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
Norwegian Cruise Line Holdings said on Friday the Trump administration's sudden ban on cruises to Cuba would hit its 2019 profit.
Cruise operators are scrambling to adjust their itineraries after the United States said it would no longer permit visits to the Caribbean island via passenger and recreational vessels, including cruise ships and yachts.
Norwegian said on Friday it was modifying its itineraries and would offer "substantial" discounts to guests to remain on their booked cruises despite the ban.
Those expenses, along with likely cancellations, changes to reservations and the commissions to travel agents, will lower full-year 2019 adjusted earnings by about 35 cents to 45 cents per share, the company said.
Norwegian had previously forecast 2019 earnings of $5.40 to $5.50 per share, while analysts were expecting a profit of $5.48, according to IBES data from Refinitiv.
Rival Royal Caribbean Cruises said on Thursday the travel restrictions would reduce its 2019 adjusted earnings by 25 cents to 35 cents per share.
Sailings that included a Cuban port of call represented slightly more than 3% of Norwegian's remaining cruises in 2019 for its three brands.