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(Reuters) -Marketing platform AppLovin said on Thursday it has submitted a bid for TikTok assets outside of China, ahead of the April 5 deadline set by the U.S. President Donald Trump to find a non-Chinese buyer for the short video app used by 170 million Americans. AppLovin said in a regulatory filing that its proposal for TikTok is preliminary and there can be no assurance that a transaction will proceed. Bidders for the short video social media company are piling up, as the weekend deadline for TikTok to find a buyer approaches.

Kraken has secured restricted dealer registration in Canada. The crypto exchange has appointed Cynthia Del Pozo as the North America GM to lead expansion.

Stocks cratered and bond yields hit their lowest level since October as investors flee risk assets and predict a hit to economic growth.

Shares of RH plummeted Thursday on the heels of disappointing earnings results and sweeping tariffs announced by the Trump administration.

Fears of a recession intensified after President Trump unveiled his plan to impose a minimum 10% tariff on all U.S. imports, and the KBW Nasdaq Bank Index tumbled by nearly 10%.

Interparfums, Estee Lauder and Covergirl's parent company, Coty, are "defensive" investments, analysts wrote in recent note.

On March 7, U.S. Treasury Scott Bessent said the U.S. economy could be in for a "detox period" as it adjusted to President Donald Trump's transformative policy agenda. The gyrations on Wall Street and beyond on April 3 following Trump's sweeping global tariffs the day before suggest that may be a huge understatement. U.S. stocks, the dollar and oil cratered on Thursday, bond yields plunged and volatility soared, as Trump's tariffs at a stroke darkened the near-term outlook for spending, investment, corporate earnings, economic activity and growth.