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
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
Bank of England Governor Mark Carney says trade war has a confidence effect on business around the worldMarketsread more
U.S. government debt yields pulled back on Tuesday following a marked move higher in the prior session thanks to solid manufacturing data in the U.S. and China.
Some fixed-income traders also pointed to looming Brexit concerns as a catalyst of Treasury demand.
The yield on the benchmark 10-year Treasury note fell to 2.479 percent, while the yield on the 30-year Treasury bond dipped to 2.881 percent. Bond yields move inversely to prices.
Market players digested strong manufacturing data of the U.S. and China.
U.S. factory activity expanded last month, data showed, rebounding from its lowest level since late 2016. A separate survey showed China's manufacturing activity also rebounded, expanding at its fastest pace in eight months.
The numbers cooled investor concerns over a potential global economic slowdown Monday, triggering a pivot toward riskier assets. Still, investors are still keeping a close eye on all datapoints, including the March jobs report (due out from the Labor Department on Friday) and capital goods orders.
The Commerce Department said Tuesday that new orders for key U.S.-made capital goods unexpectedly fell in February and shipments were unchanged. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, slipped 0.1 percent, dampened by softer machinery and computer demand.