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
Check out the companies making headlines before the bell:
Rolls-Royce, Airbus – Ratings agency Moody's identified the aerospace and defense companies at risk if Britain leaves the European Union. The two companies would suffer from the changes to cross-border movement of parts and equipment, according to Moody's.
Alibaba – Goldman Sachs reiterated its "buy" rating on Alibaba stock and raised its price target to $247 a share. Alibaba will thrive as it dominates new markets in China, according to Goldman Sachs.
Aston Martin (ASTM) – The luxury automaker debuted on London markets with a market capitalization of $5.6 billion.
Michael Kors – Citi upgraded the luxury retailer to a "buy" rating on its steady quarterly earnings wins. The firm said the recent acquisition of Versace "brings uncertainties" but added that Kors did not overpay as "Versace seems to be on the rise."
Tempur-Sealy – Shares of the company soared after Reuters reported competitor Mattress Firm is preparing to file for bankruptcy.
Exxon Mobil – The European Union Commission cleared Qatar Petroleum to acquire a 30 percent stake in Exxon Mobil's shale oil assets in Argentina.
Apple – CEO Tim Cook blasted tech companies which claim greater customer data leads to superior products. That's a "bunch of bunk," Cook said, as he appeared to admonish the likes of advertising giants Facebook and Google, which rely on data sharing with third parties.
Tesla – CEO Elon Musk gave an ultimatum to the Tesla board of directors before the Securities and Exchange Commission filed its lawsuit Thursday, threatening to quit if he and the company entered into the settlement. Musk settled with the SEC two days later.
Cigna – Goldman Sachs added Cigna to its list of "Conviction Buys" and raised its price target on Cigna to $250 a share.