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
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread 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
Trucks are running across the country empty 30 to 40 percent of the time, Dan Lewis, CEO of digital freight matching company Convoy, told CNBC on Thursday
He hopes to change all that by utilizing that free space.
"We think the next big thing in trucking is to actually automate the process of matching those hundreds of thousands, millions of trucks with all of the freight that needs to be moved every day," he told Wilfred Frost.
In fact, he believes inefficiency is the bigger problem than the driver shortage facing the trucking industry.
"Trucks are running down the highway empty, they're sitting for hours at facilities," he said. "You can generate 20, 30 percent more capacity just by running the whole system more efficiently."
Convoy uses software to create what it calls smarter routes that will batch shipments for truck drivers. According to its website, for every 1 percent improvement in truck routes and utilization, nearly 400 million gallons of fuel can be saved, as well as 100 million hours from being wasted and 3 billion miles from being driven each year.
Convoy counts Jeff Bezos among its investors.