Kerim Karakaya and Selcuk Gokoluk discuss how some emerging market funds are betting on interest rate cuts and a rebound in beaten-down debt securities as they believe central banks will be forced to insulate economies from the war-induced growth shock.
Kerim Karakaya and Selcuk Gokoluk discuss how some emerging market funds are betting on interest rate cuts and a rebound in beaten-down debt securities as they believe central banks will be forced to insulate economies from the war-induced growth shock.
Wachiwit/iStock via Getty Images Shares of technology behemoth Microsoft Corporation ( MSFT ) are down 36% from their all-time high set in late July 2025 as the oft-stated fears about ROI from its ever-expanding AI spend weigh. The stock is down just over 26% here in 2026 year-to-date. The worst start to a year for Mr. Softie since 2008, in front of the Great Financial Crisis, it should be noted. ...
Wachiwit/iStock via Getty Images Shares of technology behemoth Microsoft Corporation ( MSFT ) are down 36% from their all-time high set in late July 2025 as the oft-stated fears about ROI from its ever-expanding AI spend weigh. The stock is down just over 26% here in 2026 year-to-date. The worst start to a year for Mr. Softie since 2008, in front of the Great Financial Crisis, it should be noted. MSFT Stock Chart (Seeking Alpha) Despite an 11% increase in FY26 consensus earnings since June 2025, its stock is trading at the largest discount to its 200-day moving average since 2008, punctuating the negative sentiment. Trading at a forward PE of 21.3 with earnings expected to grow at a 17.6% CAGR FY25-FY30 and remaining performance obligations of $625 billion, the selloff in Microsoft merited a deeper dive. An analysis follows below. As most already know, Microsoft Corporation is a Redwood, Washington-based technology concern focused on home and office software, cloud computing services through Azure, gaming, consumer electronics, and business solutions that include enterprise resource planning (ERP), customer relationship management (CRM), and human resources management. The company has integrated AI across its product portfolio, with AI assistant Copilot a part of its Microsoft Office 365 and Azure offerings. Microsoft was founded in 1975 and went public in 1986, raising gross proceeds of $61 million at $0.07 per share, after giving effect to seven 2-for-1 and two 3-for-2 stock splits—the last one occurring in 2003. Its stock closed the March 27, 2026 trading session at $356.15 per share, translating to a market cap of just over $2.6 trillion. The company operates on a fiscal year (FY) ending June 30th. For the avoidance of doubt, the 12 months ending June 30, 2025 is FY25. Operating Segments Microsoft views its performance through three operating segments: Productivity and Business Processes (PBP); Intelligent Cloud; and More Personal Computing. PBP includes Microso...
Wachiwit/iStock via Getty Images Shares of technology behemoth Microsoft Corporation ( MSFT ) are down 36% from their all-time high set in late July 2025 as the oft-stated fears about ROI from its ever-expanding AI spend weigh. The stock is down just over 26% here in 2026 year-to-date. The worst start to a year for Mr. Softie since 2008, in front of the Great Financial Crisis, it should be noted. ...
Wachiwit/iStock via Getty Images Shares of technology behemoth Microsoft Corporation ( MSFT ) are down 36% from their all-time high set in late July 2025 as the oft-stated fears about ROI from its ever-expanding AI spend weigh. The stock is down just over 26% here in 2026 year-to-date. The worst start to a year for Mr. Softie since 2008, in front of the Great Financial Crisis, it should be noted. MSFT Stock Chart (Seeking Alpha) Despite an 11% increase in FY26 consensus earnings since June 2025, its stock is trading at the largest discount to its 200-day moving average since 2008, punctuating the negative sentiment. Trading at a forward PE of 21.3 with earnings expected to grow at a 17.6% CAGR FY25-FY30 and remaining performance obligations of $625 billion, the selloff in Microsoft merited a deeper dive. An analysis follows below. As most already know, Microsoft Corporation is a Redwood, Washington-based technology concern focused on home and office software, cloud computing services through Azure, gaming, consumer electronics, and business solutions that include enterprise resource planning (ERP), customer relationship management (CRM), and human resources management. The company has integrated AI across its product portfolio, with AI assistant Copilot a part of its Microsoft Office 365 and Azure offerings. Microsoft was founded in 1975 and went public in 1986, raising gross proceeds of $61 million at $0.07 per share, after giving effect to seven 2-for-1 and two 3-for-2 stock splits—the last one occurring in 2003. Its stock closed the March 27, 2026 trading session at $356.15 per share, translating to a market cap of just over $2.6 trillion. The company operates on a fiscal year (FY) ending June 30th. For the avoidance of doubt, the 12 months ending June 30, 2025 is FY25. Operating Segments Microsoft views its performance through three operating segments: Productivity and Business Processes (PBP); Intelligent Cloud; and More Personal Computing. PBP includes Microso...
Aluminum prices on the London Metal Exchange surged 6% on Monday, approaching four-year highs, following weekend Iranian attacks that damaged the Middle East’s two largest producers of the metal. Benchmark LME three-month aluminium rose to $3,492 per metric ton, the highest since March 19, at the start of trading as Gulf smelters Emirates Global Aluminium and Aluminium Bahrain assess damage to ...
Aluminum prices on the London Metal Exchange surged 6% on Monday, approaching four-year highs, following weekend Iranian attacks that damaged the Middle East’s two largest producers of the metal. Benchmark LME three-month aluminium rose to $3,492 per metric ton, the highest since March 19, at the start of trading as Gulf smelters Emirates Global Aluminium and Aluminium Bahrain assess damage to their facilities from the strikes, Reuters reported. A break above $3,546.50 from March 12 would open the way to peaks last seen during the depth of the Covid era in 2022. Aluminium Bahrain, which runs one of the world's largest smelters, said on Sunday it was assessing the damage following Iranian strikes on the facility. Most Gulf aluminium producers, which account for about 9% of global supply, have been unable to ship to world markets via their normal channels since the U.S.-Israeli war on Iran began due to Tehran's effective closure of the Strait of Hormuz, the report said. Shares in Australian-listed alumina producers also rallied, with Rio Tinto ( RIO ) up more than 2% and South32 ( SOUHY ) up almost 7%. More on Aluminum Futures Commodities: LNG Supply Disruptions Now A Long-Term Problem As Iran Hits Qatari Facilities Commodities: Brent Consolidates Above $100 As Disruptions Persist Gulf Smelter Cuts Tighten Aluminum Outlook Alcoa plunges as LME aluminum futures post biggest drop since 2018 Aluminum stocks in focus as prices rise after major smelter cuts output
Bond yields are falling as focus turns to the growth risks from a protracted conflict in the Middle East conflict and expectations for higher interest rates cool. Bloomberg's Morwenna Coniam joined "The Opening Trade" to discuss. (Source: Bloomberg)
Bond yields are falling as focus turns to the growth risks from a protracted conflict in the Middle East conflict and expectations for higher interest rates cool. Bloomberg's Morwenna Coniam joined "The Opening Trade" to discuss. (Source: Bloomberg)
Gunmen killed at least a dozen people in Jos, the capital of Nigeria’s restive Plateau state, sparking retaliation from a mob that killed 10 more, locals said on Monday. Plateau state, in central Nigeria’s Middle Belt region, experiences recurring violence in the countryside, mostly linked to land disputes between farmers and herders. Jos has seen bouts of sectarian violence in the past, but deadl...
Gunmen killed at least a dozen people in Jos, the capital of Nigeria’s restive Plateau state, sparking retaliation from a mob that killed 10 more, locals said on Monday. Plateau state, in central Nigeria’s Middle Belt region, experiences recurring violence in the countryside, mostly linked to land disputes between farmers and herders. Jos has seen bouts of sectarian violence in the past, but deadly, mass casualty attacks in the crowded city have been rare in recent years. At least 12 people were...
The amount of your Social Security checks comes down to two factors: your earnings history and the age at which you claim benefits. But thankfully for some people who may have inconsistent or short work histories, there's a chance to also receive benefits by claiming based on your spouse's earnings history. There are currently over 2 million people receiving Social Security spousal benefits , with...
The amount of your Social Security checks comes down to two factors: your earnings history and the age at which you claim benefits. But thankfully for some people who may have inconsistent or short work histories, there's a chance to also receive benefits by claiming based on your spouse's earnings history. There are currently over 2 million people receiving Social Security spousal benefits , with many of them younger than their full retirement age (67 for people born in 1960 or later). However, as with standard benefits, there's a trade-off to consider when claiming spousal benefits early, and it may not be in everyone's best interest. Continue reading
Is the stock market in correction territory? It depends on what you mean by stock market. The Dow Jones Industrial Average (DJINDICES: ^DJI) and the Nasdaq Composite Index (NASDAQINDEX: ^IXIC) are indeed in correction. But, perhaps surprisingly, the S&P 500 (SNPINDEX: ^GSPC) isn't (at least as of the market close on Friday, March 27, 2026). Over the last few years, the so-called "Magnificent Seven...
Is the stock market in correction territory? It depends on what you mean by stock market. The Dow Jones Industrial Average (DJINDICES: ^DJI) and the Nasdaq Composite Index (NASDAQINDEX: ^IXIC) are indeed in correction. But, perhaps surprisingly, the S&P 500 (SNPINDEX: ^GSPC) isn't (at least as of the market close on Friday, March 27, 2026). Over the last few years, the so-called "Magnificent Seven" stocks have fueled the S&P 500's impressive gains. However, all seven stocks have plunged by double-digit percentages year to date. If the Magnificent Seven isn't preventing the S&P 500 from slipping into correction territory, which stocks are? Five stocks especially stand out. Continue reading