"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Epstein, 66, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in early July as he stepped off his private plane at an airport in...Politicsread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
Yields slipped after Powell said the central bank will continue to act as appropriate to sustain the economic expansion.Bondsread more
Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them to find alternatives to their Chinese operations.Marketsread more
NEW YORK, Aug 12 (Reuters) - U.S. stocks dropped more than 1% on Monday in a broad sell-off as simmering geopolitical tensions spooked equity investors and drove a bond market rally while the protracted U.S.-China trade war stoked fears of an impending recession.
Based on the latest available data, the Dow Jones Industrial Average fell 399 points, or 1.52%, to 25,888.44, the S&P 500 lost 36.39 points, or 1.25%, to 2,882.26 and the Nasdaq Composite dropped 95.73 points, or 1.2%, to 7,863.41. (Reporting by Caroline Valetkevitch; editing by Jonathan Oatis)