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
U.S. government debt yields rose Wednesday as investors grew more optimistic about trade talks between China and the U.S. There are also a number of Fed speeches that will be followed closely.
At around 2:18 p.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.708 percent, while the yield on the 30-year Treasury bond was also higher at 3.036 percent.
There is a strong focus on trade as China and the U.S. continue holding talks. President Donald Trump said on Tuesday that he could be tempted to push back the March 1 deadline for reaching a trade agreement with China if the two sides were close to a deal.
The South China Morning Post reported on Wednesday that Chinese President Xi Jinping will meet with U.S. delegates on Friday as both sides try to strike a deal. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will reportedly be in attendance. Failure to achieve an agreement would spark higher U.S. tariffs on Chinese goods.
The latest report on consumer prices in the United States showed that consumers faced stagnant costs for the third straight month in January. The unchanged print contributed to the smallest annual increase in inflation in more than 1.5 years, which could encourage the Federal Reserve to hold interest rates steady.
The Labor Department said on Wednesday its Consumer Price Index last month was held down by cheaper gasoline, which offset increases in the cost of food and rents.