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FILTERED RESULTS
Elon Musk Teases Grok Plugins for Microsoft Excel, Word, PowerPoint With xAI Demo: Here's What Grok Can Do For You
China’s yuan fixing is set at its weakest point since April 13, according to the PBOC....
Emerging-Market Stocks Erase War Losses on AI Optimism
South Korea Focuses on India and Vietnam for Trade and Technology Cooperation
Taiwan's Stock Index Reaches Record High
China does have one powerful lever to boost consumption-FT...
South Korea’s currency slides as much as 1.3% to 1,479.50 per dollar....
The South Korean KOSPI (.KS11) advances as much as 1.1% to 6,257.36, the highest since February...
China's AI Models Drive Stock Market Gains
Taiwan's Overnight Interbank Rate Remains Steady at 0.805%
Indonesia's Mining Regulations Affect Commodity Value Chain
Former US Ambassador: Trump May End Iran Ceasefire Soon
The overnight interbank rate in Taiwan opens at 0.805%, unchanged versus the previous session’s...
World weighs fate of Mideast ceasefire after US seizes Iranian cargo ship
Canada's Prime Minister Calls for Trade Diversification Amid Rising US Tariffs
Tesla Expands Focus Beyond Automotive Sales
China's Yuan Fixing Reaches Weakest Level Since April
Asian Currencies Decline Amid Geopolitical Tensions
The PBOC maintains the 1-year LPR at 3.00%, unchanged from last month....
Rising US–Iran tensions put slight pressure on the Japanese yen, nudging it lower....
Exclusive-EU to push for jet fuel diversification as Iran war threatens supply
TRUMP ANNOUNCES US SEIZURE OF IRANIAN SHIP IN GULF OF OMAN DURING BLOCKADE-CNBC...
Market Gaps Show Mixed Recovery on Monday Morning
China's Central Bank Sets Yuan Reference Rate at 6.8648
China keeps loan prime rate unchanged for 11th month in April
China leaves lending benchmarks unchanged for 11th month in April
Dow Futures Sink Over 450 Points, Oil Reaches $90 Again; Trump Says Marines Took Custody Of Iranian Ship, Tehran Rejects Negotiations
Bank of Korea’s Outgoing Governor Flags Limits to Policy Tools
AFTER TEHRAN REJECTS NEW TALKS WITH WASHINGTON, PAKISTAN TELLS IRAN: WE REMAIN COMMITTED TO OUR...
Asian Hedge Funds Experience Significant Losses Amid Iran Conflict
US UN AMBASSADOR WALTZ: IRANIAN GOVT IN DISARRAY DUE TO AMERICAN STRIKES; PRESIDENT TRUMP ALONE...
India to tighten online content rules, likely reshaping creator economy-NA...
PBOC Sets Yuan Reference Rate at 6.8648 Against the Dollar
Intuitive Surgical Stock Performance Under Scrutiny Amid Robotic Surgery Developments
Lindian Resources Secures Fixed-Price Diesel for Kangankunde Project
Colgate-Palmolive Announces Leadership Transition and Settlement Over Marketing Practices
Air Products Showcases Hydrogen Technologies at Canadian Hydrogen Convention
Global Payments Sees Share Price Increase Amid Mixed Performance
Airlines Reduce Flight Schedules Amid High Jet Fuel Prices
IonQ Shares Surge 60% Following Nvidia Product Launch
Xanadu Quantum Technologies Sees 237% Surge Amid Quantum Stock Interest
BitGo Nominated for Best Stablecoin Infrastructure Leader at BeInCrypto 100 Institutional Awards
Major Oil Companies Invest Billions in Global Exploration Amid Middle East Turmoil
US Seizes Iranian Ship in Gulf of Oman Amid Ongoing Tensions
Japanese Yen Declines Amid US-Iran Tensions
The yield on the 5-year Japanese government bond eased by 1.5 basis points to 1.82%....
Australia’s NEXTDC to raise A$2.2 bln as data centre demand surges
SK Hynix begins mass production of memory module for Nvidia Vera Rubin
China Clean Tech Exports Jump as Iran War Spurs Demand
'Big Short' Legend Steve Eisman Says Buying Software Stocks Is 'Just Like Catching A Falling Knife'
Steve Eisman, the investor made famous by “The Big Short,” compared the current enterprise software selloff to the financial sector during the 2008 crisis on his podcast this week.
The difference: nothing has actually broken yet.
“I’ve never seen a group that literally goes down when they report good numbers, when they report bad numbers, and then when they report any numbers,” he said.
Valuations Cut In Half
Baird software analyst Rob Oliver told Eisman the average price-to-sales multiple across his coverage has fallen from roughly 6.5x to 3.5x next-12-month revenues. For the first time in memory, the group trades at a deep discount to the S&P 500.
Salesforce (NYSE:CRM) sits around $174, down over 50% from its December 2024 all-time high near $364, trading at roughly 12 times free cash flow.
Adobe (NASDAQ:ADBE) has dropped to about 9 times free cash flow.
ServiceNow (NYSE:NOW) reported 21% Q4 revenue growth, watched the stock drop 10% on the print, ...
Source: Benzinga