Stocks dropped after Donald Trump ordered that U.S. companies find alternatives to their operations in China.US Marketsread more
Trump said he was ordering "our great American companies" to "immediately start looking for an alternative to China, including bringing your companies HOME and making your...Politicsread more
President Donald Trump on Friday again ripped into Federal Reserve Chairman Jerome Powell, comparing him to Chinese President Xi Jinping.Politicsread 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
China says the new tariffs will begin Sept. 1 and Dec. 15. That's when President Trump's latest tariffs on Chinese goods are to take effect.Marketsread more
The Koch brothers financed one of the most influential political networks in the modern era. The sprawling political empire includes conservative and libertarian nonprofits...Politicsread more
On Tuesday, Walmart filed suit against Tesla alleging its solar panels had caused fires in seven of its stores.Technologyread more
Amazon shows numerous listings for toys and medications that lack the proper health risks to children, as well as sleeping mats previously banned by the FDA, according to a...Technologyread more
The recession obsession has captivated Wall Street, and experts are seeking stocks that can shield investors from the potential pain.Trading Nationread more
Google on Friday released a new set of community guidelines that are meant to crack down on what employees can say inside the company.Technologyread more
The idea came up as the White House brainstorms on ways to avoid a preelection economic slowdown, The Washington Post reports.US Economyread more
President Donald Trump criticized the Federal Reserve for raising interest rates, claiming that economic growth in the U.S. would have been higher than 3% and the stock market would be 7,000 to 10,000 points higher.
"But they wanted to raise interest rates," Trump said, according to CNN. "You'll explain that to me."
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday. The president has made similar claims in the past.
The Fed raised rates four times in 2018, but pivoted after markets fell late last year. The central bank held rates steady at its March meeting and minutes released last week showed it does not expect any hikes "for some time."
Trump has repeatedly criticized the Fed for raising rates, singling out Chairman Jerome Powell for criticism. In April, the president called for the central bank to lower rates by one percentage point and to implement more quantitative easing.
After a strong start to 2019, the stock market has become volatile after U.S.-China trade talks collapsed and Trump escalated the trade war with Beijing.
Trump has increased tariffs on $200 billion worth of Chinese goods, threatened to slap tariffs on all remaining Chinese imports to the U.S. and has blacklisted key Chinese tech company Huawei.
Though the Dow closed up 95.22 points at 25,585.69 on Friday, it was still down 0.7% for the week. That marks the Dow's fifth consecutive weekly decline, its longest streak since 2011.
And J.P Morgan economists, meanwhile, have slashed their second-quarter growth forecasts to just 1% amid uncertainty over the outcome of the trade war. That forecast is down from the bank's previous expectation of 2.25% and nowhere near the 3.2% growth reported in the first quarter.