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
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
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
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia 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
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
European markets closed lower Tuesday, as investors monitored the latest political developments in the euro zone.
The pan-European Stoxx 600 was down 0.25 percent, with most sectors and major bourses in negative territory.
Travel and leisure stocks were among the worst performers, down 0.6 percent amid a slip in summer trade. Britain's Merlin Entertainments said a "spate of terror attacks" in the U.K. and unfavorable weather over its key summer trading period had hampered the business in 2017. Its shares were more than 15 percent lower on the news.
Elsewhere, U.K. education group Pearson issued its latest trading update Tuesday and said "good progress" had been seen during the first six months of the year. In an interview with CNBC, CEO John Fallon said the results were "encouraging", yet it was still "early days" as publishers worldwide continue to deal with the rise of digital. Its shares surged more than 7 percent to hit the top of the European benchmark.
Looking at individual stocks, Danone reported underlying sales growth sped up in its third quarter, boosted by rising demand in some of its products in China. Its shares were almost 2 percent higher on the news.
Airbus agreed Monday to buy a majority stake in Bombardier's C-Series jetliner program, grabbing control of a struggling competitor at the second attempt and giving the Canadian plane-and-train-maker an unexpected boost in its costly trade dispute with Boeing. Airbus' shares were up more than 4 percent.
On the political front, Spain's IBEX pared all of its losses from morning trade. On Monday news emerged that Madrid's High Court had detained two Catalan separatist leaders. Further to this, Catalan President Carles Puigdemont failed to respond to Spain's ultimatum to shed light on whether he would officially declare independence in the previous session.
The 30-stock index also reached 23,000 for the first time.
Elsewhere, Brexit will be on the back of investors' minds Tuesday after British Prime Minister Theresa May met with leading EU officials in Brussels on Monday.
Both May and the European Commission President Jean-Claude Juncker called for the pace of Brexit negotiations to be accelerated. The two leading figures also went on to comment on strengthening security in Europe, terrorism, and preserving the Iran nuclear accord.
Overseas, the Prime Minister of Greece, Alexis Tsipras will be in Washington on Tuesday where he is set to meet with President Donald Trump at the White House. The leaders are expected to discuss a number of topics, including economic investment and defense cooperation.
On the data front, Britain's inflation rate soared to a fresh five-and-a-half-year high in September. The consumer prices index rose 3 percent last month, up from 2.9 percent in August.