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
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
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
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia 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
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
Members of the Federal Reserve are reportedly debating whether to signal a "wait-and-see" approach after a probable hike to the central bank's overnight rate at its meeting later this month.
As a part of the Fed's emerging "data dependent" plan, it could chose to pause the regular quarter-point increases to the federal funds rates and not hike in March, the Wall Street Journal reported Thursday. Federal Open Market Committee officials — who vote on whether to change the rate — have been raising the rate about once per quarter for the past two years.
The report sent the Dow Jones Industrial Average rocketing higher in the final hour of trading after it was down more than 700 points.
Under the prior schedule of rate hikes, the Fed would be poised to bump rates again in March; a change to a new pace of hikes could indicate that Fed Chairman Jerome Powell and his colleagues are wary of disrupting the stability of financial markets.
Though market participants and Fed leadership are confident the central bank will hike borrowing costs in December, Powell last Wednesday said that rates were "just below" the level that would be neutral for the economy — meaning they would neither speed up nor slow down economic growth. The comment diverged from a previous remark from Powell that rates were a "long way" from the bank's aimed neutral level.
Minutes from the Fed's November meeting showed that members are wary of the effect trade tensions and corporate debt could have on economic growth, a sign some took to mean that the FOMC could pause regular rate increase in 2019. Moreover, officials indicated that they could adjust future statements to remove the reference to further rate increases and instead emphasize the Fed's reliance on data when making monetary policy decisions.