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With Apple CEO Tim Cook teasing a new product launch Wednesday, analysts have speculated a new lower-cost iPhone model could soon hit store shelves.

After three cuts to its key interest rate last year, Federal Reserve officials, led by Chair Jerome Powell, have signaled that they are in a new phase of watching and waiting. One of those officials, Austan Goolsbee, is president of the Fed’s Chicago branch. If tariffs don’t worsen inflation, rate cuts could resume, he added.

The cryptocurrency Dogecoin (CRYPTO:DOGE) is trading higher on Friday. The gain comes as the S&P 500 gained 0.4% and Bitcoin gained 2.5%. The upward move was driven by the Securities and Exchange Commission's (SEC) announcement that it had received an application from the asset manager Greyscale to create a Dogecoin exchange-traded fund (ETF).

(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. continued whittling a longtime bet on Bank of America Corp. in last year’s final months, while keeping a stake in Apple Inc. intact following an earlier reduction.Most Read from BloombergProgressive Portland Plots a ComebackWhy American Mobility Ground to a HaltSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayHow to Build a Neurodiverse CitySaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterThe Omaha, Nebraska-base

Dallas Federal Reserve Bank President Lorie Logan on Friday reiterated her view that even if inflation nears the Fed's 2% goal in coming months, the U.S. central bank should not necessarily reduce short-term borrowing costs in response. "I think there's a real question about how restrictive monetary policy is right now," Logan said at a banking conference hosted by Southern Methodist University in Palm Desert, California. And, Logan signaled, it remained far from clear if inflation will indeed cool in the near term, noting a pattern in recent years of higher inflation at the start of the year, when companies typically tend to implement price increases.

Investors were digesting a busy week of tariff hikes and inflation updates, as fresh retail data and earnings reports rolled in.

Intel stock notched a 23% weekly gain, the biggest in more than two decades.