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"Tesla's latest financial disclosures should raise alarms," the American Federation of Teachers wrote in a letter to asset managers.

Market strategists see more pain ahead as a result of tariff-induced volatility. "We think it's too early to go bargain shopping," an investment chief wrote.

World financial markets kept on a radical readjustment course on Thursday after U.S. President Donald Trump's shakeup of the transatlantic relationship spurred a seismic, half-a-trillion-euro shift in German defence and infrastructure spending. The European Central Bank cut its interest rates again, as expected, and said monetary policy was becoming less restrictive, which traders took to mean another cut in April might not be a given - giving the euro another boost. "The reality is that I still don't think the enormity of the (German) news has got close to being fully comprehended and digested by global investors yet," said Deutsche Bank's Jim Reid, who estimated that Wednesday's Bund yield spike was the biggest move since German reunification in 1990.

Goldman Sachs raised its target price for emerging markets stocks on Thursday, projecting that the AI-powered rally in Chinese equities could boost other markets as well. The brokerage raised its 12-month target for MSCI Emerging Markets Index by 3%, reaching 1,220 from 1,190, indicating an 11% potential upside from current levels. The increase reflects Goldman Sachs' recent adjustment to its MSCI China target, driven by the impact of AI adoption on valuations through earnings, multiples and portfolio flows.

LONDON (Reuters) -Oil prices rose on Thursday, recovering slightly from a multi-year low, though Brent was still below $70 under pressure from trade tariffs between the United States, Canada, Mexico and China and OPEC+ plans to raise output. Those factors and a larger than expected build in U.S. crude inventories had sent Brent as low as $68.33 on Wednesday, its weakest since December 2021. Brent futures were up 53 cents, or 0.8%, at $69.83 a barrel by 1246 GMT on Thursday while U.S. West Texas Intermediate crude futures gained 54 cents, also 0.8%, to $66.85.

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Michael Saylor argues that Bitcoin should be the primary asset in the U.S. strategic crypto reserve, calling it "the foundation of the crypto economy.”