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
Windmills are bringing some of the cheapest electricity to the Permian Basin, pushing natural gas prices into the negative, Pioneer Natural Resources CEO Scott Sheffield told CNBC Thursday.
In order to address challenges in natural gas, Sheffield said the company will need to add as many as five additional natural gas lines to its operations in the southwestern basin.
Pioneer has about six crude oil lines that run from the Permian to the Gulf Coast, he said. The company only has one pipeline for natural gas there, he added.
"What's gonna solve our natural gas industry is get more [liquefied natural gas] projects," said Sheffield, who returned to lead the company after Tim Dove retired in February. "We need to ship it out, just like we are crude oil; just like we are propane, butane [and] ethane end products."
Liquefied natural gas, or LNG, is natural gas that has been cooled for shipping and storage purposes.
Shares of Pioneer Natural Resources slipped nearly 1.5% Thursday. The stock price is up almost 10% in 2019, but down more than 26% in the past 12 months.