What you need to know on Wall Street today
Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.
Global stocks are getting slammed and major currencies are going haywire on a wild Friday in marketsrecord low against the US dollar. A diplomatic tussle between the US and its NATO ally deepened Friday after President Donald Trump said he had authorized the doubling of tariffs on Turkish steel and aluminum.
The turmoil in Turkey raised fears over what it means for the eurozone, sparking a sell-off in bank stocks and other assets in the region.
Facebook has talked to crypto project Stellar about its blockchain efforts
Facebook is speaking with a number of crypto projects as it explores ways in which it can use blockchain technology.
In recent months, Facebook's blockchain team, led by former PayPal executive David Marcus, has met with open source payments technology company Stellar about some of those opportunities, people familiar with the talks told Business Insider. While the talks were early stage, they could shed light onto Facebook's ambitions to push into finance and take on big banks.
2018 is shaping up to be a record year for private investingIn Silicon Valley, startups valued at $1 billion or more are nicknamed "unicorns" because originally they were so few and far between.
If the trend continues, 2018 will be a record-making year for billion-dollar companies.
In markets news