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
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
Bank of England Governor Mark Carney says trade war has a confidence effect on business around the worldMarketsread more
The Nasdaq was up 4.63 percent in after-hours trading after Tesla and Microsoft both crushed third-quarter earnings.
Microsoft reported $29.08 billion in revenue for its fiscal first quarter, beating expectations of $27.90 billion according to Refinitiv. Earnings per share were 18 cents higher than estimates, excluding certain items.
Tesla reported $6.82 billion in revenue compared with an expected $6.33 billion according to Refinitiv. Earnings were $2.90 a share, compared with an expected loss of 19 cents per share.
Prior to the earnings releases, the Nasdaq Composite Index closed down 4.43 percent on Wednesday. Microsoft closed down 5.35 percent, and Tesla closed down 1.92 percent.
Facebook and Apple each jumped about 1 percent in postmarket trading. Netflix, which closed down over 9 percent, rose over 1.5 percent after the bell, as did Amazon. Alphabet also rose over 1 percent.