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
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
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
Bank of England Governor Mark Carney says trade war has a confidence effect on business around the worldMarketsread more
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
Check out the companies making headlines before the bell:
Exxon Mobil – The energy giant earned 73 cents per share for the second quarter, compared to a consensus estimate of 66 cents a share. The results included a 12 cents a share benefit from a tax-rate change. Revenue came in above Wall Street forecasts.
Newell Brands – The maker of Sharpie pens, Sunbeam appliances, and other consumer products reported adjusted quarterly profit of 45 cents per share, 9 cents a share above estimates. Revenue was in line with analysts' estimates. Newell also gave a current-quarter earnings forecast above the current consensus, and increased its full-year revenue outlook. Separately, Newell announced it would keep its Rubbermaid Commercial Products unit, which had been up for sale.
Restaurant Brands – The parent of Burger King, Popeyes, and Tim Hortons earned an adjusted 71 cents per share for its latest quarter, 6 cents a share above estimates. Revenue was also above forecasts, as traffic increased at Burger King and international investments begin to bear fruit.
Square – Square earned an adjusted 21 cents per share for its latest quarter, 4 cents a share above estimates. The mobile payments company's revenue also topped forecasts, however current-quarter guidance was shy of Wall Street estimates. Separately, Square announced the sale of its food ordering platform Caviar to DoorDash in a $410 million cash and stock deal.
Pinterest – Pinterest reported an adjusted quarterly loss of 6 cents per share, smaller than the 8 cents a share loss expected by Wall Street. The online scrapbook company's revenue was above estimates, and Pinterest reported an increase in monthly active users.
GoPro – GoPro fell a penny a share short of estimates, with adjusted quarterly profit of 3 cents per share. The high definition camera maker's revenue was also shy of analysts' forecasts. GoPro raised its outlook for the second half of the year, and also reported a 15% jump in subscription services revenue.
Etsy – Etsy beat consensus forecasts by 1 cent a share, with quarterly profit of 14 cents per share. The online crafts marketplace operator's revenue missed estimates. Etsy increased its revenue guidance for the year, however, despite the second-quarter shortfall.
Cloudera – Cloudera shares are jumping after investor Carl Icahn disclosed a 12.6% stake in the cloud software company. Icahn plans to push for changes and possibly seek board representation.
NetApp – NetApp shares are under pressure after the data storage company warned that current-quarter sales and profit will come in below Street forecasts. The company said it remained confident in its long-term strategy and its business model.
Aphria – Aphria reported a surprise fiscal fourth-quarter profit, and the Canada-based cannabis producer also reported revenue that surpassed analysts' estimates.
Toyota – Toyota cut its full-year profit forecast by about 6%, expecting a stronger yen to weigh on its bottom line. That comes after the automaker posted an 8.7% increase in operating profit for the April through June quarter to the highest level in nearly 4 years.
Herbalife Nutrition – Herbalife reported adjusted quarterly profit of 70 cents per share, falling 7 cents a share short of consensus forecasts. The nutritional products company's revenue was also short of estimates, and also gave a full-year forecast below current Wall Street projections.