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
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
Dorsey said in a tweet Tuesday evening that — out of the hundreds of virtual currencies in existence — the only one he currently holds is bitcoin.
"I only have bitcoin," the entrepreneur told his followers.
Dorsey, whose fintech company Square lets users buy and sell bitcoin via its Cash app, didn't specify how much bitcoin he owned. The digital asset's price has tumbled more than 80 percent since an all-time high near $20,000 it hit in December 2017.
That hasn't stopped him from making bullish calls for the digital coin. Dorsey has made the prediction that bitcoin will one day become the single global currency, and said he hopes the cryptocurrency will eventually be the "native currency" of the internet.
Dorsey also promoted a social media game called "lightning torch," where users add funds to a bitcoin payment and then send the "torch" along to another person so they can add funds and so on.
"Cool example of #BitcoinTwitter experimenting on the Lightning Network," Dorsey said, before passing the "lightning torch" onto Elizabeth Stark, CEO of Lightning Labs, a blockchain company he has invested in.
The game is part of an effort to promote the so-called "Lightning Network," an update to the bitcoin network that would work as an additional layer to the existing distributed ledger that underpins bitcoin. The upgrade would, in theory, make bitcoin transactions cheaper and faster.