"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
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
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 that the central bank will continue to act as appropriate to sustain the economic expansion.Bondsread more
Semiconductor stocks and shares of Apple slid on Friday after President Donald Trump said U.S. companies should "immediately start looking for an alternative" to their...Technologyread more
The two American car companies are among the top exporters of U.S.-produced vehicles to China along with BMW and Daimler/Mercedes-Benz, according to industry data obtained by...Autosread more
Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them find alternatives to their Chinese operations.Marketsread more
Powell repeats his pledge to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
These are the stocks posting the largest moves in midday trading.Market Insiderread more
The Koch brothers financed one of the most influential political networks in the modern era. The sprawling political empire includes conservative and libertarian nonprofits...Politicsread more
On Friday morning, Malone doubled his position in Discovery Class A Stock with the purchase of 332,523 shares, for $6.6 million dollars, according to a securities filing.
This position strengthens Malone's already hefty stake in Discovery's Class A stock, which now exceeds 670,000. The media titan also owns 95 percent of Class B and 5.9 percent of Class C shares — together worth more than $412 million dollars as on Friday's close, according to Factset.
Shares have Discovery have taken a beating since the company announced its $15 billion acquisition of Scripps Networks in July. At its November low, shares had fallen nearly 35 percent, on investor fears surrounding the combination's advertising and ratings growth in the evolving media landscape.
In November, Malone made it clear in an exclusive interview with CNBC that he hasn't lost faith in the company's ability to compete in the direct to consumer space.
"I'm gonna bet that Discovery, with its ownership and control of its content, will be able to transition to direct consumer platforms in a reasonably efficient way," Malone told CNBC at the time.
"And if they successfully do that, then [the stock is] dirt cheap right now. If they can partly get there, they're still cheap," he added.
Discovery stock, traded on the Nasdaq, closed up by nearly 5 percent on Friday.