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
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
"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
The firm raised its rating on Comcast shares to outperform from market perform, predicting investor sentiment for the company will improve over the next year.
On Thursday Comcast said it would not pursue its bid to buy parts of Twenty-First Century Fox, choosing to focus on its offer for Britain's Sky.
“We are upgrading shares of Comcast … following its announcement that it will not make a superior offer for the FOXA carve-out assets,” analyst Frank Louthan IV said in a note to clients Thursday. “Our thesis on the operating business remained unchanged, as Comcast is the best positioned large-cap cable/telco name with predictable growth, cash returns to shareholders, low leverage, recurring revenue, and FCF growth.”
Louthan commended the company’s price discipline in its bidding war with Disney over Fox’s assets.
Comcast shares rose 3 percent Thursday after the announcement. Its stock is down 15 percent this year through Wednesday versus the S&P 500’s 5 percent gain.
The analyst initiated a new $40 price target for Comcast shares, representing 17.5 percent upside to Wednesday’s close.
“We believe Comcast is the best operator in the space with an attractive set of assets, and that this will be better reflected in the share price over the next 12 months,” he said.
Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com.