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WASHINGTON (Reuters) -President Donald Trump's new tariffs are "larger than expected" and the economic fallout including higher inflation and slower growth likely will be as well, Federal Reserve Chair Jerome Powell said on Friday in remarks that pointed to the potentially difficult set of decisions ahead for the central bank. "We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation," undermining both of the Fed's mandates of 2% inflation and maximum employment, Powell said in prepared remarks for a business journalists' conference in Arlington, Virginia. Powell spoke as global markets continued a swoon that has wiped some 10% off major U.S. stock indexes since Trump announced a raft of new tariffs on Wednesday.

Money market account rates vary widely. So which banks are offering the best money market account rates today? Find out here.

As the biggest and most popular cryptocurrency, it's a surprise to nobody that Bitcoin (CRYPTO: BTC) is subjected to all sorts of different trends, pressures, risks, and influences. Historically, Bitcoin has been criticized for its mining process. Mining requires a lot of computing power, which means that it requires a lot of energy.

As a Bitcoin (CRYPTO: BTC) investor, it can be confusing to make sense of all the information out there. A lot of very smart people on Wall Street think that Bitcoin is going to hit a price of $1 million by the year 2030. Cathie Wood of Ark Invest, for example, recently doubled down on her prediction that Bitcoin is going to hit $1.5 million within the next five years.

XRP (CRYPTO: XRP) and Bitcoin (CRYPTO: BTC) are proven cryptocurrencies that aren't going to go to zero. Bitcoin and XRP are valuable for different reasons, and the differences matter even more than usual for portfolios that are meant to be safer than average. XRP is valuable because it's a financial technology that's in active use and development.

What a brutal six months it’s been for Magnachip. The stock has dropped 33.4% and now trades at $3.13, rattling many shareholders. This might have investors contemplating their next move.

Starbucks has followed the market’s trajectory closely. The stock is down 8.8% to $88.10 per share over the past six months while the S&P 500 has lost 6.9%. This might have investors contemplating their next move.