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NEW YORK (Reuters) -Oil prices rose less than 1% on Tuesday, helped by weakness in the dollar, although gains were capped as concerns mounted over a U.S. slowdown and the impact of tariffs on global economic growth. Oil prices, however, pared back some gains after U.S. President Donald Trump said on Tuesday he has instructed his commerce secretary to add an additional 25% tariff on all steel and aluminum imports from Canada, bringing the total tariff on those products to 50%. Trump's protectionist policies have shaken global markets, imposing and delaying tariffs on major oil suppliers Canada and Mexico, while also raising duties on China, prompting retaliatory measures.

Morgan Stanley has been one of the most bearish firms on Wall Street, and it's been proven right lately.

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Elon Musk's net worth fell by $29 billion on Monday. Tesla's stock free fall has some investors concerned about the CEO's focus.

Euro zone finance ministers are worried that the change of policy under the new U.S. administration to embrace cryptocurrencies could affect euro zone monetary sovereignty and financial stability, top officials said on Monday. Last week, U.S. President Donald Trump, who vowed to be a "crypto president" in his campaign, signed an executive order to establish a strategic reserve of cryptocurrencies by using tokens already owned by the government, in a policy pivot from the previous administration. "Policy developments in other jurisdictions can have important consequences for us here in Europe," the chairman of the ministers Paschal Donohoe told a news conference after the ministers discussed U.S. cryptocurrency developments.

The president and his economic officials have indicated they are willing to endure short-term pain to reshape America’s economy.

Tom Lee of Fundstrat forecasts that Bitcoin will bottom around the $62,000 level before turning around

Buybacks have historically been an ace in the hole for companies looking to generate stock gains during lean times.

Elon Musk said in an interview that running his businesses while working with the White House has not been easy. Tesla stock declined 15% on Monday.

Bitcoin falls below $80,000 as trade wars, recession fears heat up.