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While the notice has no immediate effect on B. Riley's listing, the Nasdaq has informed the company that it must submit a plan by June 2 to address how it intends to regain compliance with listing rules. The company's annual report was due on March 17.

NEW YORK (Reuters) -Tariff-stunned markets face another week of potential tariff turmoil, with fallout from President Donald Trump's sweeping import levies keeping investors on edge after the worst week for U.S. stocks since the onset of the coronavirus crisis five years ago. Investors will look for signs the stock market may be close to at least a short-term bottom after Trump's tariffs rocked global asset prices this week. The benchmark S&P 500 lodged its biggest weekly drop since March 2020 and the Nasdaq Composite on Friday ended down more than 20% from its December record high, confirming the tech heavy index is in a bear market.

Shares of several homebuilders rose Friday—in a reversal from a sharp selloff a day earlier—as Treasury yields and mortgage rates fell.

As stocks crater, we're looking at what's next for markets.

One of the most pivotal weeks in years - even decades - for the global economy closed on Friday to the sound of the Nasdaq crashing into a bear market as investors fear U.S. President Donald Trump's trade war will tip the world into recession. Less than 48 hours after Trump raised tariff barriers to the highest in over a century, China on Friday said it would slap additional 34% duties on all U.S. imports, escalating the global trade war to new, dangerous heights. Any hopes investors had of Federal Reserve Chair Jerome Powell coming to the rescue by signaling a readiness to cut interest rates - as Trump had appeared to pressure him into doing in a social media post earlier in the day - were dashed, as Powell stressed the "elevated risks" to both growth and inflation.

"The economic pain that will be brought by these tariffs are hard to describe and can essentially take the US tech industry back a decade," Dan Ives said.

Stocks tumbled again on Friday after China said it would impose a 34% tariff on US imports, while European markets continued to slide.