Reported 2 days ago
While concerns over President Trump's tariff policies and economic recovery contribute to market volatility, Julian Emanuel from Evercore ISI believes the bull market is still intact. Despite currently miserable investor sentiment, he sees this period as a buying opportunity, suggesting that while soft data has worsened, hard economic indicators remain stable. His analysis indicates that recent market actions are more positive than anticipated, providing optimism for investors.
Source: YAHOO
Reported 2 days ago
The Biden administration reportedly allowed Chevron to pay hundreds of millions to the Venezuelan government despite an initial prohibition in a sanctions waiver. This secretive arrangement enabled Chevron to comply with U.S. law while making necessary tax payments to the regime of Nicolás Maduro, raising concerns about the administration's handling of sanctions as Maduro's government fails to uphold democratic promises.
Source: YAHOO
Reported 2 days ago
The week of March 24, 2025, will feature significant US economic data releases, including consumer confidence and home price indices on March 25, and the final GDP revision for Q4 2024 on March 27. Additionally, the February Personal Consumption Expenditures index will be available on March 28. Corporate earnings reports are expected from Lululemon, Dollar Tree, Chewy, KB Homes, and Intuitive Machines.
Source: YAHOO
Reported 2 days ago
This week's housing data reveals a rebound in home sales and construction starts, particularly in single-family homes, despite declining builder sentiment and rising mortgage rates. Existing home sales rose 4.2% in February, exceeding expectations, while the 30-year fixed mortgage rate has reached 6.67%. Analysts predict that mortgage rates will stabilize as the spring market season begins.
Source: YAHOO
Reported 2 days ago
Panama is reopening discussions regarding the future of a contentious copper mine after its Supreme Court previously halted operations due to constitutional issues with its concession. President José Raúl Mulino acknowledges the mine's economic significance, indicating a potential restart despite strong opposition from environmental and civic groups who oppose its impact on local communities. The ongoing debates reflect a broader conflict between economic benefits and environmental concerns as protests continue against the mine's reopening.
Source: YAHOO
Reported 2 days ago
For the first time since Donald Trump's election victory, traders in the currency market have begun to place bets against the US dollar, accumulating $932 million in bearish positions. This marks a significant change from January, when they had a $34 billion bet on a stronger dollar. Analysts attribute this shift to growing uncertainty surrounding Trump's economic policies and their negative impact on the US economy, leading to expectations of potential interest rate cuts by the Federal Reserve.
Source: YAHOO
Reported 2 days ago
Affirm Holdings Inc. faced a volatile week in the stock market as fears grew over competition after Klarna announced a partnership with Walmart, which caused its shares to drop to a four-month low. However, the stock rebounded later in the week due to positive commentary from the Federal Reserve regarding the US economy. Analysts noted that while consumer credit's strength is crucial for Affirm, the initial fears appeared overblown as investors adjusted to the news.
Source: YAHOO
Reported 2 days ago
Speculation is growing around the fate of Fannie Mae and Freddie Mac following Treasury Secretary Scott Bessent's remarks about possibly incorporating the government's stakes in these home loan giants into a proposed US sovereign wealth fund. Influential figures like hedge fund manager Bill Ackman and Stifel Financial's CEO Ronald Kruszewski support the idea, suggesting it could enhance financial stability and lead to a $1 trillion fund by 2040. This discussion follows Bessent's comments on the 'All In' podcast, igniting conversations about their potential role in the proposed fund.
Source: YAHOO
Reported 2 days ago
US stocks saw a positive turn on Friday, with the S&P 500 and Nasdaq breaking a four-week decline as President Trump hinted at 'flexibility' regarding upcoming tariffs. After mixed signals from the Federal Reserve, which maintained its rate cut plans, stocks initially dropped but regained some ground following Trump's comments. Despite the rally, concerns remain over inflation and economic growth, highlighted by disappointing earnings from FedEx and Nike.
Source: YAHOO
Reported 2 days ago
Ticketing marketplace StubHub has reported a 29.5% increase in revenue for 2024, hitting $1.77 billion, according to its filing for an initial public offering on the New York Stock Exchange. Despite a net loss of $2.8 million, the company plans to sell new shares under the symbol 'STUB' as it joins other firms navigating recent market volatility.
Source: YAHOO
Reported 2 days ago
Kyle Vogt, the ex-CEO of Cruise, has successfully raised $150 million for his robotics startup, The Bot Company, bringing its valuation to $2 billion. Despite being less than a year old and not yet generating revenue, the startup has attracted significant investor interest due to the potential of AI-driven robotics. Vogt co-founded the company to develop home robots designed to assist with everyday tasks, amidst a growing trend in robotics innovation and investment.
Source: YAHOO
Reported 2 days ago
StubHub Holdings Inc., the ticket selling platform, has filed for an initial public offering (IPO) revealing a revenue increase alongside a significant loss of $2.8 million for the year 2024. The New York-based company reported $1.77 billion in revenue, a rise from $1.37 billion in 2023, but still saw a turnaround from a previous year of net income. Plans for the IPO were initially postponed due to unfavorable market conditions, and the share sale details are yet to be disclosed.
Source: YAHOO
Reported 2 days ago
President Trump announced a plan to transfer federal student loan management to the Small Business Administration (SBA) as part of his effort to dismantle the Department of Education. However, experts raise legal questions about this move, citing the Higher Education Act which mandates the Department of Education to oversee student aid. With ongoing staff layoffs at the SBA and skepticism about their capability to manage the extensive student loan program, many are calling for clarity on the rationale behind this decision.
Source: YAHOO
Reported 2 days ago
In response to volatility in global markets and uncertainty surrounding President Trump's economic policies, Wall Street banks such as JPMorgan and Morgan Stanley are making more investor-friendly changes to leveraged loan offerings. Borrowers are having to increase discounts due to a decrease in secondary market prices, and some banks have altered loan terms to attract buyers. The adjustments include changes to covenants and protections for creditors, amid concerns over debt refinancing and the overall health of the lending market.
Source: YAHOO
Reported 2 days ago
The US Treasury market is experiencing its best weekly gains this month, driven by increasing fears of an economic downturn that promote bets on interest rate cuts. After the Federal Reserve's March meeting, traders are anticipating approximately 70 basis points of cuts by the year's end, potentially leading to three reductions throughout 2025. With bond yields declining, particularly the 10-year note, investors continue to seek safety in Treasuries amidst uncertainty surrounding economic growth.
Source: YAHOO
Reported 2 days ago
Approximately 500 employees at the Securities and Exchange Commission (SEC) have opted to leave under the agency's $50,000 buyout and deferred resignation offers, marking a significant loss of about 10% of its workforce. The exodus primarily affects the enforcement and examination divisions, raising concerns about the agency's capacity to manage potential financial crises. Additional cost-cutting measures, including office lease terminations, are also planned, which have drawn criticism for being at odds with the SEC's operational efficiency.
Source: YAHOO
Reported 2 days ago
Heathrow Airport in London has reopened after a nearby fire led to a power outage that affected air travel, resulting in the cancellation of over 1,300 flights and significant delays for countless passengers. The disruption began when a fire broke out at an electrical substation supplying the airport, resulting in extensive travel delays throughout the day.
Source: YAHOO
Reported 2 days ago
Clearlake Capital Group is close to finalizing a $4 billion deal to acquire Dun & Bradstreet Holdings Inc., valuing the historic data and analytics provider at approximately $9 per share. The acquisition discussions are in advanced stages, with a potential announcement expected soon, though rival offers may be considered during a go-shop period. Dun & Bradstreet has seen a decrease in share value over the past year but experienced a rise in shares on the news.
Source: YAHOO
Reported 2 days ago
The U.S. Securities and Exchange Commission (SEC) held its inaugural public roundtable focusing on the regulatory landscape for digital assets, coinciding with Trump’s plans to revamp crypto regulation. The meeting included industry experts discussing the implications of federal securities laws on cryptocurrencies and the potential for a separate regulatory framework. Trump, seeking a more lenient approach than the previous administration, aims to establish a new strategic approach to overseeing the crypto industry, which has faced regulatory pushback in the past.
Source: YAHOO
Reported 2 days ago
JPMorgan Chase & Co.'s asset-management unit has decided to leave the Net Zero Asset Managers initiative, reflecting a trend of exits from financial climate alliances as they face pressure from GOP politicians. The decision followed the announcement that NZAMi paused operations due to evolving regulatory and client demands. This departure comes shortly after BlackRock, the largest asset manager globally, also withdrew from the initiative.
Source: YAHOO
Reported 2 days ago
A consortium led by DigitalBridge and Crestview Partners is moving forward with discussions to acquire WideOpenWest, as it seeks to finalize the deal after a year-long effort to take the broadband provider private. While talks have progressed, the two parties have yet to agree on all terms, and it's uncertain if a deal will be reached. The latest non-binding offer was approximately $406 million, reflecting a 32% premium over the company's previous stock price.
Source: YAHOO
Reported 2 days ago
Barclays recently won the dismissal of two U.S. securities fraud lawsuits related to its unauthorized issuance of $17.7 billion more securities than allowed by regulators. A Manhattan judge ruled that investors could not sue over general assurances made by the bank, and there was no evidence of intent to defraud. This decision follows Barclays' acknowledgment of overissuance and its related settlement with the SEC.
Source: YAHOO
Reported 2 days ago
Klarna, a prominent buy now, pay later provider, has filed for an IPO, highlighting its profitability challenges following its U.S. expansion despite significant revenue growth. The company noted that while it thrived in Sweden with an 82% usage among adults, its U.S. market penetration remains at 10%. Klarna generates revenue from various streams, including transaction fees from merchants, late payment fees, and consumer subscriptions. As it prepares for its public listing, Klarna aims to enhance its retail banking and advertising sectors to drive further growth.
Source: YAHOO
Reported 2 days ago
Citigroup and JPMorgan are seeking investors for a $2.2 billion debt financing to support ABC Technologies' purchase of TI Fluid Systems. This financing will include leveraged loans and high-yield bonds in both dollars and euros. ABC agreed to buy TI Fluid for approximately £1 billion, with the debt also aimed at refinancing existing obligations and covering associated costs.
Source: YAHOO
Reported 2 days ago
Energy stocks have significantly outperformed the broader market in 2025, as investors favor companies with strong cash flows for dividend payments amidst current inflation and tariff uncertainties. Despite a decrease in oil prices, the S&P 500 Energy Select ETF has risen nearly 8%, while technology and consumer discretionary sectors have seen declines. The sector benefits from a favorable regulatory environment and rising natural gas prices, leading to positive price movements and bullish outlooks for energy-related equities.
Source: YAHOO