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
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
"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
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
European stocks closed higher on Wednesday as investors kept their focus on earnings and monitored an upcoming Federal Reserve meeting.
The pan-European Stoxx 600 closed provisionally more than 0.6 percent higher with most sectors trading in positive territory. Basic resources were the top-performing sector, up by almost 2.8 percent, on earnings.
Looking across the benchmark, Inmarsat rose more than 8 percent as demand for Wi-Fi on flights aided its first-quarter results. Novo Nordisk saw its shares up by more than 4 percent on earnings. The drugmaker beat expectations in its first quarter.
Paddy Power Betfair sank to the bottom of the index, down by almost 5.6 percent. The company reported a 6 percent drop in earnings for the first quarter on higher taxes in the U.S.
On Wall Street, the tech-heavy Nasdaq index opened higher, boosted by Apple's strong quarterly results.
The Federal Reserve is due to conclude a two-day monetary policy meeting on Wednesday. Market expectations suggest that there will be no new rate hikes in the U.S., but analysts will be looking for indications as to whether that will happen shortly.
In Brussels, the European Commission proposed a bigger budget for the soon-to-be 27 member bloc. The proposal, which will apply from 2021 to 2027, aims to cut farm subsidies and increase spending on research and technology.
In terms of data, euro zone manufacturing PMIs showed a slight slow down in activity. The final March reading came in at 56.2, which represented a 13-month low. The data comes a time when many analysts have started wondering about a potential economic slowdown in the euro area.