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
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.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
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
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
Greycroft co-founder Alan Patricof said Friday that Amazon is "not necessarily" a bad company, but urged that "as a society we have to think about the fact that, you know, at what point do we say we're destroying the fabric of America?"
The venture capitalist pointed to empty storefronts and the country's worsening drug epidemic as evidence of communities breaking down — a trend he said Amazon advances.
"There are empty stores all over because people are pressing buttons and buying and Amazon is leading the way," Patricof told CNBC's "Squawk Alley. " "Do we want to destroy the neighborhood and neighborhood stores?"
Brick-and-mortar retailer Walmart raised similar concerns when it started moving in across the country. But at least then, Patricof said, people were engaging in the outside world.
"Walmart was more a physical presence. It was not online," he said. "Now, I mean, we're talking about an online presence where people press buttons and don't go places."
Patricof's portfolio at Greycroft includes several e-commerce start-ups that could be considered competitors to parts of Amazon's business. Though he told CNBC his criticism comes from a place of "social concern."
Amazon and its dominance in e-commerce have come under heightened scrutiny in recent weeks, as President Donald Trump continues to take on the tech company and its billionaire CEO and Washington Post-owner Jeff Bezos.
"I'd hate to agree with our president. I haven't been exactly supportive of him, but I think that he's not wrong in saying ... we should be looking at it and seeing what the implication it's having for the country overall," Patricof said.