What we’re reading (3/18)
“Stock Market Today: Nasdaq Leads Stocks Lower, Nvidia Falls Over 3% As Tech Rout Resumes Ahead Of Fed Decision” (Yahoo! Finance). “US stocks pulled back on Tuesday, led by a nearly 2% decline in the Nasdaq, following two days of gains as investors concerned about an economic slowdown looked to the Federal Reserve's policy meeting for insights.”
“Slower Economic Growth Is Likely Ahead With Risk Of A Recession Rising, According To The CNBC Fed Survey” (CNBC). “Respondents to the March CNBC Fed Survey have raised the risk of recession to the highest level in six months, cut their growth forecast for 2025 and hiked their inflation outlook. Much of the change appears to stem from concern over fiscal policies from the Trump administration, especially tariffs, which are now seen by them as the top threat to the U.S. economy, replacing inflation. The outlook for the S&P 500 declined for the first time since September.”
“Leaked Memo: Inside JPMorgan’s RTO Plan For Its Largest Office” (Business Insider). “The bank told workers of its Polaris campus in Columbus, Ohio — a tech hub that houses roughly 12,000 employees — to return to the office five days a week beginning April 21, according to an internal memo viewed by BI.”
“Google’s $32 Billion Wiz Deal Is A Natsec Gamble” (Semafor). “Call it an act of Wiz-ardry: a dead deal has come back to life, with a $9 billion bump. Google will buy cybersecurity startup Wiz for $32 billion, its largest acquisition and a signal that the M&A market isn’t so dead for the right kind of company.”
“The Last Decision By The World’s Leading Thinker On Decisions” (Wall Street Journal). “Kahneman was one of the world’s most influential thinkers—a psychologist at Princeton University, winner of the Nobel Prize in economics and author of the international blockbuster “Thinking, Fast and Slow,” first published in 2011. He had spent his long career studying the imperfections and inconsistencies of human decision-making. By most accounts—although not his own—Kahneman was still in reasonably good physical and mental health when he chose to die.”
