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
European stocks closed lower Friday afternoon, tracking declines in U.S. stocks after tech titans Amazon and Google parent Alphabet Inc missed earnings expectations.
The pan-European Stoxx 600 ended down 1.21 percent at the provisional close. The U.K.'s FTSE 100 traded down 1.4 percent, while France's CAC 40 and Germany's DAX lost 1.4 percent and 1.8 percent respectively.
On the week the Stoxx 600 lost 2.9 percent in value.
Third-quarter earnings season has been overshadowed by sell-offs across global markets and sharp downgrades to corporate estimates.
Nonetheless, weaker-than-expected results from Amazon and Alphabet Inc overnight exacerbated investors' worries about the dominance of tech stocks in this market cycle.
In Europe, every sector closed lower with media and telecoms stocks leading the declines.
Looking at individual stocks, France's Valeo sank to the bottom of the benchmark, after the car parts company slashed its sales and earnings targets citing industry disruption. Shares of the Paris-listed stock tanked 21.83 percent on the news.
Sweden's Electrolux also tumbled towards the bottom of the benchmark after the company cut its full-year demand outlook on Friday. Shares of the firm had dropped more 4.39 percent on Friday.
Meanwhile, oil refiner Neste surged higher Friday morning, after the company beat expectations with third-quarter results. The company said it expected 2018 to be a very strong year for the firm. Its shares had bounced 10.47 percent.
Market focus is largely attuned to another batch of earnings results on Friday, after a turbulent week of trading worldwide.
Financial markets have been hit hard by a range of worries, including the U.S.-China trade war, a rout in emerging market currencies, rising borrowing costs and bond yields and economic concerns in Italy.
U.S. stocks plunged into a correction on Friday as the release of disappointing quarterly results from key tech companies overshadowed strong economic data.
The Dow Jones Industrial Average fell 520 points, with Home Depot lagging, and was about 1 percent away from entering correction levels. Meanwhile, the Nasdaq Composite dropped 3.3 percent.
At the European closing bell, U.S. equities had staged something of a comeback but were still deep in sell-off territory.