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A number of stocks fell in the afternoon session after stocks gave back some of the gains from the previous day as the White House clarified the tariffs on imports from China would add up to 145%, while the baseline 10% tariffs remained in place for all countries. This reminded markets that the global trade environment remained volatile, limiting the potential for sustained gains.

Stocks sank and demand for 'safe-haven' assets exploded - gold leaped 3% to a new high and the Swiss franc had one of its best days ever. Maybe U.S. President Donald Trump's tariff truce on Wednesday wasn't as conciliatory as it first seemed. Global investors hunker down for volatility even astariff pause is welcomed 3.

With the investment led by Fulgur Ventures and Framework, the firm plans to scale its bitcoin-denominated life insurance and annuity products designed to combat inflation risk.

Stock markets plunged again on Thursday as the White House confirmed China will be hit with 145 per cent tariffs.

So, what happens now that President Donald Trump has art-of-the-dealed his way out of his own centerpiece economic initiative because it nearly broke financial markets?

NEW YORK (Reuters) -Federal Reserve Bank of Boston President Susan Collins said Thursday that large trade tariffs now being pursued by the Trump administration will almost certainly drive inflation higher and depress growth, at least in the near term. Such an environment presents challenging trade-offs for the central bank on interest rate policy, as it seeks to balance out keeping price pressures steady while buoying the job market, Collins said in the text of a speech prepared for delivery before an event at Georgetown University in Washington. “I see monetary policy as well positioned to address a wide range of potential economic outcomes in this highly uncertain environment,” Collins said.

Winning the White House was supposed to transform the crypto sector, but for much of this year, it hasn’t paid off for long-term holders of leading cryptocurrencies.