The decision would complicate an uneven recovery for the U.S. IPO market, as the company's listing was seen as a potential catalyst for encouraging others to follow. Klarna could reassess its plans if market conditions stabilize, the people said. While hopes of a recovery were high in 2025, some of the new entrants to the IPO market have seen muted receptions.
(Bloomberg) -- Coffee futures fell for a third day as the market digested a wave of US tariffs against the world’s top producers.Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLocal Governments Vie for Fired Federal WorkersWhat Would ‘Transportation Abundance’ Look Like?London Clears Final Hurdle for More High-Speed Trains to EuropePrices have slumped, following the broader commodity index low
US stock futures slipped after President Trump's broad reciprocal tariffs sent markets into a tailspin.
Some studies of Sarepta Therapeutics' muscular dystrophy drug, Elevidys, have been halted by European regulators after a patient taking it died.
China announced retaliatory tariffs of 34% against the US on Wednesday, a move causing several US stocks to plunge, particularly those of firms with extensive ties to China.View on euronews
Retail investors bought $4.7 billion in stocks on Thursday, the highest level over the past decade, JPMorgan said in a note on Friday. The historic "buy-to-dip" move by retail investors included names such as Nvidia, Amazon and S&P exchange-traded funds, but they sold Tesla. Small-cap technology was one of individuals' favorite sector picks amid the meltdown, while institutional investors have increased their bets against the sector.
Wall Street is wasting no time adjusting their views on certain stocks in the wake of bruising Trump tariffs.
Prices of silver dropped to over eight-week lows on Friday as concerns about demand for the industrial precious metal dominated sentiment due to recession fears stemming from U.S. President Donald Trump's slew of tariffs. Silver typically tends to move alongside gold, but industrial uses such as electronics and photovoltaics account for more than half of global demand, estimated at around 700.2 million troy ounces as of 2024, according to the Silver Institute industry association. At $31.00 an ounce, silver has dropped nearly 9% since Trump's latest tariffs announcements on Wednesday.
The Nasdaq looked set to confirm a bear market on Friday, down more than 20% from its record high, as China and the U.S. entered a tit-for-tat tariff war that raised recession fears and clouded the outlook for tech companies spearheading the AI revolution. The tech-heavy index, home to six trillion-dollar market cap companies, hit a record closing high of 20,173.89 on December 16, but has struggled since the start of the year. Fears of a potential slowdown in AI spending had pushed it into correction territory earlier last month.
A rout in global stocks continued as Beijing said it would slap additional tariffs of 34% on all U.S. goods, exacerbating worries that a trade war could stoke inflation, dent demand and tip the global economy into a recession. President Donald Trump imposed a 10% tariff on most goods imported into the U.S. earlier in the week and much higher levies on dozens of rivals, especially China.