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:
DowDupont – CEO Edward Breen will become executive chairman of the specialty products company resulting from DowDupont's planned split into three companies next year. That unit will take the DuPont name. It had been previously announced that current DowDupont executive Jim Fitterling will become CEO of Dow Chemical, the name DowDupont will take when the other two companies – to be known as DuPont and Corteva Agriscience – are separated.
American Express – The financial services giant was upgraded to "overweight" from "equal-weight" at Stephens, saying Amex is successfully increasing merchant engagement and driving payment volumes higher.
Bed Bath & Beyond – The household goods retailer's stock was upgraded to "market perform" from "underperform" at Raymond James, saying that sales results should reflect an improved consumer environment.
Lululemon – The athletic apparel maker's stock was upgraded to "outperform" from "market perform" at Wells Fargo, which said the company's momentum is likely sustainable well into 2019.
Meredith Corp. – Meredith sold its Time media brand to Marc and Lynne Benioff for $190 million. The Benioffs are purchasing Time personally and the deal is unrelated to Salesforce.com, where Marc Benioff is chairman and co-chief executive.
Campbell Soup – Campbell and activist hedge fund Third Point filed separate preliminary proxy materials urging shareholders to vote for two completely different board nominee slates. Third Point has criticized the food maker's current board and management for failing to implement moves to improve the company's performance.
Teva Pharmaceutical – Teva's migraine drug Ajovy was approved by the Food and Drug Administration. Teva said the drug should be available in about two weeks.
Unilever – Unilever's ninth largest shareholder, Aviva Investors, will vote against the consumer goods giant's plan to move its headquarters to the Netherlands, according to the Financial Times.
Tronc – Tronc is in early stage talks to be acquired by rival newspaper publisher McClatchy, according to sources quoted by the Chicago Tribune. Tronc owns the Tribune, and other major newspapers. New York investment firm Donerail Group has been in talks to buy Tronc since early August, with sources saying that Donerail has offered between $19 and $20 per share.
Amazon.com – Amazon is investigating suspected data leaks and bribes of its employees, according to The Wall Street Journal. Such moves can give an edge to independent merchants who sell their products on Amazon. Separately, a Citi analyst report suggests that Amazon could announce in the coming years that it will split its retail and Amazon Web Services businesses.
CORRECTION: This story has been updated to show that Tronc owns the Tribune and other major newspapers, but not the Los Angeles Times.