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
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
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Aug 1 (Reuters) - Federal banking regulators had inspected Amazon.com Inc's Virginia facility earlier in April, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
The visit by Federal Reserve examiners was made around the same time as, prosecutors alleged, a woman in Seattle was trying to access a Capital One Financial Corp database stored on Amazon's cloud server, the Journal reported https://on.wsj.com/334v73h.
The authorities examined Amazon's resiliency and backup systems and described their visit as the first in their ongoing oversight of the company, the report added.
Several U.S. lawmakers had previously called for oversight of big tech companies such as Amazon, expressing a growing concern about the size of the largest tech firms and their market power.
The authorities were allowed to review some documents on Amazon laptops but were not allowed to take anything with them, according to the report, which added that Fed officials were not aware of the Capital One data breach under way at the time.
Amazon did not immediately respond to a request for comment on Thursday.
Capital One said earlier this week that 106 million people who had applied for credit cards in the United States and Canada had their personal data exposed.
The breach, which occurred between March 12 and July 17, stemmed from Capital One's decision to store data in Amazon's cloud unit, called Amazon Web Services (AWS), where a former employee named Paige Thompson managed to access its data.
She was charged with computer fraud by federal prosecutors in Seattle.
(Reporting by Kanishka Singh in Bengaluru; Editing by Richard Chang)