Editor’s note: This article is part of the Bracket Central series, an inside look at the run-up to the men’s & women’s NCAA Tournaments, along with analysis and picks during the tournaments.One of the chalkiest NCAA Tournaments in history has reached its logical conclusion: All four No. 1 seeds are headed to the Final Four for the first time since 2008. That tournament gave us an all-timer of a championship, with Mario Chalmers’ miracle sending the title game to overtime as part of a Kansas victory over Memphis. And just like this Final Four, that tournament ended in San Antonio.The burning question for…
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Prince Harry announced on March 25 that he had stepped down as a patron of Sentebale, the charity he co-founded in memory of his mother, after a monthslong dispute between the charity’s chair and the board of trustees broke into the open.Harry and his fellow co-founder, Prince Seeiso of Lesotho, said they had quit in solidarity with five board members who had resigned over a dispute with the chair, Sophie Chandauka.Both Ms. Chandauka and the group of former trustees have made allegations of wrongdoing against each other, and both parties said they had submitted claims and evidence of their arguments…
Kathryn Glass, co-head of high-yield group at Federated HermesCourtesy: Federated Hermes Inc.Federated Hermes’ Kathryn Glass wasn’t always set on a career in finance. Yet these days she’s co-heading her firm’s high-yield fixed-income group — and trying to navigate a market that some say has gotten too expensive.Glass, who was promoted to the position in February after 27 years in the business, at first seemed destined for a career in Japanese language and literature.She received a bachelors of arts degree in the subject from the University of Pittsburgh and spent her junior year abroad in Japan. She then got a masters…
Toronto , Canada – 20 June 2024; Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024.Ramsey Cardy | Sportsfile | Collision | Getty ImagesArtificial intelligence chip developer Cerebras said Monday that it has obtained clearance from a U.S. committee to sell shares to Group 42, a Microsoft-backed AI company based in the United Arab Emirates.That clearance came from the Committee on Foreign Investment in the United States, or CFIUS, and it’s a key step for Cerebras in its effort to go public. Cerebras competes with Nvidia, whose graphics processing units…
Michael Intrator, founder and CEO of CoreWeave Inc., Nvidia-backed cloud services provider, attends his company’s IPO at the Nasdaq Market in New York City on March 28, 2025.Brendan McDermid | ReutersWall Street banks waited a long time for a billion dollar IPO from a U.S. tech company. They’re not making much money from the one they got.The underwriting discount and commissions paid by artificial intelligence infrastructure provider CoreWeave, which hit the Nasdaq on Friday, amounted to just 2.8% of the total proceeds, according to a Monday filing with the Securities and Exchange Commission. That means that of the $1.5 billion…
NEW YORK — The New York Yankees’ bats were the story of the team’s franchise-record nine-home run day against the Milwaukee Brewers on Saturday. Then came the discussion about the actual bats used by some players in the 20-9 win.The uniquely shaped lumber is the result of two years of research and experimentation with a former Massachusetts Institute of Technology physicist-turned-coach at the helm.The question at its center?“Where are you trying to hit the ball?” Aaron Leanhardt said in a phone interview Sunday morning. “Where are you trying to make contact?”Leanhardt, 48, began his work when he was a member…
Morgan Stanley strategist Mike Wilson says President Donald Trump’s tariff announcement on April 2 “is likely a stepping stone for further negotiations, as opposed to a clearing event.” Wilson’s baseline scenario for tariffs is as follows: scope for a higher tariff rate on goods from China product-specific tariffs on imports from the European Union potential de-escalation on levies on Mexico and Canada product-level tariffs on multiple Asian economies The baseline scenario for reciprocal tariffs doesn’t necessarily mean the market can’t move higher, according to Wilson. He noted that product-level tariffs are “likely to be more impactful on a sector basis.”…
With a tumultuous first quarter wrapping up, Courtney Garcia, senior wealth advisor at Payne Capital Management, reviewed what to do with some well-known stocks that are under pressure. Garcia joined the 3-Stock Lunch segment on CNBC’s “Power Lunch” on Monday to discuss Palantir , General Motors and Coinbase . Here’s what she thinks of each: Palantir While Palantir started off the year “strong,” Garcia said the defense technology stock has pulled back due both to macroeconomic headwinds as well as company-specific concerns. Palantir trades at 147 times next year’s earnings, far above the S & P 500 multiple as well…
Celsius energy drinks at a store in Crockett, California, on March 11, 2024.David Paul Morris | Bloomberg | Getty ImagesCelsius Holdings shares jumped to multimonth highs on Monday after Truist highlighted the energy drink maker’s strong position with women shoppers.The stock climbed nearly 6% in the session. The stock hit levels not seen since early September during the trading day and is now up more than 35% in 2025.Stock Chart IconStock chart iconCelsius, 1-yearMonday’s pop comes after Truist analyst Bill Chappell upgraded the stock to buy from hold and raised his price target by $10 to $45. Chappell’s new target…
U.S. President Donald Trump announces that his administration has reached a deal with elite law firm Skadden, Arps, Slate, Meagher & Flom during a swearing-in ceremony in the Oval Office at the White House on March 28, 2025 in Washington, DC. Andrew Harnik | Getty ImagesPresident Donald Trump is about to announce his biggest batch of tariffs yet. And while major details about them are shrouded in mystery, one thing is clear: Some trade partners are about to feel a lot more pain than others.Trump on Wednesday is set to unveil “reciprocal tariffs” against other countries that have their own duties…
