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It's Friday, so today I'll provide a quick overview of what's happening in global markets and then offer you some weekend reading suggestions away from the headlines. * U.S. President Donald Trump on Thursday threatened to slap a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a new front in a global trade war that has roiled financial markets and raised recession fears. * Top U.S. Senate Democrat Chuck Schumer on Thursday said he would vote to advance a Republican stopgap funding bill, signaling that his party would provide the votes to avert a government shutdown.

Broadband and telecommunications services provider WideOpenWest (NYSE:WOW) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 9.6% year on year to $152.6 million. On the other hand, the company expects next quarter’s revenue to be around $148 million, close to analysts’ estimates. Its GAAP loss of $0.13 per share was 14.5% above analysts’ consensus estimates.

US president Donald Trump has kicked trading tensions up a notch by threatening tariffs on EU alcohol, even as ECB president Lagarde warns that an escalating trade war could have severe global consequences.View on euronews

(Bloomberg) -- BlackRock Inc.’s Rick Rieder is investing more in European equities as he expects the region’s industries to benefit from an increase in fiscal spending.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hospitals at Risk of ClosureThe portfoli

CEO Todd Vasos said the company is well-positioned to weather the impacts of tariffs.

The cumulative value of SpaceX, Neuralink, the Boring Company, and xAI has shot up 45% since last November.

(Bloomberg) -- European Union officials are urging member countries to set aside long-standing clashes over centralized supervision of capital markets so they can accelerate defense financing.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hospitals at Ris

Ulta Beauty shares are jumping in premarket trading Friday, a day after the cosmetics retailer reported better-than-expected fourth-quarter results.

(Reuters) -Investors are increasingly taking refuge from the tumultuous U.S. stock market by pouring into a type of exchange-traded fund that offers a tradeoff, a cap on potential gains in return for a cushion against possible losses. Over the past month, as the market has pulled back sharply, "buffer" ETFs have seen $2.5 billion of inflows, according to CFRA Research. On Monday, the S&P 500's biggest drop of the year, such buffer ETFs pulled in $140 million in net assets, according to CFRA.

A U.S. stock market rocked by President Donald Trump's back-and-forth on foreign import tariffs faces a Federal Reserve meeting in the coming week, as investors look for hints about further interest rate cuts that could restore some calm to markets. The Fed's latest monetary policy meeting comes as Wall Street is increasingly worried about an economic slowdown, with concerns exacerbated by Trump ramping up his tariff war. The U.S. central bank is widely expected to hold interest rates steady on Wednesday, but investors are anticipating cuts later in the year and will be looking for signs the Fed may be preparing to move.