Stocks dropped after Donald Trump ordered that U.S. companies find alternatives to their operations in China.US Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them find alternatives to their Chinese operations.Marketsread more
President Trump again rips into Federal Reserve Chairman Jerome Powell, comparing him to Chinese President Xi Jinping.Politicsread more
China says the new tariffs will begin Sept. 1 and Dec. 15. That's when President Trump's latest tariffs on Chinese goods are to take effect.Marketsread more
Powell repeats his pledge to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
In a series of tweets Friday, Trump called on American companies to look for "an alternative to China," singling out FedEx, UPS, Amazon and the U.S. Postal Service...Transportationread more
The Koch brothers financed one of the most influential political networks in the modern era. The sprawling political empire includes conservative and libertarian nonprofits...Politicsread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
These are the stocks posting the largest moves in midday trading.Market Insiderread more
The two American car companies are among the top exporters of U.S.-produced vehicles to China along with BMW and Daimler/Mercedes-Benz, according to industry data obtained by...Autosread more
Congressman Patrick McHenry wants credit bureaus to stop using Social Security numbers.
McHenry introduced a bill that would ban the practice by 2020 in wake of Equifax's massive data breach that exposed millions of Americans' Social Security numbers. The legislation would also create regulations for credit bureaus and credit freezes.
McHenry, a Republican from North Carolina, argues Social Security numbers were never intended to be essentially a national identification number. As for what to use instead, McHenry said the private sector can decide. Some possibilities could include blockchain technology, biometrics or personal identification numbers.
"The day and age of us using Social Security numbers in the hands of consumer credit bureaus should end. It's absurd we're this far along with our personal identifiable information being given to credit bureaus most Americans have never heard of," McHenry told CNBC's "Power Lunch" on Friday.
McHenry said the free market argument to let credit bureaus operate how they see fit does not work in this case.
"I look at this and say, 'Well, you're using my information, and you're trying to profit off of me with my information. Let's just at least stop that. That's one. Two, let's not make it so easy that when you get hacked, two-thirds of the American people have the consequences of your ineptitude,'" McHenry said.
On Thursday, Equifax said it was investigating another possible cyberbreach before determining it had not been hacked again.