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. government debt yields fell slightly on Wednesday after the Federal Open Market Committee decided to hold rates constant in November.
The yield on the benchmark 10-year Treasury note sat higher at around 2.369 percent at 2:24 p.m. ET, while the yield on the 30-year Treasury bond was up at 2.853 percent. Bond yields move inversely to prices.
As widely expected, the Federal Reserve declined to raise interest rates at its policy meeting this week and said the late-summer hurricanes likely will not have much longer-term impact on overall economic activity.
The Federal Open Market Committee, the central bank's policymaking arm, held its benchmark interest rate target between 1 percent and 1.25 percent. Markets predict the Fed will approve a quarter-point hike at its December meeting.
"They'll probably raise rates in December as they've signaled for some time. But today, they just didn't want to make any news," said Ed Keon of QMA of Fed members. "The market doesn't need drama from every fed meeting."
Bond experts have been closely following the yield curve, which has gotten to its flattest level since before the financial crisis. The spread between 2-year note yields and 10-year yields reached lows unseen since before the financial crisis.
The spread between the U.S. 10-year Treasury yield and 2-year yield fell to 0.739 during the day. If that holds, it will be the lowest close for the spread since November 2007.
The drop in the spread followed the U.S. Treasury announcement that indicated it will issue towards shorter-term securities, in contrast to comments from Treasury Secretary Steven Mnuchin about exploring issuance of 50-year or 100-year bonds.
The number of private-sector jobs created in October rose more than expected, with construction jobs surging in the wake of destructive hurricanes Harvey and Irma.
The ADP National Employment showed private-sector businesses added 235,000 jobs in the month. ADP was expected to show private employers added 200,000 jobs in October, up from 135,000 in September.
Non-manufacturing economic activity eased in October after two months of momentum.
ISM manufacturing index hits 58.7 in October; construction spending up 0.3 percent in September.
Speaking of the Fed, President Donald Trump is expected to announce his pick for the next chair of the central bank Thursday. While there are five key candidates for the role, Fed Governor Jerome Powell has been the recent favorite.
—CNBC's Patti Domm and Christopher Hayes contributed to this report.