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
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
U.S. stock index futures pointed to a slightly weaker open Thursday, as investors turned their attention to new earnings reports from leading U.S. banks.
Dow Jones industrial average futures fell 28 points, while S&P 500 and Nasdaq 100 declined 5 points and 5.75 points, respectively.
Major earnings are set to dominate some discussion on Wall Street, as and are set to post their latest financial figures. JPMorgan Chase posted better-than-expected earnings, but also reported a decline in bond trading revenue, which sent the stock lower in the premarket.
Looking to data, jobless claims and Producer Price Index (PPI) data are set to come out at 8:30 a.m. ET, which will then be followed by the Treasury budget, due out at 2 p.m. ET.
On Thursday, investors are likely to be still be digesting the latest minutes published by the Federal Open Market Committee, after following the release.
In the latest FOMC minutes, the U.S. central bank indicated that was almost certain, even if low inflation continues to weigh on sentiment. The minutes are expected to be of key importance Thursday as leading members from the U.S. Federal Reserve are set to deliver speeches.
Atlanta Fed President Raphael Bostic will be in Hong Kong at a conference, "Unconventional Monetary Policy: Lessons Learned," where he is expected to comment on balance sheet normalization.
Meanwhile, Fed Governor Jerome Powell will likely be discussing emerging markets at the 2017 IIF Annual Membership Meeting in Washington.
Fed Governor Lael Brainard will also be in Washington, but will be participating in a panel on monetary policy at a conference on Rethinking Macroeconomic Policy.
In other news, U.S. President Donald trump is expected to sign an executive order Thursday, to promote health care choice and competition.
, crude prices fell into the red in morning trade, following news that U.S. fuel inventories had risen.
Meanwhile, the stated that in 2018 it saw "three quarters out of four will be roughly balanced — again using an assumption of unchanged OPEC production, and based on normal weather conditions." At 7:21 a.m. ET, U.S. crude traded below $50.55 per barrel, while Brent hovered around $56.27.
Overseas, were mixed in early market trade, while closed on a mostly higher note.
—CNBC's Holly Ellyatt and Jeff Cox contributed to this report.