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
Check out the companies making headlines after the bell:
Shares of Walt Disney fell more than 4% in after-hours trading after the entertainment giant's third-quarter earnings missed Wall Street's estimates. Disney reported adjusted earnings of $1.35 per share on revenue of $20.25 billion, below the earnings per share of $1.75 on revenue of $21.47 billion analysts polled by Refinitiv had been expecting. The company blamed the miss on the ongoing integration of Fox's entertainment assets, which it acquired in a $71 billion deal. On an earnings call, the company said Disney is now bundling its three streaming services: Disney+, ESPN+ and ad-supported Hulu, which will cost users $12.99 a month.
Hertz climbed 6.4% following the release of the car rental company's higher-than-expected second-quarter earnings. The company reported adjusted earnings per share of 74 cents on revenue of $2.51 billion. Analysts had expected earnings per share of 37 cents on revenue of $2.48 billion, according to Refinitiv. Kathryn Marinello, Hertz's CEO, said the results came from "quality top-line growth, productivity improvements and effective fleet management."
Shares of Match soared more than 18% after the owner of online dating applications beat Wall Street's expectations with its second-quarter earnings, driven by Tinder. Match reported earnings per share of 43 cents on revenue of $498 million, topping the earnings per share of 40 cents on revenue of $489 million analysts had been estimating. Tinder reported 5.2 million average subscribers in the quarter, up from 1.5 million last year.
Microchip Technology rose 3.2% after the semiconductor company reported mixed earnings for its first quarter. The company reported adjusted earnings per share of $1.41 on revenue of $1.32 billion, versus the earnings per share of $1.37 on revenue of $1.33 billion analysts polled by Refinitiv had been expecting.
Shares of Weight Watchers surged 15% after the provider of weight management services beat Wall Street's expectations for its second-quarter earnings and raised its 2019 earnings outlook. The company reported earnings per share of 78 cents on revenue of $369 million, versus the earnings per share of 64 cents on revenue of $376 million analysts surveyed by Refinitiv had been expecting. Weight Watchers also raised its full-year adjusted earnings forecast to a range of $1.55 to $1.70 per share versus the $1.52 per share analysts were expecting. The company had 4.6 million total members, topping the 4.5 million members in the year-ago quarter.