American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead 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
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
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
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Leon Cooperman, the hedge fund billionaire and former Goldman Sachs partner, came to the defense of Amazon founder Jeff Bezos, whom he called a "fabulous CEO and person," in a conversation with CNBC's Scott Wapner on Friday.
Meanwhile, Cooperman also acknowledged he holds a small stake in American Media Inc., led by CEO David Pecker and publisher of the grocery store tabloid National Enquirer. Pecker and Bezos have sparred over a series of messages and photos National Enquirer has of Bezos. The e-commerce titan has accused American Media of trying to use the materials to blackmail him.
Cooperman told CNBC, "I am a negligible holder acquired in a company reorganization, have zero involvement in the business." He added he owns Amazon shares and "think Jeff Bezos is a fabulous CEO and person." He did tell Bloomberg last year, "I happen to respect David Pecker."
On Friday, NBC News reported, citing sources, that federal prosecutors are reviewing the National Enquirer's handling of a story involving Bezos to determine whether the company violated an immunity agreement.