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
Cord cutting is on the rise in the U.S. and the trend isn't about to change, according to eMarketer.
The market research company reported Tuesday that nearly 25% of households will ditch traditional television by 2022.
"As programming costs continue to rise, cable, satellite and telco operators are finding it difficult to turn a profit on some TV subscriptions," Eric Haggstrom, an eMarketer forecasting analyst, said. "Their answer has been to raise prices across the board, and it seems that they are willing to lose customers rather than retain them with unprofitable deals."
This year, around 19% of households have cut the cord with cable. Alternatives like Netflix, Hulu and Amazon Prime, which offer vasts amount of content for far less than cable subscriptions are a huge reason for the decline.
"As viewing time and the number of TV households drop, networks will have to sell ads at higher prices to account for lost viewership," Haggstrom said. "This will become increasingly difficult to do over time. As a result, traditional TV networks such as Disney and NBCU are bulking up their direct-to-consumer digital offerings in order to regain lost viewers."
However, it's not all bad news for TV providers. Haggstrom noted these companies also offer broadband internet, usually as part of a bundled deal. Without a cable bundle, these companies can charge customers a higher price for internet and improve their own profit margins.
Disclosure: Comcast is the parent company of NBCUniversal and CNBC.