American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead 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
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
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
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
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...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
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
Apple stock plunged 6.6 percent Friday, a day after the company delivered a strong earnings report but surprised investors with a major shake-up of its quarterly reporting structure and light guidance for the holiday quarter.
Shares ended trading at $207.48, just above the threshold for Apple to maintain its historic $1 trillion market cap, based on Apple's most recently reported share count. That share count, and corresponding share price threshold to maintain a $1 trillion market value, are likely to change when Apple files its quarterly disclosure.
It's the worst day of trading for Apple since January 2014. The losses push Apple into correction territory, more than 11 percent off its recent high.
The company on Thursday posted a huge jump in average selling price for its flagship iPhone, nudging Apple to record revenue and earnings figures. But Apple said the company will stop reporting individual unit sales for the iPhone, iPad and Mac starting next quarter.
Top Wall Street analysts dissed the move. One called it a "tough pill to swallow" and another said it could fuel "fears the company has something to hide." Bank of America Merrill Lynch downgraded the stock citing increased risk.
Friday's stock plunge is a surprising stumble for Apple, which many were expecting to weather an otherwise painful earnings season for the tech sector.
Apple was down 3 percent in October, fairing better than its FAANG stock peers. Facebook shed almost 8 percent in the period; Alphabet lost almost 10 percent; Netflix slid 19.3 percent; and Amazon hemorrhaged 20 percent, making for its worst month since the 2008 financial crisis.