The total value locked (TVL) in decentralized finance (DeFi) has experienced a significant decline, falling over 30% since its peak in December 2022.
Wall Street hunts for cheap tariff-proof stocks after the carnage
The hunt for cheap stocks begins.
US labor market shows resilience before trade tensions escalation
WASHINGTON (Reuters) -The U.S. economy added far more jobs than expected in March, but President Donald Trump's sweeping import tariffs could test the labor market's resilience in the months ahead amid sagging business confidence and a stock market selloff. The Labor Department's closely watched employment report on Friday suggested steady momentum in the economy before the Trump administration's reciprocal duties announced this week, which unleashed threats of retaliation and rattled global financial markets. "This is a drop of good news in a sea of uncertainty, a footnote given the barrage of activities this week," said Olu Sonola, head of U.S. economic research at Fitch Ratings.
Tech, bank stocks tumble as China's retaliation stokes fears of widening trade war
China slapped additional duties of 34% on U.S. goods, set to go into effect April 10. U.S. President Donald Trump on Wednesday announced 34% duties on imports from China along with a 10% baseline tariff on most goods flowing into the U.S., triggering a massive market meltdown on Thursday. Shares of Tesla and Apple - among companies with a large exposure to China - were down 8% and 4%, respectively.
Wall Street's biggest tech bull warns of $3,500 iPhones as 'economic Armageddon' looms from Trump tariffs
Trump's tariff announcement continues to shake markets and is leading to shocking estimates from some analysts on how the price of goods might change for US consumers.
‘There will be blood’: JPMorgan raises recession risk to 60% as global stock market sell off continues
Trump's tariff increase could cost U.S. households $700 billion, the largest de facto tax hike since LBJ needed to finance the war in Vietnam.
5 Things to Know Before the Stock Market Opens
News of the day for April 4, 2025
Wall Street Turns Icy on US Stocks as Tariffs Hit Markets Hard
(Bloomberg) -- Wall Street forecasters are turning ice cold on US equities, telling investors to refrain from buying the selloff as President Donald Trump’s historic trade war raises the specter of recession.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 WorkersLondon Clears Final Hurdle for More High-Speed Trains to EuropeWhat Would ‘Transportation Abun
Bitcoin Holders Double Down in Early April as Value Buyers Step In, Veterans Hold Firm
Short-term value buyers emerge while long-term holders show growing conviction despite market volatility.
OSL rolls out crypto wealth platform in Hong Kong
The platform combines OTC trading, crypto exchange, custody, and prime brokerage into a unified service for digital asset investors.