Software stocks have struggled this year, but cybersecurity is proving to be an exception. It’s a reflection that businesses — and, in our opinion, investors — cannot do without the services that cybersecurity companies provide, making these stocks a relative bright spot in a shaky market for tech. Through Monday’s close, a popular exchanged-traded fund tracking the broader software industry — iShares Expanded Tech Software Sector ETF (IGV) — is down 11.1% year to date. Meanwhile, the First Trust Nasdaq Cybersecurity ETF (CIBR) is down just 0.6%. Another cyber-focused fund, the Amplify Cybersecurity ETF (HACK), has dropped 3.6% this year. Both cyber ETFs have pulled…
Author: usaeverydaylife
Trevor Young, Barclays analyst, joins ‘Power Lunch’ to discuss what’s behind the slowdown in travel demand. Source link
SPOKANE, Wash. — When Paige Bueckers and Geno Auriemma sat down at the dais after punching their ticket to Tampa for the Final Four, Auriemma pointed to the box score on a sheet of paper. Not to the fact that she played all 40 minutes or scored a game-high 31 points. Not to her 50 percent shooting from beyond the 3-point line or her nine fouls drawn or her two blocks or her six assists.He pointed to her four turnovers and shook his head. “What was that?” he asked her.She quickly pointed to the column next over from the turnovers…
The Taliban’s former ambassador to Spain was detained by U.S. immigration officials while entering the United States on Saturday, and remained in custody after a federal judge declined to order his release on Monday.The former Afghan diplomat, Mohammad Rahim Wahidi, was detained at Washington Dulles International Airport under what his lawyer described as a weaponization of part of the Immigration and Nationality Act. Under the law, the secretary of state can deport a noncitizen determined to be a national security risk.Mr. Wahidi is a lawful permanent resident and his wife, Mary Shakeri-Wahidi, is a U.S. citizen, according to a court…
Wall Street is hoping April 2 will provide the clarity on the U.S. tariff front and a reprieve from the recent market volatility. However, many remain skeptical that any real clarity is coming any time soon. Stocks have been in turmoil this year, as investors struggle to price in the full breadth and depth of President Donald Trump’s policies that are shifting the lines of global trade. The S & P 500 was last more than 8% off its all-time high, after falling into correction territory earlier this year. The Nasdaq Composite is more than 13% off its recent peak.…
Long-standing trade agreements have largely sheltered the pharmaceutical industry from tariffs but President Donald Trump’s goal of bringing manufacturing back to the United States has put the industry in the administration’s crosshairs. Trump first floated the idea of imposing tariffs of as much as 25% on imported pharmaceuticals in mid-February. Since then, he has repeated the idea and hinted that details would arrive in early April. Now, however, it’s unclear whether an update will be forthcoming on Wednesday, when many expect reciprocal tariffs to be unveiled, or if a drug announcement lies further out. If tariffs are put in place,…
Meta CEO Mark Zuckerberg holds a smartphone as he makes a keynote speech at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024.Manuel Orbegozo | ReutersMeta’s head of artificial intelligence research announced Tuesday that she will be leaving the company. Joelle Pineau, the company’s vice president of AI research, announced her departure in a LinkedIn post, saying her last day at the social media company will be May 30. Her departure comes at a challenging time for Meta. CEO Mark Zuckerberg has made AI a top priority, investing billions of dollars in an effort…
Editor’s note: This story is part of a multi-part series examining the issues and concerns about the current NBA.Stephen Curry processed what was happening, and about to happen, in about a tenth of a second.In his 1,009th NBA game, the future Hall of Famer curled off of a screen by Kevon Looney, in the fourth quarter against the Knicks in Madison Square Garden — an event game, in The World’s Most Famous Arena, as they like to say. Curry already had 25 points in three-plus quarters and had four 3-pointers. In other words, a typical Stephtacular night was brewing. And…
American flags flutter outside a Hyundai automobile dealership in Irvine, California, U.S., March 27, 2025. Mike Blake | ReutersSouth Korean automaker Hyundai warned U.S. dealers it is evaluating its pricing strategy in the face of forthcoming 25% tariffs on imported vehicles and parts announced by President Donald Trump.Randy Parker, chief executive officer of Hyundai and Genesis Motor North America, told dealers in a note that “current vehicle pricing is not guaranteed and may be subject to change for units wholesaled after April 2.”Analysts expect automakers will have to significantly hike vehicle prices if the new tariffs remain in place for an extended period,…
Cliff Asness.Chris Goodney | Bloomberg | Getty ImagesAQR Capital Management’s multistrategy hedge fund beat the market with a 9% rally in the first quarter as Wall Street grappled with extreme volatility amid President Donald Trump’s uncertain tariff policy.The Apex strategy from Cliff Asness’ firm, which combines stocks, macro and arbitrage trades and has $3 billion in assets under management, gained 3.4% in March, boosting its first-quarter performance, according to a person familiar with AQR’s returns who asked to be anonymous as the information is private.AQR’s Delphi Long-Short Equity Strategy gained 9.7% in the first quarter, while its alternative trend-following offering Helix…
