"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
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Yields slipped after Powell said that the central bank will continue to act as appropriate to sustain the economic expansion.Bondsread 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
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them to find alternatives to their Chinese operations.Marketsread more
Semiconductor stocks and shares of Apple slid on Friday after President Donald Trump said U.S. companies should "immediately start looking for an alternative" to their...Technologyread more
The two American car companies are among the top exporters of U.S.-produced vehicles to China along with BMW and Daimler/Mercedes-Benz, according to industry data obtained by...Autosread more
Powell repeats his pledge to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
These are the stocks posting the largest moves in midday trading.Market Insiderread more
shipping bottleneck@ (Adds details on response to spill, background on spill)
HOUSTON, March 25 (Reuters) - The backlog of vessels waiting to move through the Houston Ship Channel grew on Monday while it remained closed to traffic for a third day as emergency workers attempted to clear a petrochemical spill from the Intercontinental Terminals Co (ITC) storage facility in Deer Park, Texas, the U.S. Coast Guard said on Monday.
Thirty-one vessels waited to enter the busiest U.S. oil port on Monday, while another 31 waited to leave, up from 26, respectively, on Sunday morning. The seven-mile (11-km) section of the Houston Ship Channel from Light 116 to Tucker's Bayou remained closed, said Coast Guard Vessel Tracking Service Watch Supervisor Ashley Dumont.
Fuels spilled after a 10-foot (3-meter) wide section of a containment barrier breached on Friday at Mitsui & Co Inc's ITC facility outside of Houston, sending fuel, water and fire suppressant foam to a waterway that connects Houston to the Gulf of Mexico.
The Coast Guard opened the San Jacinto River to allow two-way vessel traffic for three hours until 12 p.m. CDT (1700 GMT)on Monday. The Texas Commission on Environmental Quality continued to assess the contamination levels in the channel. The Coast Guard did not have a timeline to reopen the port, Dumont said. (Reporting by Collin Eaton in Houston Editing by Chizu Nomiyama and Marguerita Choy)