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
Dunkin' Brands beat estimates for profit and sales on Thursday, selling more breakfast sandwiches and beverages in the third quarter as it prepares to rebrand its flagship chain to underscore its focus on coffee.
Shares of the company fell 3 percent in premarket trading following the report.
Comparable sales at established Dunkin' outlets in the United States rose 1.3 percent, but missed the average analyst estimate due to a fall in traffic. Analysts on average had expected a 1.5 percent rise, according to Refinitiv data.
To pull in more traffic, the coffee and donuts company is changing its main brand from Dunkin' Donuts to Dunkin' in a sweeping rebranding that will also revamp its drinks menu to introduce more high-quality espresso drinks at lower prices as it bids to compete with bigger rival Starbucks.
The company is also pouring more money into digital initiatives such as fulfilling app orders through a dedicated drive-through lane and remodeling stores that are more suited to mobile ordering and payments.
Net income in the third quarter ended Sept. 29 rose to $66.07 million, or 79 cents per share, from $41.2 million, or 45 cents per share, a year earlier.
Excluding items, the company earned 83 cents per share.
Net sales rose 6 percent to $350.01 million.
Analysts on average had expected earnings of 73 cents per share on revenue of $342.9 million, according to Refinitiv estimates.