Stocks opened lower on Friday after China said it will slap new tariffs on U.S. goods.US Marketsread more
Powell repeated his pledge Friday to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
China says the new tariffs will begin Sept. 1 and Dec. 15. That's when President Trump's latest tariffs on Chinese goods are to take effect.Marketsread more
One area that has been raising alarm bells is the market's growing expectation that inflation will go lower and lower, and stay there for a long time.Market Insiderread more
On Tuesday, Walmart filed suit against Tesla alleging its solar panels had caused fires in seven of its stores.Technologyread more
The idea came up as the White House brainstorms on ways to avoid a preelection economic slowdown, The Washington Post reports.US Economyread 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
At least three members of Facebook's Libra organization are considering leaving the operation due to intense regulatory scrutiny.Technologyread more
Google on Friday released a new set of community guidelines that are meant to crack down on what employees can say inside the company.Technologyread more
Emails between Facebook employees from 2015 illustrate early actions the company took to investigate third-party use of their data.Technologyread more
Andrew McCabe filed a lawsuit alleging that his removal was part of a scheme by President Donald Trump to remove government employees "because they were not politically loyal...Politicsread more
Facebook COO Sheryl Sandberg apologized for the Cambridge Analytica data scandal in an interview with CNBC's "Closing Bell " on Thursday and said the fallout is likely to bring greater regulation for the social media giant.
"Mark [Zuckerberg] has said, 'It's not a question of if regulation, it's a question of what type,'" Sandberg said. "We're open to regulation. We work with lawmakers all over the world."
Facebook is facing questions from lawmakers on both sides of the Atlantic after research firm Cambridge Analytica, which worked for Donald Trump's presidential campaign, was suspended from Facebook for allegedly misusing the personal information of tens of millions of Facebook users.
"We know this is an issue of trust. We know this is a critical moment for our company, for the service we provide," Sandberg said. "We are going to do everything we can."
"That's not how we look at it. We don't look at these trade-offs like, oh it's going to hurt our business in the long run and in the immediate term," Sandberg said. "People's trust is the most important thing we have, and that is how we make those decisions."
Sandberg's comments come a day after founder and CEO Mark Zuckerberg broke his silence in a Facebook post and multiple interviews with the media.
"Sometimes, and I would say certainly this past week, we speak too slowly," Sandberg said. "If I could live this past week again, I would definitely have had Mark and myself out speaking earlier, but we were trying to get to the bottom of this."
— CNBC's Julia Boorstin contributed to this report.