Good evening.
Stocks and crypto slide, earnings season begins next week, and global food prices climb to a record.
Let's dive in.
Markets
What Happened?
U.S. stocks finished the week with losses amid uncertainty about Fed policy and the war in Ukraine.
Federal Reserve officials warned this week that they're prepared to slow down the economy to control inflation.
Investors fear that if the Fed moves too quickly to raise rates, a U.S. recession could follow.
Q1 earnings season. The second earnings season of the year starts next week, kicking off with reports from five big banks.
The crypto market fell on Friday, with Bitcoin trading near $42k, as cryptocurrencies fell with stocks.
Catch Up
Global food prices rose 13% in March, hitting a record high.
At least 52 people were killed Friday in a Russian rocket attack on a railroad station in eastern Ukraine.
The Nasdaq Composite is down 15.5% from its November record.