LightSource cofounders: CTO Idan Mintz and CEO Spencer PennCourtesy: LightSourceWith President Donald Trump set to impose sweeping tariffs on a wide swath of U.S. trading partners this week, corporate America is awash in uncertainty. LightSource, a San Francisco startup whose software helps companies manage their procurement process, costs and vendor relationships, didn’t know what the president’s tariffs plan would look like before raising its first funding round. But the timing didn’t hurt. LightSource has just closed a $33 million financing, led by Bain Capital Ventures and Lightspeed Venture Partners, with participation from J2 Ventures.”Tariffs and trade winds are shifting so…
Author: usaeverydaylife
Three days after Myanmar’s worst earthquake in more than a century ravaged the remote, war-torn city of Sagaing, razing monasteries and apartment buildings, help was still just starting to trickle in.The city’s 300,000 residents had been left to largely fend for themselves after the 7.7-magnitude quake struck, damaging roads and prompting the authorities to close a bridge over safety concerns. The area was already deeply isolated, cut off from the internet by Myanmar’s military, which has been fighting rebels in a civil war.By late Monday, some international aid groups began arriving in Sagaing. But local volunteers seeking to help with…
The S&P 500 made a stunning comeback from its lows on Monday, bouncing from a 1.7% decline to close with a modest gain. Here’s what’s on CNBC’s radar Tuesday. Source link
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Market uncertainty should “peak” around the Wednesday tariff deadline, according to Evercore ISI.In a note this week, Julian Emanuel wrote investors should resist tariff angst and accumulate stocks.”All you need is a little less uncertainty,” the firm’s senior managing director said Monday on CNBC’s “Fast Money.”Emanuel compares the market pessimism to the March 2023 regional bank failures.”The mood this morning and over the weekend talking with clients and talking with colleagues is as negative as I can remember going back to when Silicon Valley Bank blew up,” he said. “We didn’t know the Fed was going to ‘take care of…
Sam Altman, chief executive officer of OpenAI, during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty ImagesOpenAI on Monday announced it had closed what amounts to the largest private tech funding round on record.The $40 billion financing values the ChatGPT maker at $300 billion, including the fresh capital. It’s nearly three times the amount previously raised by a private tech company, according to PitchBook.The valuation puts OpenAI behind only SpaceX at $350 billion and even with TikTok parent ByteDance among the world’s most richly valued private…
International equity markets are starting to mirror the challenges faced by the U.S. with sharp sell-offs having unfolded recently around the world. In developed global markets, Japan has struggled in particular, with the Nikkei 225 dropping 4.1% today, breaking below key support defined by the weekly cloud model (shaded area on the chart) near 36,500. Secondary support near 35,000 appears in jeopardy from a momentum standpoint, below which a cyclical downtrend has officially taken hold referencing Fibonacci retracement levels. The weakness in the Nikkei 225 is also evident relative to the S & P 500 , noting the long-term downtrend…
Dr. Kavita Patel joins ‘Fast Money’ to talk the impact of FDA and HHS changes on vaccines, public health policy, and more. Source link
Traders work on the floor at the New York Stock Exchange in New York City, U.S., March 31, 2025.Brendan McDermid | ReutersU.S. stock futures slipped on Monday night as the market awaited clarity from President Donald Trump regarding his tariff policy rollout.Futures tied to the Dow Jones Industrial Average fell by 51 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures both dipped 0.2%.On Monday, the S&P 500 and the Dow Jones Industrial Average posted gains for the session. The broad market index added 0.55% on Monday, while the 30-stock Dow jumped 1%. The Nasdaq Composite slid 0.14% for…
White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty ImagesTesla’s stock just wrapped up its worst quarter since 2022 and suffered its third-steepest drop in the company’s 15 years on the public market.Shares of the electric vehicle maker plunged 36% in the first three months of the year.The last time Tesla had a worse stretch was at the end of 2022, when the stock cratered 54%. That quarter included CEO Elon Musk’s sale of more…
