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
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
"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
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
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 death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Volkswagen plans to build 10 million electric cars based on its new modular MEB platform, the German car maker said on Monday, as it targets the launch of worldwide mass production towards the end of 2022.
VW will build 27 models for four group brands based on the MEB - or modular electrification kit - starting with the Volkswagen ID model that will begin rolling off the production line at its plant in Zwickau, Germany, late next year.
After the diesel emissions scandal broke three years ago, VW unveiled an ambitious plan to become a world leader in green transport. It plans to invest 6 billion euros ($7 billion) in e-car production, of which 1.3 billion will be invested in its German plants at Braunschweig, Salzgitter and Kassel.
"In the first wave alone, around 10 million VW group cars will be based on this platform," the company's head of electric mobility, Thomas Ulbrich, said in a presentation in Dresden.
The company did not give a timeline for the forecast, but stood by its existing target of selling 3 million units per year by 2025 of the 50 battery-powered group models it plans.
Volkswagen, like other German auto makers, is pushing into volume production of electric cars as U.S. rival Tesla struggles to scale up manufacturing of its Model 3, its first car to target the mass market.
BMW and Daimler also plan to ramp up e-car output in the coming years.