Speaking in front of the Economic Club of Chicago, Powell said that the Fed is well-positioned to “wait for greater clarity” before deciding on interest rate changes. 

“For the time being, we are well-positioned to wait for greater clarity before considering any adjustments to our policy stance,” Powell stated.

The two main goals of the Fed are to keep the prices stable while maximizing employment. It makes changes to its policy based on which goal it needs to achieve. However, the tariffs could jeopardize both goals at the same time, causing inflation to surge while slowing economic growth.

“We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension,” Powell added. “If that were to occur, we would consider how far the economy is from each goal, and the potentially different time horizons over which those respective gaps would be anticipated to close.”

The markets didn’t react positively to Powell’s remarks. The benchmarks S&P 500 slid by 120.93 points or 2.24% while tech-heavy Nasdaq Composite lost 516.01 points or 3.07%. The blue-chip Dow Jones Industrial Average went down by 700 points or 1.73%.

The post Fed to “Wait for Greater Clarity” Before Making Policy Adjustment Says Chair Jerome Powell appeared first on theprimarymarket.com.

The sell-off intensified on Wednesday after President Donald Trump introduced sweeping tariffs against major U.S. trade partners. It was further fueled on Friday after China responded with the introduction of 34% tariffs on all imports from the U.S.

The Dow Jones plunged by 5.50% or 2,231.07 points to close at 38,314.86. This was the first time ever that the index lost 1,500 points in back-to-back trading sessions. It is 7.41% down for the week and more than 14% down since its record high in December.

Nasdaq, on the other hand, lost 962.82 or 5.82% to end Friday’s session at 15,587.79. It slipped 8.55% for the week and has now lost roughly 23% from December’s all-time high. This puts it in the bear market territory, according to Wall Street’s definition.

The benchmark S&P 500 closed at 5,074.08 after a 322.44 or 5.97% dip. It is 8.21% down for the week and 17% down from February’s record.

Experts believe that the stock market is close to bottoming out but that the long-term consequences will be significant.

“While the market may be close to the bottom in the short-term, we are concerned about the impact of a global trade war on long-term economic growth,” Emily Bowersock Hill, the CEO of Bowersock Capital Partners, told CNBC in an interview.

The post Dow Jones Crashes More Than 2,200 Points, U.S. Stocks Endure Their Worst Week Since 2020 appeared first on theprimarymarket.com.

StubHub will offer shares of Class A common stock and intends to list it on the New York Stock Exchange under the ticker “STUB.” The company didn’t disclose how many shares it intends to offer or at which price. JPMorgan Chase and Goldman Sachs Group are among the banks that are leading the offering.

In its filing, StubHub said it had $8.7 billion in Gross Merchandise Sales, which represents the total dollar value that its users paid for ticket transactions, in the past year. It also shared various other information including that it sold more than 40 million tickets, had more than one million unique sellers, and attracted customers from 200 countries.

StubHub unveiled plans for an IPO last year, but didn’t proceed due to “unfavorable market conditions.” It also mulled going public directly in 2022, valuing itself at $13 billion according to reports.

StubHub connects buyers and sellers of tickets for live events including sports games, concerts, theater performances, and more. It was founded in 2000 and was one of the fastest-growing private companies in the United States by 2006. A year later, eBay acquired the company for $310 million. It changed ownership once again in 2020, when competing platform Viagogo, started by StubHub’s co-founder Eric Baker, bought it for $4.05 billion.

The post Ticketing Marketplace StubHub Files for IPO, Reveals Revenue of $1.77 Billion in 2024 appeared first on theprimarymarket.com.

According to the news release from S&P Dow Jones Indices, the four companies will start trading on the S&P 500 on Monday, March 24. They will replace Borgwarner, Teleflex, Celanese, and FMC, which will move to the S&P SmallCap 600.

In order for the companies to qualify for the S&P 500, they need to fulfill several conditions including a market cap of at least $20.5 billion, while meeting standards of profitability, liquidity, and share-float.

DoorDash stock closed at $178.08 per share on Friday for a market cap of $73.97 billion. It then jumped by 6.13% in after-market trading to trade at $189.00.

Williams-Sonoma had a market cap of $23.19 billion after its shares closed at $188.41 per share. The stock increased to $191.61 per share in extended trading.

Expand Energy stock jumped by 2.21% in the after-hours to settle at $98.15 per share. Its latest close price of $96.03 per share gave the company a $22.19 billion market capitalization.

The shares of TKO Group closed at $143.73 per share on Friday with a market cap of $24.54 billion before seeing a 2.62% jump in extended trading.

The post DoorDash and Williams-Sonoma Set to Join S&P 500, Stocks Surge appeared first on theprimarymarket.com.

The S&P 500 closed at a record 6,129.58 points on Tuesday before improving by another 14.57 points or 0.24% on Wednesday for a 6,144.15 close. The index also cleared its intra-day record, reaching 6,146.80 at one point.

Nasdaq soared to 20,097.73 in the afternoon before sliding to a modest gain of 14.99 points or 0.07% to close at 20,056.25. Dow Jones jumped by 71.25 or 0.16% to end the day at 44,627.59 points.

Investors are still waiting to see the full impact of the new tariff regulation that includes a 25% tariff on imports of steel and aluminum into the United States. Additionally, the new administration announced a reciprocal tariffs policy that could become effective in April.

Additionally, the markets are digesting the minutes from the Fed’s January meeting, which were released on Wednesday. According to the release, Federal Open Market Committee officials are waiting for “further progress on inflation” before thinking about adjusting interest rates.

“Many participants noted that the Committee could hold the policy rate at a restrictive level if the economy remained strong and inflation remained elevated, while several remarked that policy could be eased if labor market conditions deteriorated, economic activity faltered, or inflation returned to 2 percent more quickly than anticipated,” the released noted.

The post S&P 500 Closes At All-Time High for Second Straight Day, Nasdaq and Dow Jones Also Record Gains appeared first on theprimarymarket.com.

Alphabet reported $2.15 in earnings per share for Q4, slightly coming above the $2.13 in EPS expected by Wall Street. However, the company’s revenue of $96.47 billion, which marked a 12% year-over-year jump, came below analysts’ estimations of $96.56 billion.

Alphabet also recorded slower growth in a number of departments compared to the year prior. The advertising revenue from Google grew by 10.6% on a year-over-year basis compared to 11% growth last year, while YouTube advertising revenue went from 15.5% growth to 13.8%. Additionally, the company’s cloud unit recorded $11.96 billion in revenue, a miss compared to $12.19 billion expected by analysts.

Investors also took notice of Alphabet’s intention to invest $75 billion in 2025 as it looks to continue expanding its AI capabilities. Wall Street previously forecasted that the company will have $58.84 billion in capital expenditures for this year. This caused concerns that the significant spending on AI will take time to pay off, hampering the company’s performance in the near future.

The shares of Alphabet sank by 7.29% on Wednesday to close at $191.33 per share. The stock now has a modest gain of 1% from the beginning of 2025.

The post Alphabet’s Stock Sinks on Missed Revenue, AI Spending appeared first on theprimarymarket.com.

According to Bloomberg, a group of bankers led by Morgan Stanley contacted investors ahead of the planned sale that could take place as soon as next week. Morgan Stanley was one of the banks that lent Musk the money to complete the $44 billion buyout of X in 2022, along with Bank of America and Barclays.

They’re reportedly expecting to get 90 to 95 cents on the dollar, after contacting a small group of investors to assess their interest in the buyout. This marks the bank’s latest attempt to rid themselves of $13 billion of debt tied to Musk’s purchase of X, following a recent offload of about $1 billion to multiple investors in a private transaction.

X faced many changes since Musk took control of the social media platform in 2022, from the name change to massive layoffs that impacted thousands of people. The banks’ past attempts to sell the debt associated with the Twitter buyout led to significant losses, but there’s growing optimism surrounding the social media platform after Musk was appointed the Administrator of the Department of Government Efficiency in the U.S. Government.

The post Wall Street Banks Reportedly Gearing Up to Sell $3 Billion in X Loans appeared first on theprimarymarket.com.

Bitcoin soared nearly 60% in value since Trump won the presidential election back in November and pledged to make the US “the crypto capital of the planet.” Bitcoin surpassed $100,000 for the first time in early December and hit a new high on the Inauguration Day, rising to over $109,000.

Gracy Chen, CEO of crypto exchange Bitget, addressed the Bitcoin surge in an interview with CNBC, and said that the “rumors that cryptocurrency may be declared a national interest by the United States during the inauguration are having a positive effect on the price of bitcoin.”

That moment never came, and Bitcoin dropped 5% from its all-time high after there was no mention of crypto in Trump’s inauguration speech. The Inauguration Day hasn’t been kind on the dollar either, and we’ve watched it tumble after the new administration shied away from imposing new trade tariffs on the first day in office.

The post Bitcoin Surged to All-Time High of $109,000 on Inauguration Day appeared first on theprimarymarket.com.

According to Bloomberg, Honeywell intends to split its operations into one company that will focus on automation and another that will deal in the aerospace and defense sector. The finer details of the split have yet to be finalized by the company’s board, although the expectation is that Honeywell officially confirms the news upon sharing its fourth-quarter earnings in February.

Honeywell started pondering a break up in December, shortly after Elliott amassed more than a $5 billion-worth stake in the company. Elliott has since been pushing the company to streamline its operations and rework its portfolio and reportedly believes a split into two companies is the best path forward.

At the time, Elliott stated that the company needs to make decisive steps in order to “realize its full potential.” Analysts are also looking favorably towards a split, especially since Honeywell’s aerospace and defense unit has the potential to be valued at approximately $90 billion to $120 billion as a standalone business. Honeywell currently has a market cap of $142.72 billion.

The news about a potential breakup sent Honeywell’s shares almost 4% up at one point on Monday before the stock gave up most of its gains later in the session. At $219.59 per share, the stock is down 3.55% from the start of 2025.

The post Honeywell Plans to Split Up Amid Pressure From Activist Investor Elliott appeared first on theprimarymarket.com.

In his keynote, Huang delivered an update on several of Nvidia’s upcoming products. This included a series of new graphics processing units (GPUs), which use the same design as the company’s highly-touted Blackwell artificial intelligence chips. These GPUs will use AI to afford better performance in video games.

Additionally, Nvidia is preparing a supercomputer from its Project Digits. It will be equipped with a GB10 AI super chip and capable of running large AI models. This supercomputer, which is sized to fit on a desk, will cost $3,000 when it comes out in May.

Huang also discussed Nvidia’s additional plans for AI, robotics projects, and ventures into the autonomous vehicle sector.

Despite the upcoming lineup of Nvidia’s products causing buzz among consumers, the investors were not particularly impressed. After reaching an all-time high of $153.09 per share early on Tuesday, the company’s stock slumped by 6.22% and closed at $140.14 per share. The stock is now 3.10% up year-to-date. 

The post Nvidia’s Stock Reaches Record High Before Reversing Course After CES Presentation appeared first on theprimarymarket.com.

Speaking in front of the Economic Club of Chicago, Powell said that the Fed is well-positioned to “wait for greater clarity” before deciding on interest rate changes. 

“For the time being, we are well-positioned to wait for greater clarity before considering any adjustments to our policy stance,” Powell stated.

The two main goals of the Fed are to keep the prices stable while maximizing employment. It makes changes to its policy based on which goal it needs to achieve. However, the tariffs could jeopardize both goals at the same time, causing inflation to surge while slowing economic growth.

“We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension,” Powell added. “If that were to occur, we would consider how far the economy is from each goal, and the potentially different time horizons over which those respective gaps would be anticipated to close.”

The markets didn’t react positively to Powell’s remarks. The benchmarks S&P 500 slid by 120.93 points or 2.24% while tech-heavy Nasdaq Composite lost 516.01 points or 3.07%. The blue-chip Dow Jones Industrial Average went down by 700 points or 1.73%.

The post Fed to “Wait for Greater Clarity” Before Making Policy Adjustment Says Chair Jerome Powell appeared first on theprimarymarket.com.

The sell-off intensified on Wednesday after President Donald Trump introduced sweeping tariffs against major U.S. trade partners. It was further fueled on Friday after China responded with the introduction of 34% tariffs on all imports from the U.S.

The Dow Jones plunged by 5.50% or 2,231.07 points to close at 38,314.86. This was the first time ever that the index lost 1,500 points in back-to-back trading sessions. It is 7.41% down for the week and more than 14% down since its record high in December.

Nasdaq, on the other hand, lost 962.82 or 5.82% to end Friday’s session at 15,587.79. It slipped 8.55% for the week and has now lost roughly 23% from December’s all-time high. This puts it in the bear market territory, according to Wall Street’s definition.

The benchmark S&P 500 closed at 5,074.08 after a 322.44 or 5.97% dip. It is 8.21% down for the week and 17% down from February’s record.

Experts believe that the stock market is close to bottoming out but that the long-term consequences will be significant.

“While the market may be close to the bottom in the short-term, we are concerned about the impact of a global trade war on long-term economic growth,” Emily Bowersock Hill, the CEO of Bowersock Capital Partners, told CNBC in an interview.

The post Dow Jones Crashes More Than 2,200 Points, U.S. Stocks Endure Their Worst Week Since 2020 appeared first on theprimarymarket.com.

StubHub will offer shares of Class A common stock and intends to list it on the New York Stock Exchange under the ticker “STUB.” The company didn’t disclose how many shares it intends to offer or at which price. JPMorgan Chase and Goldman Sachs Group are among the banks that are leading the offering.

In its filing, StubHub said it had $8.7 billion in Gross Merchandise Sales, which represents the total dollar value that its users paid for ticket transactions, in the past year. It also shared various other information including that it sold more than 40 million tickets, had more than one million unique sellers, and attracted customers from 200 countries.

StubHub unveiled plans for an IPO last year, but didn’t proceed due to “unfavorable market conditions.” It also mulled going public directly in 2022, valuing itself at $13 billion according to reports.

StubHub connects buyers and sellers of tickets for live events including sports games, concerts, theater performances, and more. It was founded in 2000 and was one of the fastest-growing private companies in the United States by 2006. A year later, eBay acquired the company for $310 million. It changed ownership once again in 2020, when competing platform Viagogo, started by StubHub’s co-founder Eric Baker, bought it for $4.05 billion.

The post Ticketing Marketplace StubHub Files for IPO, Reveals Revenue of $1.77 Billion in 2024 appeared first on theprimarymarket.com.

According to the news release from S&P Dow Jones Indices, the four companies will start trading on the S&P 500 on Monday, March 24. They will replace Borgwarner, Teleflex, Celanese, and FMC, which will move to the S&P SmallCap 600.

In order for the companies to qualify for the S&P 500, they need to fulfill several conditions including a market cap of at least $20.5 billion, while meeting standards of profitability, liquidity, and share-float.

DoorDash stock closed at $178.08 per share on Friday for a market cap of $73.97 billion. It then jumped by 6.13% in after-market trading to trade at $189.00.

Williams-Sonoma had a market cap of $23.19 billion after its shares closed at $188.41 per share. The stock increased to $191.61 per share in extended trading.

Expand Energy stock jumped by 2.21% in the after-hours to settle at $98.15 per share. Its latest close price of $96.03 per share gave the company a $22.19 billion market capitalization.

The shares of TKO Group closed at $143.73 per share on Friday with a market cap of $24.54 billion before seeing a 2.62% jump in extended trading.

The post DoorDash and Williams-Sonoma Set to Join S&P 500, Stocks Surge appeared first on theprimarymarket.com.

The S&P 500 closed at a record 6,129.58 points on Tuesday before improving by another 14.57 points or 0.24% on Wednesday for a 6,144.15 close. The index also cleared its intra-day record, reaching 6,146.80 at one point.

Nasdaq soared to 20,097.73 in the afternoon before sliding to a modest gain of 14.99 points or 0.07% to close at 20,056.25. Dow Jones jumped by 71.25 or 0.16% to end the day at 44,627.59 points.

Investors are still waiting to see the full impact of the new tariff regulation that includes a 25% tariff on imports of steel and aluminum into the United States. Additionally, the new administration announced a reciprocal tariffs policy that could become effective in April.

Additionally, the markets are digesting the minutes from the Fed’s January meeting, which were released on Wednesday. According to the release, Federal Open Market Committee officials are waiting for “further progress on inflation” before thinking about adjusting interest rates.

“Many participants noted that the Committee could hold the policy rate at a restrictive level if the economy remained strong and inflation remained elevated, while several remarked that policy could be eased if labor market conditions deteriorated, economic activity faltered, or inflation returned to 2 percent more quickly than anticipated,” the released noted.

The post S&P 500 Closes At All-Time High for Second Straight Day, Nasdaq and Dow Jones Also Record Gains appeared first on theprimarymarket.com.

Alphabet reported $2.15 in earnings per share for Q4, slightly coming above the $2.13 in EPS expected by Wall Street. However, the company’s revenue of $96.47 billion, which marked a 12% year-over-year jump, came below analysts’ estimations of $96.56 billion.

Alphabet also recorded slower growth in a number of departments compared to the year prior. The advertising revenue from Google grew by 10.6% on a year-over-year basis compared to 11% growth last year, while YouTube advertising revenue went from 15.5% growth to 13.8%. Additionally, the company’s cloud unit recorded $11.96 billion in revenue, a miss compared to $12.19 billion expected by analysts.

Investors also took notice of Alphabet’s intention to invest $75 billion in 2025 as it looks to continue expanding its AI capabilities. Wall Street previously forecasted that the company will have $58.84 billion in capital expenditures for this year. This caused concerns that the significant spending on AI will take time to pay off, hampering the company’s performance in the near future.

The shares of Alphabet sank by 7.29% on Wednesday to close at $191.33 per share. The stock now has a modest gain of 1% from the beginning of 2025.

The post Alphabet’s Stock Sinks on Missed Revenue, AI Spending appeared first on theprimarymarket.com.

According to Bloomberg, a group of bankers led by Morgan Stanley contacted investors ahead of the planned sale that could take place as soon as next week. Morgan Stanley was one of the banks that lent Musk the money to complete the $44 billion buyout of X in 2022, along with Bank of America and Barclays.

They’re reportedly expecting to get 90 to 95 cents on the dollar, after contacting a small group of investors to assess their interest in the buyout. This marks the bank’s latest attempt to rid themselves of $13 billion of debt tied to Musk’s purchase of X, following a recent offload of about $1 billion to multiple investors in a private transaction.

X faced many changes since Musk took control of the social media platform in 2022, from the name change to massive layoffs that impacted thousands of people. The banks’ past attempts to sell the debt associated with the Twitter buyout led to significant losses, but there’s growing optimism surrounding the social media platform after Musk was appointed the Administrator of the Department of Government Efficiency in the U.S. Government.

The post Wall Street Banks Reportedly Gearing Up to Sell $3 Billion in X Loans appeared first on theprimarymarket.com.

Bitcoin soared nearly 60% in value since Trump won the presidential election back in November and pledged to make the US “the crypto capital of the planet.” Bitcoin surpassed $100,000 for the first time in early December and hit a new high on the Inauguration Day, rising to over $109,000.

Gracy Chen, CEO of crypto exchange Bitget, addressed the Bitcoin surge in an interview with CNBC, and said that the “rumors that cryptocurrency may be declared a national interest by the United States during the inauguration are having a positive effect on the price of bitcoin.”

That moment never came, and Bitcoin dropped 5% from its all-time high after there was no mention of crypto in Trump’s inauguration speech. The Inauguration Day hasn’t been kind on the dollar either, and we’ve watched it tumble after the new administration shied away from imposing new trade tariffs on the first day in office.

The post Bitcoin Surged to All-Time High of $109,000 on Inauguration Day appeared first on theprimarymarket.com.

According to Bloomberg, Honeywell intends to split its operations into one company that will focus on automation and another that will deal in the aerospace and defense sector. The finer details of the split have yet to be finalized by the company’s board, although the expectation is that Honeywell officially confirms the news upon sharing its fourth-quarter earnings in February.

Honeywell started pondering a break up in December, shortly after Elliott amassed more than a $5 billion-worth stake in the company. Elliott has since been pushing the company to streamline its operations and rework its portfolio and reportedly believes a split into two companies is the best path forward.

At the time, Elliott stated that the company needs to make decisive steps in order to “realize its full potential.” Analysts are also looking favorably towards a split, especially since Honeywell’s aerospace and defense unit has the potential to be valued at approximately $90 billion to $120 billion as a standalone business. Honeywell currently has a market cap of $142.72 billion.

The news about a potential breakup sent Honeywell’s shares almost 4% up at one point on Monday before the stock gave up most of its gains later in the session. At $219.59 per share, the stock is down 3.55% from the start of 2025.

The post Honeywell Plans to Split Up Amid Pressure From Activist Investor Elliott appeared first on theprimarymarket.com.

In his keynote, Huang delivered an update on several of Nvidia’s upcoming products. This included a series of new graphics processing units (GPUs), which use the same design as the company’s highly-touted Blackwell artificial intelligence chips. These GPUs will use AI to afford better performance in video games.

Additionally, Nvidia is preparing a supercomputer from its Project Digits. It will be equipped with a GB10 AI super chip and capable of running large AI models. This supercomputer, which is sized to fit on a desk, will cost $3,000 when it comes out in May.

Huang also discussed Nvidia’s additional plans for AI, robotics projects, and ventures into the autonomous vehicle sector.

Despite the upcoming lineup of Nvidia’s products causing buzz among consumers, the investors were not particularly impressed. After reaching an all-time high of $153.09 per share early on Tuesday, the company’s stock slumped by 6.22% and closed at $140.14 per share. The stock is now 3.10% up year-to-date. 

The post Nvidia’s Stock Reaches Record High Before Reversing Course After CES Presentation appeared first on theprimarymarket.com.