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
CNBC's Rapid Update estimate of GDP has continued to outperform the widely followed Atlanta Fed's GDPNow.
For Friday's third quarter estimate of GDP, which came in at 3 percent, Rapid Update estimated 2.8 percent, compared with 2.5 percent for the Atlanta Fed. Over the three quarters of this year, the average error rate for CNBC has been 0.2 percent, half that of GDPNow' s error. Since 2016, the CNBC Rapid Update has had an average quarterly error rate of 0.41 percent, compared with 0.53 for the Atlanta Fed. Since Rapid Update began in 2014, it has been modestly more accurate by .05 percent.
CNBC Rapid Update is compiled by Moody's Analytics from the tracking forecast models of up to a dozen leading Wall Street forecasters. It is updated every day economic data is released that bears on Gross Domestic Product. Behind the concept is that no single forecaster's model has proven to be the best for tracking GDP, but that an average of the models will offer a better estimate.
The results are updated here on days when data is released that affects GDP.