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
Altria shares rallied Wednesday on a report that the Marlboro cigarette maker is in talks to buy a stake in Canadian marijuana company Aphria.
Details of Altria's proposed investment are still being hashed out, multiple sources told Toronto-based Globe & Mail. The report also said that Altria hopes to start as a minority stakeholder in the Leamington, Ontario-based pot grower, but could become a majority shareholder over time.
Altria shares are up 0.8 percent in afternoon trading Wednesday, while Aphria's stock gained 13 percent in Toronto.
A spokesman for Altria said he would not comment on the rumors while Aphria did not immediately responded to CNBC's request for comment.
Richmond, Virginia-based Altria produces and markets tobacco, cigars and wine. The $119 billion company owns Philip Morris USA, the maker of Marlboro cigarettes and has sizable stake in Anheuser-Busch, the world's largest brewing company.
The globe's major alcohol companies have also wasted no time exploring joint ventures with a handful of lucky cannabis producers.
recently increased its investment in Canopy Growth , granting the Corona beer brewer a foothold in an industry it expects to soon be legal in the United States.
"We think that we're by far the best company in the world — or in the best position in the world of any company — to capitalize on what is absolutely without a doubt going to be a huge market over the next 10 years, hundreds of billions of dollars," Constellation CEO Robert Sands said in the company's earnings call Thursday.
Shares of Tilray, a marijuana producer, jumped 5.9 percent.