American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead 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 European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
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
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US 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
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
Comcast is not interested in a spectrum deal from T-Mobile and Sprint if the companies merge, according to a company spokesperson. The company is also uninterested in a deal for Boost Mobile, an industry source told CNBC.
"We do not have an interest in acquiring divested spectrum from the Sprint [and] T-Mobile transaction, " the Comcast spokesperson said in a statement. Wireless spectrum is the radio frequencies that carry voice and data.
The announcement eliminates one possible buyer for the Boost Mobile brand. T-Mobile and Sprint agreed to sell the brand as part of their deal with the Federal Communications Commission to approve their $26 billion merger. The sale of Boost Mobile, which lets customers pay for mobile service at the beginning of the month without passing a credit check, would reduce the merged company's market share. The U.S. Department of Justice must still approve the deal for the merger to go through.
Reuters reported on Thursday that Amazon is interested in potentially buying Boost, citing sources familiar with the matter. Amazon would also consider buying any spectrum from the companies, Reuters reported.
Boost's founder, Peter Adderton, said in a May 23 interview on CNBC he would consider buying back the brand if the merged company gave it a good wholesale deal.
Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com.