Surprising China news sends Bitcoin reeling to $84K
Bitcoin hits $84K as U.S.-China trade war deepens and pro-crypto policies spark fresh institutional and state-level interest.
Lower oil prices could sink Ecopetrol's full-year profits by $2.8 billion, president warns
Lower oil prices could reduce Colombian state-run oil firm Ecopetrol's profits by up to 12 trillion pesos ($2.76 billion) this year, the company's president warned on Friday. Ecopetrol may also have to scrap production at some fields and focus on those with lower costs, president Ricardo Roa told journalists on the sidelines of an industry event. Crude oil prices were headed for their second-consecutive weekly loss on Friday, with Brent futures at $63.45 a barrel, on concerns of an intensifying trade war between the United States and China.
JPMorgan CEO Jamie Dimon warns the economy faces 'considerable turbulence'
JPMorgan CEO Jamie Dimon said the US economy faces several crosswinds as the banking giant posted strong growth in revenue and profits last quarter.
Oil Rebounds at End of Losing Week as Trade War Roils Markets
(Bloomberg) -- Oil rebounded on Friday, but still notched its second straight weekly decline as the escalating trade war between the world’s two largest economies drove wild volatility. Most Read from BloombergThe Secret Formula for Faster TrainsIn Chicago, a Former Steel Mill Looks to Make a Quantum LeapMidtown Office Building Evacuated on Concerns of Wall CollapseNYC Tourist Helicopter Crashes in Hudson River, Killing SixEven Oslo Has an Air Quality ProblemWest Texas Intermediate futures advan
Broadening asset volatility intensifies worries for tariff-tossed US stocks
NEW YORK (Reuters) -Wild swings in global markets are poised to keep U.S. stock investors on edge in the coming week, as a weakening dollar and a selloff in Treasuries compound extreme equity volatility that erupted after President Donald Trump launched his sweeping tariffs. The S&P 500 was set for solid gains on the week after Trump pulled back on the heftiest tariffs on many countries, relieving Wall Street's worst-case scenario. Concerns about lasting economic damage remained as the U.S. and China ratcheted up their trade battle and questions lingered over levies elsewhere as Trump only paused many of the most severe tariffs.
Will Inflation-Weary Consumers Make The Fed’s Job Harder?
The Michigan Consumer Sentiment Index fell for the fourth consecutive month in April as worries about President Donald Trump’s tariff policies have raised inflation expectations to their highest levels since 1981.
It may be weeks before we learn which politicians cashed in on Trump's tariff-driven stock market dip
Democrats are raising alarms about potential insider trading. There's no evidence yet, but lawmakers and Trump advisors have to disclose by mid-May.
Why Bitcoin, Ethereum, and Dogecoin Rallied on Friday
The crypto market seems to think so, with Bitcoin (CRYPTO: BTC) up 5.2% over the past 24 hours as of 1 p.m. ET, Ethereum (CRYPTO: ETH) up 4.6%, and Dogecoin (CRYPTO: DOGE) rising 5.3%. The stock market has gained as well on what seems to be hope that rising bond yields and a falling dollar will lead to the Trump administration finding a path away from the trade war that's currently unfolding. Investors are taking a "risk on" mentality going into the weekend, which often happens when news of trade talks or deals takes place while the market is closed.
U.S. SEC's Crypto Trading Roundtable Delves Into Easing Path for Platforms
Interim SEC Chairman Mark Uyeda hints at interest in a short-term solution for overseeing crypto firms while the agency contemplates permanent rules.
Crypto’s Momentum in Washington Just Getting Started, says BitGo CEO
White House Crypto Summit attendee and BitGo CEO Mike Belshe is still bullish on crypto in 2025