CoinDesk Weekly Recap: Crypto Emerges From the Tariff War
Plus: Paul Atkins was confirmed and ETH ETF options were approved.
Stocks jump at end of roller-coaster week while de-dollarization trade continues to slam the greenback and U.S. bonds
Elsewhere in financial markets, the mood was gloomier and pointed to deteriorating confidence in U.S. assets.
American Express Stock Gets an Upgrade on View It Would be Resilient in a Recession
Analysts from Bank of America on Friday upgraded American Express stock to a "buy" rating, saying the credit card provider should be resilient through a potential downturn or recession.
Texas Instruments (TXN) Stock Trades Down, Here Is Why
Shares of analog chip manufacturer Texas Instruments (NASDAQ:TXN) fell 8.3% in the morning session after China Semiconductor Industry Association issued an emergency directive detailing new methods for verifying the origin of imported chips. According to reports, the location of the wafer fabrication plant would define the origin of imports when tariffs are applied. This meant that companies with manufacturing facilities in the US might be severely affected by the escalating US-China trade tensi
Why Fastenal (FAST) Stock Is Up Today
Shares of industrial supplier Fastenal (NASDAQ:FAST) jumped 7% in the afternoon session after the company reported strong first quarter 2025 results which blew past analysts' sales volume expectations. Sales, EBITDA, and EPS were also in line with expectations, which showed the company was executing as expected. Sales growth continued to improve despite broader business activity remaining soft, helped by a bigger base of customers spending more each month. Overall, we think this was a decent qua
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.