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
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"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
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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
Intel's interim CEO, Robert Swan, told CNBC on Friday that a number of global concerns are leading the company to reduce its 2019 outlook.
"Some geopolitical dynamics ... are going to weigh on ultimate consumers and enterprise desires to buy, and that's whether it's U.S.-China trade, whether it's the U.S. government shutdown, whether it's Brexit," Swan said on "Squawk Alley." "As we enter 2019, we just see a little bit of cloudy macro and geopolitical dynamics."
Intel reported lower-than-expected fourth-quarter revenue of $18.66 billion after the bell Thursday. The computer chip giant also warned on guidance for the first quarter 2019.
Shares of the Dow component were sinking about 6 percent Friday, wiping out this year's gains.
Still, Swan saw some optimism for the second half of the year.
"We expect those clouds to dissipate overtime and get back to a more healthy environment," he said. "But right now, we're a little bit cautious in light of those clouds as we look into 2019 and set our expectations for the year."
Meanwhile, Swan, who said he does not want the CEO job permanently, said the Intel board has not picked a new chief executive yet. While refusing to put a timetable on the search, he did say he expects a decision in the "near term."