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
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread 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
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
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
"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
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.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
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Bank of England Governor Mark Carney says trade war has a confidence effect on business around the worldMarketsread more
Tesla is shuffling its leadership after reportedly missing its first-quarter Model 3 production targets.
Field, Tesla's senior vice president of engineering, will focus on "vehicle engineering," while Musk focuses on Model 3 production.
"Model 3 production is the highest priority at Tesla, so Elon is focusing his time there while Doug focuses on vehicle engineering," a Tesla spokesperson said.
Field had been consolidating power at Tesla, since leaving Apple to join the electric automaker in 2013, the Information reported.
Tesla's future as a mass-market automaker hinges on efficient, automated production of the Model 3, but the company has faced significant issues with production speed and quality of parts.
Musk said in July 2017 that Tesla would probably be making 20,000 Model 3s per month by December, but the company then downgraded those expectations to 2,500 per week. Earlier on Monday, Jalopnik reported that Tesla was making 2,000 Model 3s per week as of the end of the first quarter.
Model 3 production issues aside, Tesla has faced an onslaught of bad news in recent weeks. The company on Thursday announced a voluntary recall of 123,000 Model S vehicles because of an issue with a power-steering component. And last week, the National Highway Traffic Safety Administration launched an investigation into the role of Tesla's Autopilot in a crash that killed a driver in California. The NTSB faulted Tesla in a prior fatal Autopilot crash.
WATCH: Worst still to come for Tesla?