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
Equipment and industrial analyst Stephen Tusa reiterated both his underweight rating and $10 price target for GE shares Monday, telling clients that investors may be wrong to celebrate the switch given the suspicious timing. Flannery took on the job in August 2017.
"A change of this magnitude at this point, with no real details and no conference call, is negative, in our view. It could be that there are preparations that need to be made in providing more details and holding a conference call but we think it brings into question how serious the situation is," Tusa wrote Monday.
GE shares closed up 7 percent Monday to $12.09.
General Electric's board of directors removed Flannery thanks to frustration with the pace of his turnaround plan for the embattled industrial conglomerate, sources familiar with the situation told CNBC.
Tusa's price target is the lowest on Wall Street and represents more than 11 percent downside from Friday's close at $11.29.
Culp's time at Danaher "could not have been more different to this with a very clean balance sheet, no dividend, and generally solid short cycle businesses," Tusa added.
"We fully expect him to do well, positive for long term investor confidence, but which we believe also means a proper reset to earnings and FCF construct and potential recapitalization to de-risk the balance sheet, all of which represent the most important 'shoes to drop,'" he said.