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
Check out the companies making headlines before the bell:
CBS – CBS is in talks with National Amusements and controlling shareholder Shari Redstone to settle litigation over control of the media company, according to a Wall Street Journal report. According to people familiar with the talks, CBS would drop its attempt to strip National Amusements of its voting control, and National Amusements would refrain from pushing for a merger of CBS and Viacom, which it also controls.
Exxon Mobil – Exxon Mobil signed a preliminary agreement to invest in a petrochemical plant and liquefied natural gas terminal in China.
Facebook – Facebook is investing more than $1 billion to build a new data center in Singapore, its first such facility in Asia.
Navistar – The truck and engine maker reported adjusted quarterly profit of $1 per share, 10 cents a share above estimates. Revenue was slightly below Street forecasts, however. Navistar was helped by fleet upgrades and strong freight demand.
GlaxoSmithKline – Glaxo will cut 650 U.S.-based jobs as part of a recently announced restructuring. The British drug company currently employees about 15,000 people in the U.S.
DocuSign – DocuSign earned an adjusted 3 cents per share for the second quarter, 2 cents a share above estimates. Revenue also topped forecasts. The provider of electronic signature technology, which went public in July, also gave strong revenue guidance for the current quarter and the full year.
G-III Apparel – The marketer of licensed apparel earned an adjusted 22 cents per share for its latest quarter, well above the 3 cents a share consensus estimate. Revenue also beat forecasts, and G-III also increased its full-year outlook.
MongoDB – MongoDB lost 41 cents per share for the second quarter, 4 cents a share smaller than Wall Street had anticipated. The database platform company's revenue exceeded Wall Street estimates, however it gave mixed guidance for the current quarter and full year.
Cloudera – Cloudera posted a quarterly loss of 8 cents per share, 7 cents a share smaller than consensus forecasts. The cloud computing company's revenue came in above analysts' forecasts. It also cut its projected annual loss.
GameStop – GameStop is up once again in pre-market trading after jumping a combined 22.5 percent over the past two sessions. The video game retailer's rise is being fueled by reports that GameStop is working with an adviser on a potential sale of the company and that private-equity firms Sycamore and Apollo are both interested.
Verint Systems – Verint earned 76 cents per share for the second quarter, beating consensus forecasts by 14 cents a share. The maker of call center software also reported better-than-expected revenue, and increased its full-year revenue forecast.
Lands' End – The apparel retailer lost 16 cents per share for its latest quarter, compared to the consensus estimate of a 4 cents per share loss. Revenue also came in below Street forecasts, although the company points out that sales grew for the fifth consecutive quarter.