Public Markets 3d Briefing
×Global Market Performance
Asian stocks bloomberg.com mostly bucked a US selloff sparked by AI anxiety, while Chinese shares reopened higher investing.com on tariff relief hopes and Lunar New Year spending optimism. The S&P 500 fell sharply investing.com as software weakness and tariff risks weighed on sentiment, with a technical strategist suggesting the index "appears coiled for a significant move" soon.
AI Market Disruption
Wall Street wsj.com remains deeply anxious about AI's future after a viral doomsday report rattled investors, causing the Dow to fall 1.7%. Jamie Dimon wsj.com dismissed fears over how AI will impact JPMorgan, while Nassim Taleb bloomberg.com warned of escalating volatility and potential software bankruptcies. Meanwhile, DeepSeek investing.com trained its latest AI model on Nvidia Blackwell chips despite US restrictions, and Anthropic bloomberg.com kicked off a share sale for staffers valued at up to $6 billion.
Tariff Trade Developments
The US customs authority investing.com will stop collecting Trump tariffs from February 24 after the Supreme Court ruling, though Trump bloomberg.com is exploring options for tariff revamp. China's Commerce Ministry investing.com is evaluating the tariff ruling, while Xi Jinping bloomberg.com gains leverage before the Trump summit after the tariff reversal. Nevada Attorney General bloomberg.com stated that Trump overstepped his authority on tariffs, and Raymond James warns the tariff refund process could be "lengthy and challenging."
Commodity Movements
Gold bloomberg.com pulled back after a four-day ascent as traders took profits, though it remains supported by tariff turmoil and safe-haven demand. Oil wsj.com edged lower amid possible position adjustments before US-Iran talks, steadying as Trump reiterated his preference for a nuclear deal with Iran. Goldman Sachs investing.com lifted its Q4 oil price forecast on tighter OECD inventories.
IPO and Equity Markets
Wall Street analysts bloomberg.com mounted a rescue operation for slumping US IPOs, with three of the worst performers gaining support after recent declines. Canadian drugmaker Apotex bloomberg.com seeks up to $730 million in a first-half IPO, while KKR-backed Global Medical Response bloomberg.com has selected banks for a US offering. Global investors are piling into Latin American stocks bloomberg.com at the fastest clip in a decade.
Crypto and Digital Assets
Jane Street wsj.com was accused of insider trading that helped collapse Terraform, with the court-appointed administrator alleging the firm used nonpublic information. Coinbase bloomberg.com stablecoin revenue could surge up to sevenfold, while Binance wsj.com fired staff who flagged $1 billion moving to sanctioned Iranian entities after Trump pardoned its founder.
Banking and Financial Services
The Federal Reserve bloomberg.com unveiled a new proposal targeting how examiners scrutinize banks' risk after Trump moved to rein in account closures. American Bankers Association Chair bloomberg.com Kenneth Kelly stated that the banking system is safe for digital assets, while BlackRock bloomberg.com active equity veteran Belinda Boa is leaving the firm after over 25 years.