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 prices rose on Thursday as investors sought safety following disappointing retail sales data.
The 10-year Treasury note yield fell to 2.64 percent, while the 2-year rate dropped to 2.489 percent. Bond yields move inversely to prices.
Retail sales fell 1.2 percent in December, marking their biggest monthly drop since September 2009, according to The Commerce Department. The department also said retail sales fell 0.9 percent in December when excluding gasoline station sales.
Equities fell on the back of the report as well, with investors worried once again about the prospects of slower economic growth.
"The bottom line on this data release is that it is truly dreadful pretty much across the board," Ward McCarthy, chief financial economist at Jefferies, said in a note. "Taken literally, this data release would indicate that the consumer sector collapsed in December. This release is such an outlier and so incongruous with the general trend in consumer spending, holiday consumer sales reports and holiday seasons consumer credit data that it does raise suspicions of data reliability."
"In the context of the government shutdown and delayed data collection, we still think that some suspicion is warranted," McCarthy said.
The data were enough to offset positive sentiment around U.S.-China trade talks. President Donald Trump said Wednesday that talks were "going very well" as both sides look to reach an agreement before early March.