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
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"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
Tropical Storm Gordon on Tuesday barreled toward central U.S. Gulf Coast, where it was expected to become a hurricane and bring high winds and heavy rain to the region, the National Hurricane Center (NHC) said.
The storm was due to come ashore late on Tuesday near the border between Louisiana and Mississippi, and drop as much as eight inches (20 cm) of rain in areas still recovering from last year's hurricanes.
Louisiana Governor John Bel Edwards declared a state of emergency, saying 200 Louisiana National Guardsmen were being deployed, along with 63 high-water trucks, 39 boats, and four helicopters.
New Orleans' mayor, LaToya Cantrell, declared her own state of emergency and closed all non-essential government offices.
The Mississippi Emergency Management Agency warned of storm surges of between 3 and 5 feet and told South Mississippi residents to be prepared to evacuate.
Gordon was generating winds of 65 miles per hour (105 km per hour) on Tuesday as it steamed west-northwest at 17 mph, the National Hurricane Center said.
As of Tuesday morning, it was located about 230 miles east-southeast of the mouth of the Mississippi River, the Miami-based weather forecaster said.
U.S. oil producer Anadarko Petroleum evacuated workers and shut production at two offshore oil platforms on Monday, and other companies with production and refining operations along the Gulf Coast said they were securing facilities.
The U.S. Coast Guard also said the ports of New Orleans as well as Gulfport and Pascagoula, Mississippi, may have to close within 48 hours.
The storm passed over Florida's southern tip on Monday afternoon. There were no reports of any injuries or deaths or any damage to buildings, said Alberto Moscoso, a spokesman for the Florida Division of Emergency Management.