Stocks opened lower on Friday after China said it will slap new tariffs on U.S. goods.US Marketsread more
Powell repeated his pledge Friday to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
China says the new tariffs will begin Sept. 1 and Dec. 15. That's when President Trump's latest tariffs on Chinese goods are to take effect.Marketsread more
One area that has been raising alarm bells is the market's growing expectation that inflation will go lower and lower, and stay there for a long time.Market Insiderread more
On Tuesday, Walmart filed suit against Tesla alleging its solar panels had caused fires in seven of its stores.Technologyread more
The idea came up as the White House brainstorms on ways to avoid a preelection economic slowdown, The Washington Post reports.US Economyread more
The Koch brothers financed one of the most influential political networks in the modern era. The sprawling political empire includes conservative and libertarian nonprofits...Politicsread more
At least three members of Facebook's Libra organization are considering leaving the operation due to intense regulatory scrutiny.Technologyread more
Google on Friday released a new set of community guidelines that are meant to crack down on what employees can say inside the company.Technologyread more
Emails between Facebook employees from 2015 illustrate early actions the company took to investigate third-party use of their data.Technologyread more
Andrew McCabe filed a lawsuit alleging that his removal was part of a scheme by President Donald Trump to remove government employees "because they were not politically loyal...Politicsread more
Furloughed federal workers are turning to Uber during the shutdown for bridge income, Uber CEO Dara Khosrowshahi said Wednesday.
"We love it when new driver partners join the platform, but this is most definitely not how we want new driver partners to join the platform," Khosrowshahi told CNBC's "Squawk Box" from the World Economic Forum in Davos. "We haven't quantified [how many new drivers have joined], but it's definitely happening in D.C., and it's happening to the most needy. We're hoping that this ends."
Washington D.C. is now in its 33rd day of a government shutdown. More than 800,000 federal workers are going without paychecks and facing mounding financial pressure.
Temporary work as an Uber driver comes with a relatively low barrier to entry, Khosrowshahi said. Anyone with a car, a license and a clean criminal record can download the app and get started.
"One of the benefits of Uber is that for people who are displaced temporarily — if they lose their job, if something happens and they need some earnings opportunities — Uber is there. And then when they don't need Uber, they can kind of move on," he said.