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
Job openings hit a record in August, indicating companies could face more inflationary pressures ahead with a tight labor market.
The vacancies level hit 7.14 million for the month, according to the Job Openings and Labor Turnover Survey, a report Federal Reserve officials watch closely for clues about where employment stands.
The total number of hires also reached a record of 5.78 million.
Openings dwarfed the total level of workers looking for jobs, which stood at 6.23 million for that month and fell to 5.96 million in September, recent Labor Department statistics show. The JOLTS survey, as it is known, lags the government's nonfarm payrolls count by a month. The survey began in December 2000.
Economists have been watching JOLTS closely as in indicator of when worker wages might start catching up with the acceleration in employment and the rapid decline in unemployment. The headline jobless rate for September was 3.7 percent, its lowest level in 49 years.
Workers continued to show confidence in the jobs market, evidenced by a quits rate that edged just a shade lower from July to 3.58 million. The rate, which counts those who voluntarily left positions, jumped 12.7 percent from August 2017.
"The fact that record numbers of workers are voluntarily quitting their jobs suggests that they are finding substantially better opportunities elsewhere in the economy," said Julia Pollak, labor economist at online employment marketplace ZipRecruiter.
Wages have been moving higher over the past year but still haven't broken out of the post-recession range. Average hourly earnings rose about 2.9 percent in August and 2.8 percent in September.