Bitcoin’s rally this year has hit a speed bump, putting it on track for the worst weekly slide in almost a year amid wider losses in risk assets.
Nikola Corp.’s internal review of claims about its technology concluded the startup and its founder made several inaccurate statements, marking a break with the company’s previous denials of misleading communications with the public.
The surge in global yields and slump in stocks has left bond and equity investors alike nursing losses and asking whether there is more to come or something to stop the rot.
Justin Trudeau’s government criticized the head of Canada’s national pension fund for getting a Covid-19 vaccine in the Middle East as the northern nation struggles to ramp up its domestic immunization campaign.
Shares in Chinese drug developer Joinn Laboratories dropped as much as 7.3% in its Hong Kong market debut Friday, following a heavily subscribed initial public offering that raised around HK$6.5 billion ($844 million).Joinn’s Hong Kong shares fell to as low as HK$140, along with a slide in the broader market. The company, whose shares already trade in Shanghai, had priced its sale of its 43.3 million shares in Hong Kong at HK$151 each, at the top of an indicative range.
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