Fed's Powell said the economy is in "good place," and officials must keep inflation controlled. His remarks suggest the possibility of fewer rate cuts

Markets reeled from worries about the trade war, overshadowing some good news about the U.S. labor market. President Trump insisted that his policies were working.

Overseas markets also slid Friday. In overnight trading in Asia, Tokyo's Nikkei 225 lost 2.8%, while South Korea's Kospi sank 0.9%. Markets in Shanghai, Taiwan, Hong Kong and Indonesia were closed for holidays, limiting the scope of Friday's sell-offs in Asia.

StubHub, which filed for an IPO in March, decided to delay a meeting scheduled next week with prospective investors after the S&P 500 dropped by nearly 5% on Thursday, and the company was concerned about launching an IPO while the U.S. markets were volatile, the Journal reported.

Stocks are down after President Donald Trump announced new tariffs. How should workers saving up for retirement react to the dip?

Economists told Newsweek it could take years or decades for Americans to know if Trump's tariffs achieved their goals—if they ever do.

President Donald Trump says his trade policies will never change despite sending the global economy into a tailspin by announcing tariffs on foreign imports.

Stock markets worldwide are careening even lower after China matched President Trump's big raise in tariffs in an escalating trade war.

U.S. financial markets responded with significant losses after President Donald Trump unveiled his tariff plans.