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
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread 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
"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
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
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
Epstein, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in New Jersey in early July as he stepped off his private plane, which had...Politicsread more
Lowe's is vying for a category of customer that Home Depot has traditionally dominated — the professional contractor.Retailread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
Yields slipped after Powell said the central bank will continue to act as appropriate to sustain the economic expansion.Bondsread more
General Electric's Chief Executive John Flannery plans to disclose a roadmap for the company on Monday that will focus on three of its biggest business lines — aviation, power and health care, the Wall Street Journal reported, citing a person familiar with the matter.
The report also says the plan stops short of a breakup or more radical restructuring of the 125-year-old company, but Flannery will look to exit most of its other operations.
GE announced Monday it plans to slash its quarterly dividend by 50 percent to 12 cents a share from 24 cents a share.
The Boston-based company also plans to shed its majority stake in Baker Hughes, which became a separate public company in July after merging with GE's oil and gas operations, the report said.
"We don't have a comment until the presentation is released at 8:30 a.m. ET," GE spokeswoman Deirdre Latour said in an email when contacted by Reuters.
GE was reported to be laying off sales staff and other employees in its software division, according to sources, last week, ahead of Flannery's expected announcement on Monday of a plan to slash costs and jettison units in an effort to improve the company's profits.