JPMorgan reports that $26 billion of leveraged ETF selling contributed to Friday’s sharp U.S. stock market drop, triggered initially by Trump’s new tariff threats on China. Options dealers likely exacerbated the downside as they hedged their exposure. Key takeaways: “Customers selling volatility going into Friday came back to bite them,” said Steve Sosnick, Interactive Brokers...
StubHub (STUB) shares rose nearly 6% in early trading after multiple brokerages, including J.P. Morgan, BofA Global Research, Evercore ISI, and BMO, issued positive ratings following the end of the IPO quiet period. Key points: “We believe STUB shares, trading at a discount to peers, offer compelling risk/reward as we expect strong execution in core...
Salesforce (CRM) announced a $15 billion investment in San Francisco over the next five years, aimed at: CEO Marc Benioff said:“This $15 billion investment reflects our deep commitment to our hometown — advancing AI innovation, creating jobs and helping companies and our communities thrive.” The investment comes as Salesforce competes with Microsoft, Oracle, and ServiceNow...
According to UNCTAD Secretary-General Rebeca Grynspan, ongoing tariff uncertainty could slow investment, particularly affecting: Key insights: Grynspan urged that vulnerable countries be spared higher tariffs to protect growth and investment.
British autonomous driving startup Wayve is in talks with Microsoft and SoftBank to raise up to $2 billion, potentially valuing the company at around $8 billion, according to the Financial Times. If successful, this round will cement Wayve as a leader in autonomous driving tech, driving innovation across AI, robotics, and mobility ecosystems.
India’s Canara Robeco Asset Management has seen its IPO fully subscribed on the final day, led by institutional investors. This IPO underscores continued investor appetite for Indian asset management and equity markets, even as other fund houses like ICICI Prudential AMC eye listings this year.