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 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
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 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
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US 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
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
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Time is money, and a new report shows just how much time and money Americans are wasting sitting in their cars and trucks.
The total last year was $87 billion, or $1,348 per driver, according to new data analyzed by research firm INRIX. Each year, INRIX issues a Global Traffic Scorecard based on millions of pieces of data from connected vehicles, departments of transportation, cellular positioning reports and a number of other sources.
The picture they paint of congestion in the U.S. in 2018 is not pretty, especially when it comes to the excess amount of time we spend behind the wheel slowly making our way to work or some other destination.
"Traffic is still really bad out there," said Trevor Reed, transportation analyst with INRIX.
INRIX ranks Boston, Washington, D.C., and Chicago as the three worst U.S. cities for congestion in terms of hours lost by drivers annually.
In the Boston area, INRIX calculates drivers lost 164 hours, just under one week, dealing with slow-moving traffic last year. The cost of that congestion to the Boston area in terms of lost productivity came to $4.1 billion, according to the report. INRIX says that works out to an average "congestion cost" per Boston-area driver of $2,291.
The analysis says Washington, D.C., and Chicago drivers lost 155 and 138 hours, respectively, due to heavy traffic in 2018. Both are ranked by INRIX as slightly more congested than New York City and Los Angeles.
"Old cities that did not develop around cars and driving have the worst congestion," said Reed.
Reed says cities in the U.S. are not the worst in the world when it comes to congestion. That dubious distinction goes to Moscow, Russia, where INRIX says the average driver lost 210 hours to congestion last year. Rounding out the Global Traffic Scorecard list of the five worst cities in the world for congestion are Istanbul, Turkey; Bogota, Colombia; Mexico City, Mexico, and Sao Paulo, Brazil. INRIX ranked Boston #8, the only U.S. city in the report's top 10 for bad traffic worldwide.
While long, slow commutes are not going away, Reed said, cities are working to ease congestion. "Traffic is unlikely to get better, but you are starting to see an improvement in options to move people with the addition of things like bike lanes or designated routes," he said.
Questions? Comments? BehindTheWheel@cnbc.com.