Fintech firm Klarna has halted its planned initial public offering after President Donald Trump's sweeping tariffs announcement, according to a report.
(Bloomberg) -- The Bank of Canada is expected to cut interest rates more deeply as US President Donald Trump’s tariff barrage sends world markets into a tailspin and data show the Canadian job market already taking damage.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 M
Shares of the companies spun off from the former industrial icon General Electric were all tanking Friday, led by medical device maker GE HealthCare, on investor fears that they would be hurt by Beijing’s retaliatory levies countering President Donald Trump’s tariffs.
The huge swings rocking Wall Street and the global economy may feel far from normal. Stomaching them is the price investors have had to pay in order to get the bigger returns that stocks can offer over other investments in the long term. Here's a glimpse at what's behind the market's wild moves and what experts advise investors young and old to consider: HOW BAD IS THE MARKET?