Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Apple slashed its revenue forecast on Wednesday amid trade tensions between the U.S. and China, but it's not the first company to signal trade impacts.
In a letter to investors, Apple CEO Tim Cook said the company saw lower-than-expected sales primarily in China. Cook told CNBC's Josh Lipton that the trade dispute with the U.S. is exacerbating economic issues in China.
"It's clear that the economy began to slow there in the second half and I believe the trade tensions between the United States and China put additional pressure on their economy," Cook said Wednesday.
Apple shed 7 percent postmarket. Shares of semiconductor stocks fell after the announcement. Industrial giant Caterpillar, which draws a substantial amount of business from the Asia Pacific region, also saw its shares fall 3 percent in after-hours trade.
The tech executive's comments come amid ongoing trade disputes between the Washington and Beijing governments. While the two countries temporarily agreed in early December to pause tariff escalations, headlines about the ongoing negotiations have continued to send jitters through the market. Prior to that agreement, China and the U.S. had gone back and forth threatening to implement tariffs on billions of dollars worth of imports.
U.S. stock futures fell late Wednesday following Cook's letter.
Many business leaders have said an extended U.S.-China trade war would negatively impact business, or at the very least reduce visibility.
Apple previously sent a letter to U.S. Trade Representative Robert Lighthizer saying President Donald Trump's proposed tariffs on China would affect a number of its products, increasing costs for consumers.
"It is difficult to see how tariffs that hurt U.S. companies and U.S. consumers will advance the Government's objectives with respect to China's technology policies," Apple said in the September letter. "We hope, instead, that you will reconsider these measures and work to find other, more effective solutions that leave the U.S. economy and U.S. consumer stronger and healthier than ever before."
In December, FedEx CEO Frederick Smith said "most of the issues that we're dealing with today are induced by bad political choices." He listed China as one of the company's global concerns.
Alibaba founder Jack Ma previously said the frictions could last for two decades and would be "a mess" for all parties involved. Dell CEO Michael Dell told CNBC in July that the U.S. and China face a "mutually assured destruction" if trade relations collapse, adding that "no one will win" a trade war.
General Motors mentioned uncertainty around China in the bleak picture of the global economy described in talking points distributed to managers in October as the automaker offered buyouts to 17,700 employees.
"We cannot afford to wait and see what happens in the industry, or with China, or in international trade or currency, to then react," the severance document said. "Even if macro-economic factors are partially to blame, continuing to lower guidance to Wall Street is not an option."
But not every company is pessimistic about its future in China.
Late December, Nike said it had not seen a sales impact from the ongoing trade dispute between the U.S. and China. CFO Andy Campion said, "We are bullish about our potential to deliver strong, sustainable growth in this important geography."
In its fiscal second quarter, Nike reported that sales in China grew 26 percent to $1.54 billion, the fastest pace of any division.
In November, IBM CFO James Kavanaugh said the dispute with China will have a minimum impact on the legacy technology company. He said China has a "low single-digit contribution of IBM business but very high value, very strategically important."
— CNBC's Steve Kovach, John Melloy, Ari Levy and Jordan Novet contributed to this report.