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
Attorney General Jeff Sessions is leaving open the possibility that a special counsel could be appointed to look into Clinton Foundation dealings and an Obama-era uranium deal, the Justice Department said Monday.
In a letter to the House Judiciary Committee, which is holding an oversight hearing Tuesday, the Justice Department said Sessions had directed senior federal prosecutors to "evaluate certain issues" recently raised by Republican lawmakers.
The prosecutors will report to Sessions and Deputy Attorney General Rod Rosenstein and recommend whether any new investigations should be opened, whether any matters currently under investigation require additional resources and whether it might be necessary to appoint a special counsel to oversee a probe, according to a letter sent to Rep. Robert Goodlatte of Virginia, the Judiciary Committee's Republican chairman.
The letter from Assistant Attorney General Stephen Boyd did not say what specific steps might be taken by the Justice Department to address the lawmakers' concerns, or whether any of the matters Republicans have seized might on already be under investigation.
Any appointment of a new special counsel, particularly in response to calls from members of Congress, is likely to lead to Democratic complaints about an undue political influence on the department's decision-making. But Boyd said in the letter that the department "will never evaluate any matter except on the facts and the law."
Sessions said at his January confirmation hearing that he would recuse himself from any investigations involving Democrat Hillary Clinton given his role as a vocal campaign surrogate to President Donald Trump.
He similarly recused himself from a separate investigation into potential coordination between the Trump campaign and Russia, and in May, the Justice Department appointed former FBI Director Robert Mueller as special counsel to lead that probe.
House Republicans in recent weeks have launched their own probes into the Obama administration and Hillary Clinton's emails.
Some have specifically said they want to know more about whether Obama's Department of Justice was investigating the purchase of American uranium mines by a Russian-backed company in 2010.
The agreement was reached while Hillary Clinton led the State Department and some investors in the company had relationships with former President Bill Clinton and donated large sums to the Clinton Foundation.
The letter comes one day before Sessions is to appear before the Judiciary panel for a Justice Department oversight hearing. Democrats on the committee have already signaled that they intend to press Sessions on his knowledge of contacts between Russians and aides to the Trump campaign.