Month: February 2026
Hedge funds made $24 billion shorting software stocks so far in 2026 — And they are increasing the bet
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Jan. 28, 2026. Brendan Mcdermid | Reuters Hedge funds are increasing their short bets against software stocks, contributing to the brutal sell-off in the space so far this year, according to sources at two major funds on Wall […]
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Supreme Court allows new California congressional districts that favor Democrats
California Governor Gavin Newsom, along with local congressional representatives, state officials and supporters, speaks as he announces the redrawing of California’s congressional maps, calling on voters to approve a ballot measure, in response to a similar move in Texas being supported by U.S. President Donald Trump, in Los Angeles, California, U.S., August 14, 2025. Mike […]
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Bitcoin bleeds for second straight day, nearly grazes $72,000
Bitcoin signage in Times Square in New York, US, on Tuesday, Dec. 9, 2025. Michael Nagle | Bloomberg | Getty Images Bitcoin nearly touched the $72,000 mark on Wednesday, marking the second straight day of its massive retreat this week. The world’s oldest cryptocurrency sank as low as $72,096.20, plunging more than 5% on the day. […]
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Software stocks are selling off, but this big name may be worth another look, charts show
Software stocks have been in the headlines lately for all the wrong reasons — namely the iShares Expanded Tech-Software Sector ETF (IGV) . Of course, IGV is driven by its holdings, and its largest component is a name we know well: Microsoft (MSFT) . The stock has fallen roughly 26% from the intraday high reached on Oct. 28 to […]
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Senate Banking Chair Tim Scott believes Fed Chair Powell committed no crime in testimony
Senator Tim Scott, a Republican from South Carolina and chairman of Senate Banking, Housing, and Urban Affairs Committee, during a confirmation hearing in Washington, DC, US, on Thursday, Oct. 30, 2025. Eric Lee | Bloomberg | Getty Images Sen. Tim Scott, R-S.C., said Wednesday he does not think Federal Reserve Chairman Jerome Powell committed any […]
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Man who tried to shoot Trump at a Florida golf course gets life in prison
Ryan W. Routh, suspected of attempting to assassinate Republican presidential nominee and former U.S. President Donald Trump at his West Palm Beach golf course, stands handcuffed after his arrest during a traffic stop near Palm City, Florida, U.S., September 15, 2024. Martin County Sheriff’s Office | Via Reuters A man convicted of trying to assassinate President Donald […]
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Sandberg, other Meta vets invest in AI workplace communications startup
Slashwork founders Jackson Gabbard, Dave Miller and Josh Watzman. Courtesy: Slashwork Two years after Meta announced it was shuttering its Workplace enterprise business, a band of former engineers at the social media company is launching a new corporate communication platform. Slashwork, as the startup is called, on Wednesday announced that it has raised $3.5 million […]
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Corporate DEI index sees 65% drop in participation from Fortune 500 companies
People hold flags outside the US Supreme Court on December 4, 2024 in Washington, DC, during oral argument on whether states can ban certain gender transition medical treatments for young people. Roberto Schmidt | AFP | Getty Images New research from the LGBTQ+ group Human Rights Campaign showed a drastic drop in Fortune 500 companies […]
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U.S. plans critical mineral price floors with Mexico, EU and Japan
The United States is developing plans with Mexico, the European Union and Japan to implement minimum prices for critical minerals, the U.S. trade representative said Wednesday. The Trump administration is exploring a partnership with Mexico on critical minerals as part of a scheduled review of the United States-Mexico-Canada trade agreement, or USMCA, by July 1. […]
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Jim Cramer says the software sell-off creates opportunities in stocks outside of tech
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. Stocks were attempting to shake off continued fears that AI disruption could undermine traditional enterprise software companies. Some of the high-multiple names hit hardest in recent sessions, including Club […]
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