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
Treasury yields fell on Friday after a top Federal Reserve official said the central bank was getting closer to reaching its neutral overnight rate.
The yield on the benchmark 10-year Treasury note was lower at 3.072 percent, while the two-year note yield traded at 2.808 percent. Bond yields move inversely to prices.
In an interview with CNBC's Steve Liesman, Fed Vice Chair Richard Clarida said the Fed is close to being "neutral" on interest rates. Clarida also said the central bank needs to be data dependent when hiking rates in the future.
"As you move in the range of policy that by some estimates is close to neutral, then with the economy doing well it's appropriate to sort of shift the emphasis toward being more data dependent, " Clarida said during a "Squawk Box " interview, his first public comments since being confirmed in September.
Investors also bought Treasurys amid political turmoil over Brexit and uncertainty surrounding the outcome of U.S.-China trade talks.
Fears that the United Kingdom could soon leave the without a solidified separation deal mounted again, sending the British pound reeling to its against the euro since October 2016 on Thursday. Prime Minister Theresa May has endured a string of resignations from her cabinet in recent days as her advisors split over her efforts to broker a deal with the EU.
"The risk-off environment will persist until some positive political developments occur. One such development predictably worsened this week, as Brexit turned ugly," strategists at MRB Partners said in a note to clients Friday. "The odds have increased that a hard Brexit or Labour Party government might occur, both of which will bring forward a bursting in the countries' debt/housing bubble."
Back home, investors continue to monitor developments in U.S.-China trade talks. On Thursday, a senior Trump administration official told Reuters that China's written response to U.S. demands for trade reforms is unlikely to trigger a breakthrough at talks between President Donald Trump and Xi Jinping later this month.