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
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread 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
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
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread 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
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
Centi-billionaire Bezos' fortune rose to $112 billion, the biggest single-year gain ever, allowing him to dethrone Gates, worth just $90 billion. Gates has been the richest person in the world for 18 of the past 24 years. The Oracle of Omaha, Warren Buffett, took the third spot on the list with a net worth of $84 billion.
President Trump, worth $3.1 billion, ranked No. 766 falling from No. 544 in 2017. Trump's fortune has fallen $400 million since last year's list, due in part to falling values of Midtown Manhattan real estate and declining revenues at several Trump golf properties.
More than 2,200 billionaires made the Forbes list and their combined net worth is $9.1 trillion which is equal to approximately half the GDP of the United States, the world's largest economy.
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This year, 259 newcomers were added to the list and the number of women rose to 256, up from 227 in 2017. Alice Walton, daughter of Walmart founder Sam Walton, is the richest woman on the list with a fortune of $46 billion.
The United States is home to the greatest number of billionaires, with 585, followed by Greater China (including mainland China, Hong Kong, Macau and Taiwan) with 476, Germany with 123, India with 119 and Russia with 102. California alone has 144 billionaires, more than any single country besides the U.S. and China.
Here's the top 10 list: