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 panels ignited at an Amazon warehouse in Redlands, California in June 2018, Bloomberg reports. The news comes days after Walmart sued Tesla for at least 7 fires...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
Google CEO Sundar Pichai sent an internal email on Tuesday condoning an employee protest planned for Thursday in the wake of a bombshell New York Times' report about sexual misconduct at the company, a source tells CNBC.
Pichai's note, previously obtained by Axios, follows a memo he sent staff last week saying the company had made changes in recent years to take "an increasingly hard line" on inappropriate conduct at work and had fired 48 people, including 13 senior managers, in the last two years, without exit packages.
In his latest memo, Pichai clarifies that the company also had not provided exit packages to employees who resigned while the company was investigating claims of sexual harassment.
The original Times report alleged that Google gave former Android leader Andy Rubin a $90 million exit package despite finding sexual misconduct claims against him credible (Rubin denied misconduct through a spokesperson and on Twitter).
Richard DeVaul, another one of the employees named by the Times' as having exhibited inappropriate behavior, resigned earlier on Tuesday. DeVaul did not deny the Times' allegations, but instead apologized for an "error of judgement."
In light of the Times' reporting on how Google shielded some of its executives, some employees are organizing a walkout for Thursday. Pichai said in his latest note that Google's head of people operations, Eileen Naughton, would make sure that managers "were aware of the activities planned for Thursday" and that employees would have the "support" they needed.
Pichai also said in his memo that he'd heard from many employees, some of whom raised "constructive ideas" to improve Google's processes and policies around sexual misconduct, and that the company would take action on some of them. He also said it was clear that the apology from a previous all-hands meeting wasn't enough, and he reiterated that he was "deeply sorry" that past actions had "caused pain."
Google confirmed the legitimacy of the email.