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
China's HNA Group is dropping its bid to acquire former White House aide Anthony Scaramucci's SkyBridge Capital, a source familiar with the matter confirmed to CNBC.
The deal had endured months of delay and a national security review of companies being sold to foreign buyers. HNA may strike a partnership instead, though the size and details are unknown. Dow Jones first reported the end of the deal on Monday, citing sources.
The source told CNBC that the two sides will announced an agreement to withdraw their filing from the Committee on Foreign Investment in the U.S., the group that reviews cross border deals. They are terminating the purchase agreement after deciding that, because of the uncertainty of the timing it would take to complete a deal, it was no longer in their best interests, the source said.
Scaramucci reached the agreement to sell his ownership in the business to HNA last year in the process of cutting business ties so he could get a job in the Trump White House. He only lasted 10 days as White House communications director.
Instead, Scaramucci is returning to the fund company as co-managing partner, focused on marketing and strategic planning. SkyBridge and HNA are exploring a possible marketing relationship to distribute SkyBridge's offerings in China.