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
Yelp shares jumped as much as 10 percent after releasing its earnings report Wednesday where it announced it is increasing its share buyback by $250 million. The company handily beat analyst expectations on both revenue and earnings per share.
Here are the numbers Yelp posted compared to analyst expectations:
Earnings per share: $0.37 per share vs. estimate of $0.10 per share, per Refinitiv
Revenue: $244 million vs. estimate of $241 million, per Refinitiv
Yelp's board had previously authorized a $250 million share repurchase program but announced Wednesday that the board is doubling the buyback program to a total of $500 million.
Yelp pointed to strategies that it believes will increase its shareholder value, including expanding business offerings and continuing and seeking effective partnerships like the one it has with Grubhub. Yelp said it believes it will achieve stronger revenue half in the later half of 2019 and "mid-teens revenue growth on an compound annual growth basis from 2019 to 2023."
The company also announced three new board members. Twilio COO George Hu, Stripes Group Operating Partner and former Starbucks CMO and CPO Sharon Rothstein and serial HomeAway co-founder Brian Sharples were appointed to the board and will begin their terms on March 1. On that day, they will replace current board members Geoff Donaker, Jeremy Levine and Peter Fenton, Yelp said.