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
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
"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
Check out the companies making headlines after the bell:
Tesla's stock rose more than 3 percent during after-hours trading after a CNBC report that the Tesla board plans to tell Elon Musk to recuse himself from a board review of his proposal to take the company private. Sources familiar with the matter said the electric car maker's board of directors plans to meet with financial advisors next week to explore a buyout, an idea that Musk announced on Twitter earlier this week. The board has already told Musk that he needs his own advisors.
Overstock shares skyrocketed as much as 21 percent in the extended session after the company announced that private equity firm GSR Capital will buy up to 3.1 million shares of its stock as part of a larger deal. The Hong Kong-based firm will invest up to $374.55 million in both Overstock and its blockchain subsidiary tZero. It also will buy $30 million of tZero's tokens from Overstock.
Dropbox's stock plummeted more than 7 percent in the extended session after the the company announced that its COO Dennis Woodside is stepping down. Dropbox is not naming Woodside's successor, but will promote two executives internally.
News of Woodside's departure eclipsed the company's strong second-quarter results. Dropbox earned 11 cents per share for the quarter, up 5 cents from Wall Street estimates of 6 cents per share. It also beat revenue estimates, reporting $339 million in revenues versus the $331 million expected by analysts.
Lions Gate shares climbed 5 percent during after-hours trading following an earnings and revenue beat for its second quarter, but the company's stock later gave up those gains. The entertainment company reported a smaller-than-expected loss of 4 cents per share, versus the 7 cents per share loss expected by Wall Street. It also beat estimates for revenue, reporting $933 million in sales against the $885 million estimated by analysts.
Universal Display Corporation's stock soared more than 8 percent in the extended session after the release of its second quarter results. The lighting and display company beat top and bottom line estimates, reporting earnings of 23 cents per share and revenues of $56.1 million. Wall Street estimated that Universal Display would report 15 cents per share and revenues of $49.6 million.