Wall Street traded slightly lower by midday Friday, as investors adopted a wait-and-see stance ahead of a potential trade breakthrough, with high-stakes negotiations between U.S. officials—led by Treasury Secretary Scott Bessent—and Chinese authorities set to unfold over the weekend.
Billionaire investor and Shark Tank fame Mark Cuban criticized the growing popularity of memecoins and said that it undermines the “value and utility” of cryptocurrencies.
The Fed Governor explained that small businesses, being less diversified and having limited access to credit, are likely to bear the brunt of the tariff policies.
With rising recession risks, valuation concerns, and the potential for stagflation, Pimco is shifting toward safer assets like mortgages and short-term U.S. debt while eyeing global diversification.
U.S. stocks rallied Thursday after the Trump administration signed its first major trade agreement with the United Kingdom, igniting optimism about further global deals — especially with China — and lifting investor appetite for riskier assets.
In a post on his social media platform Truth Social, President Trump said the U.S.-U.K. trade deal had been struck, and several others are under serious negotiations.
