(Bloomberg) -- European stocks tumbled into a correction on Friday as China retaliated against US tariffs, escalating the global trade war.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 EuropeThe Stoxx Europe 600 Index slid 5.1% at the close in
MicroStrategy never sold a single Bitcoin — even during market crashes
MicroStrategy has held every Bitcoin it has ever bought, including during major market crashes and a recent price dip to $83,000. On-chain data reveals zero sales since 2020.
Mining Stocks Show Cracks Amid Worries Tariffs Could Impact Metals Demand
Mining stocks tumbled Friday amid worries the Trump administration’s tariffs could impact demand for raw materials.
Powell says tariffs will spur inflation, slow growth; Fed on hold
Policymakers in coming months may face difficulty meeting their dual mandate to ensure stable prices and maximum employment, Federal Reserve Chair Jerome Powell said.
Top Stock Movers Now: Boeing, DuPont, Tesla, and More
U.S. equities plunged again on trade war fears as China retaliated against U.S. tariffs.
Trump says 'perfect time' for Powell to cut rates as markets plummet after shocking tariff announcements
President Trump said in a social media post that his policies "will never change" as stocks continued to tank on his recent tariff escalation.
Gold-Backed Cryptocurrencies Retreat From All-Time Highs Amid Stock-Market Rout
The precious metal initially rallied after Trump unveiled reciprocal tariffs, but has since joined the wider market sell-off.
Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth
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.
Bitcoin unfazed as U.S. employment data is positive despite DOGE’s job cuts
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.
Sweden's Klarna pauses US IPO plans as tariffs roil markets, sources say
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.