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
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
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
Airbnb has been a major disruptor in the travel and hospitality industry, but the CEO of Hyatt Hotels said the popular app has only made his business stronger.
The rise of Airbnb as a competitor to hotels has pushed Hyatt to up its game and focus on the way it provides services to its core high-end traveler clientele, Mark Hoplamazian said during a presentation Friday.
"Airbnb has demonstrated that people really do care about the interpersonal human experience. Their founding was about connecting individual travelers to real people," he said at the Baron Investment Conference in New York. "Airbnb has actually expanded travel and they've inspired us to think about how we do business."
The app allows travelers to book private accommodations at prices that often are cheaper than what they would pay at big hotels.
Rather than watch its business shrink amid what Hoplamazian called "fierce" competition, the Hyatt brand has expanded.
The company is opening at least 60 new hotels this year and also is at a record pace for new building. Hyatt employees are being trained to focus on letting guests "let them be themselves."
Much of that growth is coming from China, which he said has accounted for 120 million of the world's travelers this year.
"The wind is at our back, because people are looking for experiences," Hoplamazian said. "There are more and more people around the world who can afford to travel. That base of travelers that is expanding is significantly driven by travelers coming out of China."
Other new trends in the industry he outlined are a focus on wellness and a continued emphasis on corporate culture.
"Many, many more companies are turning to mindful practices in their businesses to allow their own employees to be their best selves and to be balanced. A lot of it is to manage stress," he said.