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Shares of Block plunged nearly 25% Friday, a day after the payments technology provider posted worse-than-expected results and guidance as it warned about economic conditions ahead.

Shell shares climbed Friday after the energy giant posted stronger-than-expected quarterly results and announced a $3.5 billion share buyback program.

President Donald Trump on Friday said the U.S. economy is in a transition stage, citing strong employment and his tariff plan while reiterating his call for the U.S. Federal Reserve to lower its interest rate. "We're only in a transition stage, just getting started!" he said in a Truth Social post.

(Reuters) -Federal Reserve policymakers on the alert for possible cracks in the labor market as businesses adjust to President Donald Trump's erratic trade policy got some reassurance on Friday that so far there's little weakness, and no reason to rush on rate cuts. U.S. employers added a more-than-expected 177,000 jobs in April, the Labor Department reported, and the unemployment rate was unchanged at 4.2%. Both are signs the labor market remains in balance during a month when Trump announced the steepest tariffs in a century, sending stocks downward and convulsing the bond market before the administration paused many of those levies until July.

LONDON (Reuters) -Britain is to restrict consumers' use of credit cards to buy crypto and their access to crypto lending products, the regulator said on Friday, a move aimed at improving protection as cryptoassets are regulated for the first time. The finance ministry this week said it would bring cryptocurrencies under compulsory regulation, with exchanges, dealers and issuers all coming under the existing rulebook. Crypto trading has exploded in popularity, with around 7 million people - about 12% of the adult population - owning cryptoassets, but it remains largely unregulated, the Financial Conduct Authority (FCA) said.

The job market stayed resilient in April despite the uncertainty created by President Donald Trump's tariffs.

Shares of Reddit jumped in premarket trading Friday, a day after the social media company reported better first-quarter results than expected and issued a strong outlook.