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
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
Bank of England Governor Mark Carney says trade war has a confidence effect on business around the worldMarketsread more
The bug went viral on Monday evening after news outlets, including CNBC, verified that one person was able to place a FaceTime video call to another person and, using the exploit, was able to listen in or see video of the recipient of the call, even if they didn't answer. Attorney Larry Williams II says he heard about the bug on or before Sunday.
His lawsuit, filed Monday in Harris County, Texas, alleges that Apple "failed to exercise reasonable care" and that Apple "knew, or should have known, that its Product would cause unsolicited privacy breaches and eavesdropping." It alleged Apple did not adequately test its software and that Apple was "aware there was a high probability at least some consumers would suffer harm."
The suit says that Williams was "undergoing a private deposition with a client when this defective product breached allowed for the recording" of the conversation.
Williams claimed this caused "sustained permanent and continuous injuries, pain and suffering and emotional trauma that will continue into the future" and that Williams "lost ability to earn a living and will continued to be so in the future."
The lawsuit also says that iOS 12.1, the latest major release of the iPhone operating system, was defective and "unreasonable dangerous" and that Apple "failed to provide adequate warnings to avoid the substantial danger" posed by the security flaw.
A teenager's mother told CNBC that she reported the bug to Apple last week, but Apple has not confirmed to CNBC that it recognized or was able to replicate the bug.
Williams is seeking compensatory and punitive damages as a result of the exploit.
After news of the exploit spread, Apple quickly removed the ability to place group FaceTime calls. The company said that a fix is coming this week.
Apple did not immediately respond to a CNBC request Wednesday for comment about the lawsuit.