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
Amazon shares hit a new all-time high on Wednesday, surpassing $1,500 for the first time.
The stock closed up about 1 percent at $1,482.92, after hitting $1,503.49 a share, the highest level since the e-commerce company's initial public offering in 1997, according to FactSet.
Amazon has built more support from Wall Street after this week's lackluster earnings from rival Walmart. The stock's tear — it's up about 73 percent over the past year— leaves Amazon deadlocked with Microsoft as the third-largest American public company.
Using its lead in industries like retail and cloud computing, Amazon has invested in new areas, like healthcare. That move also made headlines this week. CNBC reported that Amazon quietly launched an exclusive line of over-the-counter health products. And Albertson's Tuesday agreement to buy Rite Aid could improve the combined companies' chances to compete against Amazon, which also owns grocer Whole Foods.
Amazon CEO Jeff Bezos has personally reaped the rewards of Amazon's success. Between when the market opened and the day's high, the world's richest person added more than $1.4 billion in value to his Amazon holdings.
But Bezos has long insisted that he's not interested in daily stock moves. Since the IPO in 1997, the company's credo has been to "make investment decisions in light of long-term market leadership considerations rather than short-term profitability considerations short-term Wall Street reactions."