"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
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Yields slipped after Powell said that the central bank will continue to act as appropriate to sustain the economic expansion.Bondsread 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
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
Semiconductor stocks and shares of Apple slid on Friday after President Donald Trump said U.S. companies should "immediately start looking for an alternative" to their...Technologyread more
The two American car companies are among the top exporters of U.S.-produced vehicles to China along with BMW and Daimler/Mercedes-Benz, according to industry data obtained by...Autosread more
Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them find alternatives to their Chinese operations.Marketsread more
Powell repeats his pledge to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
These are the stocks posting the largest moves in midday trading.Market Insiderread more
U.S. government debt prices rose on Wednesday after a measure of producer prices showed a decline, hinting at anemic inflation.
The yield on the benchmark 10-year Treasury note was lower at around 2.966 percent at 11:20 a.m. ET, while the yield on the 30-year Treasury bond was in the red at 3.112 percent. Bond yields move inversely to prices.
Investors around the globe continue to remain on guard 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; these would come on top of the tariffs on $200 billion in Chinese goods which have been previously announced.
Consequently, investors will be keeping abreast of this issue, especially after news emerged that China would seek permission from the World Trade Organization to inflict sanctions upon the U.S. in the near future.
Speaking of the U.S. central bank, a few members of the institution are due to speak Wednesday. Fed Governor Lael Brainard is set to deliver remarks at the Detroit Economic Club luncheon in Detroit, which will look at the economic and monetary policy outlook.
Meantime, St. Louis Fed President James Bullard is set to appear at the CFA Society Chicago's Distinguished Speaker Series Breakfast event.
On the auction front, the U.S. Treasury is set to auction $23 billion in 10-year notes.