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U.S. equities plunged again on trade war fears as China retaliated against U.S. tariffs.

President Trump said in a social media post that his policies "will never change" as stocks continued to tank on his recent tariff escalation.

The precious metal initially rallied after Trump unveiled reciprocal tariffs, but has since joined the wider market sell-off.

The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth for the U.S. economy, Federal Reserve Chair Jerome Powell said Friday. Powell said that the tariffs, and their likely impacts on the economy and inflation, are “significantly larger than expected.” “Our obligation is to ... make certain that a one-time increase in the price level does not become an ongoing inflation problem,” Powell said in remarks delivered to a conference of the Society for Advancing Business Editing and Writing.

In March, the U.S. added 228,000 jobs even as Elon Musk's DOGE slashed 4,000 jobs in the federal government sector. Bitcoin didn't react strongly to the data.

The decision would complicate an uneven recovery for the U.S. IPO market, as the company's listing was seen as a potential catalyst for encouraging others to follow. Klarna could reassess its plans if market conditions stabilize, the people said. While hopes of a recovery were high in 2025, some of the new entrants to the IPO market have seen muted receptions.

(Bloomberg) -- Coffee futures fell for a third day as the market digested a wave of US tariffs against the world’s top producers.Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLocal Governments Vie for Fired Federal WorkersWhat Would ‘Transportation Abundance’ Look Like?London Clears Final Hurdle for More High-Speed Trains to EuropePrices have slumped, following the broader commodity index low

The US economy added a stronger-than-expected 228,000 jobs in March, a significant increase from February’s revised gains of 117,000, according to Bureau of Labor Statistics data released Friday.

U.S. President Donald Trump on Friday called on Federal Reserve Chairman Jerome Powell to cut interest rates, saying it was the "perfect time" to do so. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS! Trump said on Truth Social.

US stock futures slipped after President Trump's broad reciprocal tariffs sent markets into a tailspin.