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 summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread 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
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
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
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
Square announced an agreement on Thursday to buy website-building company Weebly for $365 million.
The cash-and-stock deal will allow small business customers to use both Weebly and Square to easily build websites and online stores, the companies said.
Weebly is a website-building service, similar to Squarespace or Wordpress, and was backed by Sequoia, Tencent and Y Combinator, according to Crunchbase. Weebly also competes with Medium, created by former Twitter CEO Evan Williams.
Square, run by current Twitter CEO Jack Dorsey, is a financial technology company that's best known for its eponymous square white payments devices, typically used at small businesses with iPads to read credit cards. The company, also backed by Sequoia, has had an impressive run on Wall Street this year, with shares rising nearly 35 percent year-to-date.
The merger is expected to close in the second quarter of 2018, and Weebly employees will get Square stock that vests over the next four years. Square said the deal will add recurring revenue to Square's business and help its international expansion.
Square's rapidly diversified its business recently — last week, it announced the acquisition of Zesty, a corporate catering start-up. Shares of Square rose about half a percent after the Weebly deal was announced in extended trading.