American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead 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
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
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread 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
"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
The bull market could continue into 2018, but investors should expect more headwinds, Charles Schwab's chief strategist Liz Ann Sonders told CNBC on Wednesday.
That's because both the economy and the market are in the latter stages of the cycle, she explained.
"You're seeing it in a lot of the economic characteristics — the pickup in capital spending, the pickup in productivity tend to be late-cycle phenomenons. The likely peaking in PMIs. That doesn't mean we're at an imminent end but it's later-cycle-type behavior," Sonders said in an interview with "Power Lunch " from the sidelines of the Schwab Impact Conference.
She also pointed to the tightening of the Federal Reserve's monetary policy and its "unprecedented" shrinking of its $4.5 trillion balance sheet. The central bank approved the reversal of its historic stimulus in October.
All of that points to a rockier 2018 for the stock market.
"I would expect to see some bouts of pullbacks," Sonders said.
Stocks have continually made new highs this year, but those highs have eased lately.
Sonders said the market has done well because of the turn in global growth and U.S. corporate earnings.
"That really represented the last year's worth of strength. But I think the liquidity environment, which has been so ample, which has been an underpinning under this entire bull market, is still ample," she said.