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
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
"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
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
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Bank of England Governor Mark Carney says trade war has a confidence effect on business around the worldMarketsread more
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
Check out the companies making headlines after the bell:
Shares of Akcea Therapeutics and Ionis Pharmaceuticals plummeted more than 21 percent and nearly 15 percent, respectively, during after-hours trading after the two companies announced that they had received a complete response letter from the FDA regarding a new drug application for Waylivra. A complete response letter means that the FDA decided that it will not approve the drug in its current form.
Trading of the two stocks was halted for about an hour as a result of the news.
Shares of AMD rose more than 1 percent in the extended session. The chipmaker hit a twelve-year high earlier on Monday, extending a three-day rally as analysts have become more optimistic about the company's outlook.
Heico's stock is up more than 5 percent during after-hours trading after the aerospace and defense company released its third-quarter report. The company earned 49 cents per share for the quarter, 4 cents higher than analysts' estimates of 45 cents per share, according to Reuters. Heico also reported $465.8 million in sales, up from Wall Street estimates of $439.9 million.
Tiffany & Co. shares are down almost 1 percent in the extended session ahead of the company's earnings announcement on Tuesday before the bell. Wall Street expects the jewelry retailer to report revenues of $1.043 billion and earnings of $1.01 per share, according to Reuters.