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
European stocks closed mixed on Thursday, as investors kept abreast of geopolitical news taking place across the globe.
The pan-European Stoxx 600 ended the session up 0.12 percent, with sectors and major bourses in mixed territory.
Basic resources were the worst performers, down by more than 2 percent, on the back of renewed trade worries and fresh data. On Wednesday, U.S. Trade Representative Robert Lighthizer stated in front of the House Ways and Means committee that he foresaw long-term hurdles ahead.
On Thursday morning, Chinese factory activity numbers dropped to a three-year low in February — raising fears about economic activity in the world's second-largest economy.
In earnings news, Adecco dropped 3 percent after reporting its fourth-quarter results. Zalando rose to the top of the index, up 23 percent, after announcing that it expects solid growth this year. The French retailer Carrefour also jumped 2.5 percent after increasing its savings goals.
Elsewhere, Rolls-Royce shares were down by almost 3 percent after the company posted a £2.9 billion loss for 2018. The engineering giant's loss came as it increased the charge for fixing problems with its Trent 1000 engines. On Thursday Rolls-Royce also announced it would back out of the race to power Boeing's new jet.
British Airways owner IAG said on Thursday it expected earnings for this year to be flat as it posted its 2018 results, which were in line with expectations and showed growth in operating profit. Shares were 0.2 percent lower at the closing bell.
Meanwhile, a summit between Trump and North Korean leader Kim Jong Un in Vietnam was cut short after the latter asked for an end to sanctions. The two nations have worked towards stronger relations and the denuclearization of the Korean Peninsula.
U.S. stocks edged lower on Thursday following the summit's abrupt end, with a handful of weak corporate earnings reports also weighing on sentiment.