects of Hurricanes Harvey and Irma, and focused on the largest gain in U.S. wages since December.
Some strategists, though, said the numbers were not enough to materially shift expectations for the Fed's tightening path.
"Friday's wage data were promising but the report was so distorted, I'm not sure investors can take too much from them," said Commerzbank currency strategist Esther Reichelt, in Frankfurt.
"I don't think the market is looking further than the December meeting ... I think we'll stay around these levels for the time being," she added.
Data on Friday showed speculators cut their bearish bets on the U.S. dollar in the week up to last Tuesday.
The dollar index – which measures the greenback against a basket of six other major currencies – hit its highest since late July on the numbers, at 94.267. It traded close to that level on Monday, inching down 0.15 percent to 93.66.
Investors were focused on U.S. inflation and retail sales due later in the week, as well as minutes from the Fed's latest policy meeting.
"The gradual firming of earnings growth supports the Feds plans to continue raising rates gradually, although it remains a concern that underlying inflation pressures have slowed this year," wrote MUFG currency economist Lee Hardman in a note to clients.
Trade was thinned by public holidays in Japan, South Korea and the United States.
The New Zealand dollar touched a four-month low after a final vote count in the country's tight general election released over the weekend failed to identify a clear winner.
The euro hit session highs on Monday against the dollar, yen and Swiss franc after European Central Bank executive board member Sabine Lautenschlaeger said the ECB should scale back its asset purchases next year with the aim to halt the program altogether.