Software stocks could be a good hedge for investors looking for some stability against an increasingly volatile macroeconomic backdrop and unstable market, according to HSBC. Mounting uncertainty around President Donald Trump’s tariff rollouts and fears of a weaker economy have rattled markets for the past five weeks, sending all three major averages down for the year. Many companies with more operations overseas and higher imported inputs have cut the financial guidance they give Wall Street, further shaking investors’ confidence in the profit outlook. While London-based HSBC sees the macroeconomy taking a hit, the bank doesn’t expect a U.S. recession. “HSBC…
Author: usaeverydaylife
CoreWeave CEO Mike Intrator said Friday that the company’s IPO pricing, which came in below expectations, has to be placed in the larger context of the macroenvironment.”There’s a lot of headwinds in the macro,” Intrator said on CNBC’s Squawk Box. “And we definitely had to scale or rightsize the transaction for where the buying interest was.”The company, which provides access to Nvidia graphics processing units for artificial intelligence training and workloads, priced its IPO at $40 a share, below the initial $47 to $55 per share filing. The stock will begin trading on the Nasdaq under the symbol “CRWV.”The lower price provided…
More than 1,000 Division I men’s basketball players have entered the transfer portal since it opened on March 24. That’s a lot of names and faces to learn as college basketball’s roster management busy season increasingly resembles NBA free agency. This is where The Athletic’s transfer portal rankings come in.The rankings are a living document we will continue to expand and update as more players hit the portal. Some notes to keep in mind: First, positional scarcity is taken into account. The easiest type of player to find in the portal is a scoring guard; the hardest types are versatile…
Crypto markets have been volatile since U.S. President Trump was elected in November 2024. His pro-crypto promises prompted bitcoin to record highs, but his recent “America First” policies have rattled markets, including crypto.At CNBC’s CONVERGE LIVE event in Singapore, Arjun Kharpal spoke with Binance’s CEO Richard Teng and HashKey Capital’s CEO Chao Deng about the future of the crypto industry.”The more people learn about crypto as a journey, the more they understand all the important utility and use cases,” Teng told CNBC at CONVERGE LIVE.”Crypto is instantaneous, you receive your funds at a fraction of the cost of what traditional…
March Madness (in markets) is hopefully coming to an end. Investors have endured the worst performing months in quite some time as the Magnificent Seven was acutely repriced. I believe April presents an opportunity to own technology after the leading sector recently dipped into correction territory. I want to use the Technology Select Sector SPDR Fund (XLK) to produce an income stream as I have optimism on a rebound in tech. .MAG7 3M mountain CNBC Mag-7 Index 3-mo chart Several factors have contributed to the revaluation of the Mag 7. Tariffs were generally pointed to as the catalyst for the…
The promised date for the White House’s so-called reciprocal tariffs is no longer far off in the future. The Trump administration is expected to announce a wide-ranging tariff plan on April 2. While many of the tariffs announced so far have been pitched as temporary and aimed at specific countries, Trump has said the new reciprocal levies will be permanent and more widespread. That could lead to a larger economic impact for investors. “The work from our economists suggests the growth impact of 60% tariffs on 75% of Chinese imports to the U.S. and 10% tariffs on [rest of world]…
(L-R) Greenland politician Aqqalu Jerimiassen, Jens-Frederik Nielsen the leader of the Demokraatit party, the Prime Minister of Greenland Múte Bourup Egede and Vivian Motzfeldt of the Siumut party attend the announcement of a coalition agreement to form the next government, on March 28, 2025 in Nuuk, Greenland.Leon Neal | Getty Images News | Getty ImagesGreenland presented a new government coalition agreement on Friday, just hours before a visit by U.S. Vice President JD Vance to the Arctic island that President Donald Trump has expressed interest in acquiring.The new majority government will be headed by Democrats leader Jens-Frederik Nielsen, who had…
PORTLAND, Ore. — Brian Vu has been a fan of the NBA for 14 years, but he has never experienced a game like the one he attended last week in Portland.Not only did his hometown Trail Blazers beat the Memphis Grizzlies, but also for the first time in his life, Vu said he felt involved in the game, every bit a part of the 18,491 in attendance at Moda Center.Vu, who has low vision, didn’t see one play during the Blazers’ 115-99 win. But he felt every score, every turnover, every shot.The 32-year-old Vu used a haptic device that allowed…
The Israeli military launched airstrikes on the southern outskirts of Beirut on Friday for the first time since a U.S.-brokered cease-fire came into effect in November, shattering months of tense calm in the Lebanese capital and stoking fears of a further escalation.The bombardment came after rockets were fired at northern Israel from Lebanese territory earlier in the day, setting off air-raid sirens in three communities near the border. The Israeli military subsequently ordered residents of the densely populated Hadath neighborhood of Dahiya, an area on the southern edges of Beirut, to evacuate from the vicinity of a building there.Less than…
Barry RitholtzBarry RitholtzBarry Ritholtz had a hard time writing his first book, “Bailout Nation.”Drafted in the midst of the 2008 financial crisis, the biggest challenge, he said, was that a different company “would blow up” every week.It felt as if the writing “was never over,” said Ritholtz, the chairman and chief investment officer of Ritholtz Wealth Management, an investment advisory firm that manages more than $5 billion of assets.By comparison, the new book was a “joy” to write, largely due to the benefit hindsight, said Ritholtz, who is also a prolific blogger and creator of the long-running finance podcast “Masters…
