From commerce to culture, software is digitizing every aspect of our lives. This secular theme has materialized in superior earnings growth and stock price performance for most SaaS companies, and over the last six months, the industry’s 14.2% return has topped the S&P 500 by 9.2 percentage points.
Retailers are adapting their business models as technology changes how people shop. Still, secular trends are working against their favor as e-commerce continues to take share from brick and mortars. This puts retail stocks in a tough spot, and over the past six months, the industry has pulled back by 3.4%. This drop was disheartening since the S&P 500 gained 4.9%.
(Bloomberg) -- Nasdaq Inc. plans to offer 24-hour trading on its equities exchange, the latest venue seeking to capitalize on growing global demand for US stocks.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowThe second-largest
The Paws token ($PAWS) is set to officially launch on March 18, 2025, after gaining significant traction in the crypto market.
(Bloomberg) -- The European Commission has vowed to speed up a planned review of the competitiveness of the bloc’s banks after the region’s three biggest economies demanded urgent action to ensure their lenders can properly compete with Wall Street rivals. Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Brok
A series of rapid-fire tariff developments this week left markets on edge due to sharp shifts from Trump and conflicting signals from his top advisers about what the president planned to do.
News of the day for March 7, 2025
(Bloomberg) -- Bond investors are on alert for any signs of US economic weakness in Friday’s employment report, as they assess whether the recent rally in Treasuries has further room to run.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11
(Bloomberg) -- It was US President Donald Trump’s furious Oval Office clash with his Ukrainian counterpart last Friday that convinced fund manager Hugo Squire it was time to buy bonds in Eutelsat Communications SA. Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking
LONDON (Reuters) -Hedge fund stock pickers and multi-strategy funds gave up around half their average yearly gains in Thursday's tech-driven equity selloff, a note by Goldman Sachs showed. Wall Street shares have been hit this week by a darkening U.S. economic outlook uncertainty over President Donald Trump's tariff policies, with the Nasdaq on Thursday confirming a correction since peaking in December. Stock plunges were felt acutely in the parts of the markets where hedge funds held long bets such as on technology, media and telecommunications companies.