American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead 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
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
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US 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
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
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Facebook shares were upgraded to buy from neutral by Nomura Instinet on Monday, citing a faster-than-expected transition by consumers to the social media company's Stories format and its new focus on messaging.
The firm also raised its price target on Facebook to $215 from $172. The stock was up 2.5 percent Monday at $173.89.
"We based our downgrade of FB shares to Neutral last year on our view that the transition to Stories would take more time than bulls expected. However, as we heard at industry events earlier this year and in our own conversations, the transition appears to be occurring more quickly than we expected, lessening our concern," analyst Mark Kelley said in a note.
"Mark Zuckerberg's recent blog post also suggested that engagement could improve as the company looks to focus on encrypted and ephemeral messaging across properties, in addition to the current core functionality," Kelley added.
Facebook shares have roared back by 29 percent in 2019, yet are still down more than 8 percent for the last 12 months as investors question whether the company will face increased regulation that will hurt growth because of privacy concerns.
The Instinet analyst thinks increased regulation will be a "net positive for large platforms like" Facebook over the long term but it could continue to weigh on the stock in the short term.
— With reporting by CNBC's Michael Bloom