Good afternoon.
Markets fall, the stock market is having a rough April, and the Bitcoin halving is this week.
Let's dive in.
Markets
Here are today's market moves:
What's Happening
U.S. stocks fell after Fed Chair Powell warned that rate cuts will come later than expected.
The stock market is having a rough month, with the S&P 500 down 3.86%:
Why markets are falling: Inflation has been hotter-than-expected this year, weakening the case for rate cuts.
The crypto market slipped this month, with Bitcoin down 10%. The Bitcoin halving is expected this week.
Catch Up
Tesla is laying off more than 10% of its global workforce.
Fed Chair Powell says there's been a "lack of progress" on inflation this year.
The price of gold has soared to a record high this month.