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
Goldman Sachs CEO David Solomon said Wednesday the chances of a recession are quite small, even though the rate of economic growth is slowing.
"There is no question that the momentum of growth in the United States has slowed," Solomon told Sara Eisen on CNBC's "Closing Bell. " "That said, economic activity in the United States is still chugging along pretty well. I think we're in a position, at the moment, where we should see reasonable growth during the course of the year."
"The chance of recession in 2019 is quite small and the expansion should probably continue," Solomon added.
U.S. stocks are off to a flying start to the year, but worries about the economy remain. The New York Federal Reserve said in a report that a record number of Americans are 90 days behind on their car payments.Meanwhile, optimism among small business owners fell for a fifth straight month in January.
These worries come while the U.S. and China try to strike a trade deal. Both countries have until early March to come to terms on trade. If that does not happen, additional U.S. tariffs on Chinese goods could take effect.
"The market is coming to a point of view that there will be progress on the trade talks," Solomon said. "That's an important next step for investors."