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
Billionaire value investor Mario Gabelli said on Thursday's "Halftime Report" that investors should be buying shares of Walt Disney, as he believes the stock could climb to $200 per share in two years.
The longtime investor is a Disney shareholder and explained that the company has a combination of strong earnings growth, minor capital expenditures, and an attractive multiple that will push the stock higher.
Disney's stock price has increased slightly over the course of 2018, primarily due to investor focus on the company's new online streaming media service and the acquisition of assets from Fox.
On Tuesday, Disney's $71.3 billion offer to buy Twenty-First Century Fox's entertainment assets won approval from the European Commission, subject to Disney selling interests in factual TV channels in Europe.
Meanwhile, the company is expected to post fourth quarter results after the close Thursday. Analysts are expecting a 25 percent year-over-year increase in adjusted EPS to $1.34, with revenue growing by 7.5 percent to $13.73 billion, according to Refinitiv data.
Disney has beaten analyst expectations in 5 of its most recent 8 quarters.
That said, Disney's cable segment has suffered lackluster results for the past three years, in part to increasing cord-cutting among viewers, and any updates on the company's streaming strategy will be at the top of investors' minds.