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
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
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
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
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
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia 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
Now that WhatsApp founder Jan Koum has left Facebook, it's likely that the service will use more ads, according to Barclays analysts.
"We've been told by many of our checks over the last few years that 'once Jan leaves, that's when the ads show up,'" Barclays analysts said in a note on Tuesday,
WhatsApp was bought by Facebook for $19 billion in 2014, making it Facebook's largest acquisition. According to Barclays, there has been tension between the two teams about how to monetize the messaging app. Analysts predict that Koum's departure means that Facebook may take this opportunity to monetize WhatsApp more aggressively, which could include an influx of ads.
While the future of WhatsApp's business model is still unclear, Barclays points out that the app's high number of daily active users and strong engagement could increase Facebook's overall impression growth significantly.
Koum left Facebook on Monday, and the company confirmed he was not standing for re-election to the board on Tuesday. He gave no reason for his departure, but the Washington Post reported he was "worn down by the differences in approach" around a variety of issues, including ad-based revenue and data targeting.