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
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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
The yield on the benchmark U.S. two-year note hit its highest level since 2008 on Tuesday amid signs of a stronger economy and a slew of inflation data later this week.
The two-year Treasury rate was last seen at 2.744 percent, its highest level since July 2008.
The yield on the benchmark 10-year Treasury note was higher at 2.974 percent at 1:00 p.m. ET, while the yield on the 30-year Treasury bond was up at 3.117 percent. Bond yields move inversely to prices.
Investors around the globe continue to show signs of cautiousness amid trade and political developments.
Last Friday, President Donald Trump said he was "ready to go" on hitting China with an additional $267 billion worth of tariffs. The U.S. administration had already previously announced that it would impose tariffs on $200 billion in Chinese goods, which continues to be in focus after a public comment period recently expired.
China is reportedly set to call upon the World Trade Organization soon for authorization to inflict sanctions on the U.S., according to a meeting agenda, Reuters reported. The reason for this is because of Washington's non-compliance with a ruling in a dispute over U.S. dumping duties that China introduced in 2013.
Elsewhere, North Korea has come back onto the agenda, after news emerged that Trump had received what The White House dubbed a "very warm, very positive letter" from Kim Jong Un, who called for a follow-up meeting with the U.S. president. Earlier this year, both leaders met in Singapore to discuss denuclearization and the future of the two nations' relationship.
U.S. small business optimism surged to a record in August as President Donald Trump's tax cuts and deregulation initiatives led to more sales, hiring and investment, according to the National Federation of Independent Business.
The NFIB Small Business Optimism Index hit 108.8 last month, the highest level ever marked in the survey's 45-year history and topping the previous record set in 1983, the second year of Ronald Reagan's presidency.
Critical producer price and consumer price data are scheduled for release Wednesday and Thursday, respectively.
The Treasury Department auctioned $35 billion in three-year notes at a high yield of 2.821 percent. The bid-to-cover ratio, an indicator of demand, was 2.68. Indirect bidders, which include major central banks, were awarded 46.3 percent. Direct bidders, which includes domestic money managers, bought 10.7 percent.
—CNBC's John Melloy contributed to this report.