News

Arthur Hayes predicts BTC could reach $250,000 by 2025 if the Fed shifts to quantitative easing, increasing fiat supply.

President Donald Trump offered a rosy assessment after the stock market dropped sharply Thursday over his tariffs, saying, “I think it's going very well.” “The markets are going to boom, the stock is going to boom, the country is going to boom,” he said when asked about the market as he left the White House to fly to one of his Florida golf clubs. The Dow Jones Industrial Average dropped more than 1,600 points on Thursday as U.S. stocks led a worldwide selloff after the Republican president's announcement of tariffs against much of the world ignited a shock like none seen since the COVID-19 pandemic.

U.S. employers added a surprising 228,000 jobs last month, showing that the American labor market was in solid shape as President Donald Trump embarked on a risky trade war with the rest of the world. The unemployment rate ticked up to 4.2%. The hiring numbers were up from 117,000 in February and were nearly double the 130,000 that economists had expected.

Fast food restaurants have been mostly spared from the impact of Trump's tariffs.

(Reuters) -Marketing platform AppLovin said on Thursday it has submitted a bid for TikTok assets outside of China, ahead of the April 5 deadline set by the U.S. President Donald Trump to find a non-Chinese buyer for the short video app used by 170 million Americans. AppLovin said in a regulatory filing that its proposal for TikTok is preliminary and there can be no assurance that a transaction will proceed. Bidders for the short video social media company are piling up, as the weekend deadline for TikTok to find a buyer approaches.

Kraken has secured restricted dealer registration in Canada. The crypto exchange has appointed Cynthia Del Pozo as the North America GM to lead expansion.

Stocks cratered and bond yields hit their lowest level since October as investors flee risk assets and predict a hit to economic growth.

Shares of RH plummeted Thursday on the heels of disappointing earnings results and sweeping tariffs announced by the Trump administration.

Fears of a recession intensified after President Trump unveiled his plan to impose a minimum 10% tariff on all U.S. imports, and the KBW Nasdaq Bank Index tumbled by nearly 10%.

Interparfums, Estee Lauder and Covergirl's parent company, Coty, are "defensive" investments, analysts wrote in recent note.