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 lower on Thursday as traders reacted to comments from the chair of the Federal Reserve, a Bank of England monetary policy statement, corporate earnings and disappointing data from the euro zone.
The pan-European Euro Stoxx 600 Index ended the session 0.6% lower. All major bourses and most sectors were in negative territory at the closing bell.
Both the U.K.'s FTSE index and sterling were trading lower on Thursday afternoon, as the Bank of England held interest rates steady following the extension of the deadline for the U.K.'s withdrawal from the EU.
Looking at individual stocks, Volkswagen reported first-quarter earnings in line with expectations on Thursday, as the automaker attempts to increase the pace of its transformation. Shares closed almost 4% higher.
Chipmaker AMS was at the top of the European benchmark, after the Apple supplier reported an upbeat outlook for the second quarter. Shares of the Austrian group gained more than 10% during Thursday's trading session.
Elsewhere, BNP Paribas reported a net income of 1.92 billion euros ($2.15 billion) for the first quarter, a jump of 22% from the same period the year before. Shares were up 1.2%.
ING, the largest Dutch financial group, reported a slight drop in first-quarter underlying net profit of 1.12 billion euros ($1.26 billion), narrowly missing analyst expectations of 1.15 billion euros in a Reuters poll. Shares were slightly lower at the end of the session.
Aside from earnings, investors were digesting news from the Federal Reserve. Chairman Jerome Powell said in a news conference Wednesday that recently low inflationary pressures may only be "transitory," dashing speculation the central bank was at least entertaining the idea of a rate cut because of tame inflation.
On the data front, factory activity in the euro zone contracted for a third month in April, according to IHS Markit, hit by weak global demand and rising trade protectionism, as well prolonged Brexit uncertainties.