The VIX, known as the stock market's fear gauge, has soared in recent days. Stocks crumbled again on Friday after the worst loss since 2020.

President Trump’s mad trade war is all about goods, but financial services are also suffering from the White House’s arbitrary global tariffs. Bank stocks sold off harder than the wider S&P 500 index on Thursday,

Global stock markets plummeted further on Friday after China said it would strike back at U.S. President Donald Trump with additional tariffs of 34% on U.S. goods, escalating a trade war that has rattled investors and fed fears of a coming recession.

Buckle up, because the markets are crashing, the economists are screaming, and the elephant seals are very confused.

Trump announced sweeping tariffs on U.S. trading partners sparking fears of a global trade war. He said it is necessary to make it fair for American manufacturers and return jobs to America. However, experts have said his plan could have a massive negative impact on the economy.

Is the world's biggest streaming platform more exposed to the U.S. trade war? One Wall Street analyst has been pondering this question repeatedly in recent weeks.

While the new tariffs open the door to negotiations, they also assure that the U.S.’ effective rate will be in flux for weeks or more to come.

China announced early Friday that it will impose a 34% tariff on imports of all U.S. products beginning April 10, part of a flurry of retaliatory measures following Trump’s “Liberation Day” slate of double-digit tariffs.

Apple’s costs are about to go way up thanks to tariffs. The biggest question facing the world’s most valuable company now is whether to make customers pay for it—or investors. It’s a question with no easy answers—as evidenced by Apple’s share-price wipeout Thursday.