Traders are watching $1.38 support and $1.42 resistance as compression points to a potential move.
BUSINESS
Trump Fires A New 1 Billion Dollar Missile At Offshore Wind Energy
But renewable energies are cost-competitive and will continue to play a key role in the buildout of new power generation in the U.S.
Amazon is selling a 36-drawer organizer for just $39 with over 12,000 5-star ratings
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealSifting through the junk drawer for that one size of screw you need, looking high and low for your battery box, or spending forever looking for your measuring tape; having your items out and about with no organization can make it difficult and time-consuming to complete any projects. Knowing where your items are can help save time by not having to search, and it can also help keep you on track during your next big home project. Having a home for all of your tools, DIY items, and crafting supplies can also keep them clean and help them last longer, preventing damage, scuffing, and accidents. If your screws, tools, paint, or even fishing gear need a better place to stay, the Iris USA 36-Drawer Organizer offers storage that can keep everything organized. The 36-drawer size is on sale for just $39, making it a great alternative to throwing everything in a drawer or a box. Shoppers can save 10% on this useful organizational tool ahead of Amazon’s Big Spring Sale. Iris USA 36-Drawer Organizer, $39 (was $44) at Amazon
Courtesy of Amazon
Shop at AmazonWhy do shoppers love it?The drawers provide ample space, while also offering a clear design to see all of your items without having to open every drawer up until you find what you need. The clear plastic drawers can also be labeled for quick and clear access, allowing you to put your items back in the same spot after you’re finished with your project. The material is also easy to clean out in case of grease spills, paint, or other accidents. The cabinet also has drawer stoppers to prevent them from sliding out all the way by accident, but each drawer can be lifted out over the stopper if you need to bring the whole drawer of items with you.Related: Craftsman’s 8-compartment organizer is on sale for just $20 ahead of Amazon’s Big Spring SaleThe 36-drawer set offers 32 small drawers that measure 2 inches wide, 1.5 inches tall, and 6.25 inches long, making them great for screws, thread, drill bits, fishing lures, buttons, nail polish, and so much more. It also features four large drawers that measure 8.25 inches wide, 3.25 inches tall, and 6.25 inches long, offering space for screwdrivers, painting supplies, safety gear, pencils, and more. The whole box measures 7 inches deep, 19.5 inches wide, and 15.5 inches tall, providing ample organization while also being small enough to fit on the garage shelving unit or in a cupboard. It also looks tidy enough to sit on the desktop or your workspace, and it can even be wall-mounted. Shoppers can choose from black or white. Details to knowStorage: The 36-drawer set offers 32 small drawers that measure 2 inches wide, 1.5 inches tall, and 6.25 inches long, and four large drawers that measure 8.25 inches wide, 3.25 inches tall, and 6.25 inches long.Material: The clear plastic drawers allow you to easily see what’s inside. Size: The whole box measures 7 inches deep, 19.5 inches wide, and 15.5 inches tall, offering great storage space that fits easily on shelves or in cabinets. “We were one of ‘those’ people who have several ‘junk drawers’ and things all over the place,” said one reviewer. “Now it is no longer a nightmare to find things. We love just going to the garage and finding exactly what we need. The drawers are clear enough that you can see what’s in each one, so you don’t have to start pulling out drawers to find what you’re looking for.”Another shopper said, “It’s a very solid unit with sturdy-feeling materials, clear and un-scuffed plastic drawers, and fantastic capacity. I purchased this to organize my loose Lego pieces and am pleased with the ease of use as a sorting system. It’s great value for the price, and I am very satisfied.”Shop more dealsAkro-Mils 26-Drawer Storage Organizer, $31 (was $40) at AmazonTiduFriend 4-Pack Stackable Storage Bins, $40 (was $43) at Amazon3ingSeagulls 5-Tier Rolling File Cart, $38 (was $40) at AmazonThe Iris USA 36-Drawer Organizer is a versatile and convenient way to store your tools and craft items to allow for a tidier and more efficient area. It fits easily on a shelf, on your desk, or even wall-mounted in your workplace. However you decide to use it, this 36-drawer set is just $39 right now at Amazon.
Meet The Top Contenders For The Women’s Figure Skating World Title
As Olympic champion Alysa Liu skips the 2026 World Championships, Kaori Sakamoto, Amber Glenn and Ami Nakai head to Prague to battle for gold. Meet the top contenders for the world title in women’s figure skating.
Why Are Rates Of Maternal Mortality Rising So Quickly?
Women’s health is facing a significant shortage of professionals and resources.
Jean Chatzky, AARP reveal Americans’ top Social Security worry
Years of reporting on Americans’ personal finance concerns have led me to understand that an increasing number of workers preparing for retirement are worried about Social Security.Jean Chatzky, the bestselling author and former NBC “Today” show financial editor, is one voice who has been vocal about sharing this message.”I’ve been getting a lot more questions about Social Security lately. The biggest one: How soon will it run out?” Chatzky wrote on LinkedIn.”I get it. The news is scary,” she continued. “New research from LIMRA Retirement found that a third of older Americans are so worried that they’re considering pushing up the start date of their benefits.”Related: AARP sounds alarm on big Medicare, Social Security problemConcerns about Social Security’s long‑term funding have been around for generations, but the outlook is reportedly becoming more serious.New federal estimates released in June by the Social Security Administration (SSA) show its combined trust funds will be depleted in 2034 — a full year sooner than the SSA projected last year.”These fears are not new,” Chatzky told USA Today. “But I do think they are growing.”“And I think that’s close enough in the viewfinder for even older people to think, ‘Holy moly, what’s going to happen to me?’” she added.AARP finds declining confidence in Social SecurityAARP, the nonprofit advocacy group for Americans over 50, published a survey that revealed some key facts about Americans’ views on Social Security.”Confidence in the future of Social Security has declined 7 percentage points since 2020 (from 43 percent to 36 percent),” wrote AARP. “Consistent with previous years, confidence levels increase with age.””Nearly two in three retired Americans say they rely substantially on Social Security, while another 21 percent say they rely on it somewhat,” AARP continued. “People who have not retired, especially those ages 18-49, likely underestimate how big of a role Social Security will play in their retirement.”The idea that Social Security may fall short has become woven into America’s broader retirement debate. Many older adults worry their benefits could shrink rather than grow as they age, while younger workers often ramp up their retirement savings out of concern that the program won’t be enough to rely on in the future.Jean Chatzky emphasizes the importance of 401(k) plansBecause Social Security benefits alone rarely provide enough income to cover basic living expenses in retirement, it’s essential for workers to build their own savings throughout their careers.A workplace 401(k) is often the best entry point — especially when an employer offers matching contributions, which effectively amount to free money.For those just beginning to save or dealing with tight budgets, Chatzky recommends starting with a 3% contribution rate. Individuals with more financial flexibility should begin higher, then increase their contributions by 2% each year until they reach the maximum.She recommends saving 10% of income annually — including employer matches — if one starts before your mid‑thirties, or 15% if they begin later.Chatzky also notes that simply participating in a workplace retirement plan dramatically improves long‑term outcomes, reducing the risk of running out of money in retirement to roughly 20%.Above all, she stresses that consistent saving is what ultimately frees up more room in the budget to boost 401(k) contributions over time.“When I hear people suggest that you ‘live on what you make,’ I always shake my head,” Chatzky wrote in her book “Money Rules.”“If you’re living on what you make, you’re spending every dime. The key is to live on less than you make,” she continued. “This is non-negotiable. Why? Because if you do it consistently, you’re automatically saving consistently.”
Jean Chatzky and AARP explain concerns about Social Security and emphasize the importance of 401(k)s and IRAs for retirement savings.Shutterstock
Chatzky explains difference between Roth IRAs, traditional IRAsChatzky also advises people who can afford to invest more to choose between two types of Individual Retirement Accounts (IRAs). “The biggest difference between the traditional and Roth IRA is the tax break,” Chatzky wrote on HerMoney. “A traditional IRA gives you a tax deduction now, while Roth IRAs don’t — but Roth withdrawals are tax-free later, and traditional IRA withdrawals are not.””You could make a decision about which IRA is best for you based on that single piece of information,” she added. “For example, if you know you’ll be in a higher tax bracket in retirement than you are now, the Roth’s tax-free withdrawals are more valuable to you.” “If you’re in a high tax bracket right now or predict your tax rate will be lower in retirement, a traditional IRA is a good choice.”Important facts about Roth IRAs, traditional IRAsContribution limits: You can contribute up to $7,500 in IRAs for 2026, or $8,600 if you’re 50+. Contributions to traditional and Roth IRAs combined can’t exceed these limits.Contribution deadlines: For 2026 contributions: you have until Tax Day 2027. To count toward 2025, you can contribute until April 15, 2026.Investment options: IRAs are containers, not investments. You choose what goes inside — stocks, mutual funds, ETFs, bonds, CDs, or cash.Tax treatment: Investment growth inside an IRA isn’t taxed while it stays in the account, unlike a regular brokerage account.Penalty‑free withdrawals: You can access funds without penalties starting at age 59½. Earlier withdrawals may trigger income taxes and a 10% penalty, with some exceptions.Minimums: There’s no required minimum contribution. Many providers let you open an IRA with a very small amount.(Source:HerMoney)Related: Jean Chatzky sends blunt message to Americans on 401(k)s, IRAs
Macy’s is selling $60 Clarks Cloudsteppers flip-flops for $36 in 21 colors
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealThere are lots of changes to look forward to when it comes to spring. One of my personal favorites is the switch from boots to sandals, giving me a great excuse to go get a pedicure. And while I do have many pairs of sandals to go with dresses and other looks, the ones I lean on the most in the warm months are probably my flip-flops.If you’re like me and prefer to invest in flip-flops that will last more than one season, I highly recommend Clarks. Macy’s is having a sale on the Cloudsteppers Reyna Flip-Flops that will save you $24 off the usual $60 price tag. They’re sturdy, comfortable, and come in 21 colors. But best of all, you’ll be wearing them for many springs and summers to come.Clarks Cloudstepper Reyna Flip-Flop Sandals, $36 (was $60) at Macy’s
Courtesy of Macy’s
Shop at Macy’sWhy do shoppers love it?Clarks is one of those brands that people swear by, and once you own a pair, you’ll understand why. The Cloudsteppers line is specifically designed for comfort and is also a great pick if you suffer from any painful foot conditions like plantar fasciitis. Clarks’ proprietary Cushion Soft foam footbed does an excellent job of shock absorption, so if you suffer from back pain, this sandal can help. Another great feature is the adjustable riptape strap, so these sandals can be adapted to fit you perfectly. And the grippy outsole will make sure you stay steady, even on slippery surfaces.The Reynas are currently on sale for $45 on Clarks’ official website, so you can save $9 more with this Macy’s deal. They are available in 21 colors, and every pair is included in this sale, although some sizes are selling out in some colors, so if you have your eye on a pair, don’t wait. At a price this good, we expect them to keep flying out the door.Details to knowColors: 21.Material: 100% man-made.Features: Cushion Soft foam footbed, adjustable riptape strap.Related: Amazon is selling arch-support flip-flops with orthopedic comfort for as little as $10More than 1,000 shoppers have given the Reyna flip-flops a five-star rating, praising them for their comfort above all. “I bought these for the upcoming summer, so I haven’t worn them, but I’ve got a closet full of these in every color imaginable,” one shopper wrote. “I love them and live in them all summer long. Plus, I love this new color, they are so comfy.”A second shopper wrote, “I needed to get another pair because I love them so much. These are the most comfortable sandals. They are excellent for pedicures because you can remove them with the Velcro feature and slide on easily without messing up your polish.”Shop more deals Clarks Cloudsteppers Arla Sandals, $48 (was $75) at Macy’sClarks Cloudsteppers Breeze Dalia Sandals, $36 (was $60) at Macy’sClarks Breeze Gem Flip-Flops, $39 (was $65) at Macy’sIf you want a sturdy pair of sandals with great shock absorption, you can’t beat the Cloudsteppers Reyna Flip Flops. At just $36 a pair, it’s worth investing in more than one color!
Bank of America reinstates Microsoft stock coverage
Microsoft (MSFT) stock has lost almost 23% year to date, at the time of writing, Tuesday afternoon, March 24, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is down about 3.75% in the same period.The rest of the Magnificent 7 stocks are also down in the same period:Alphabet (GOOGL) is down more than 5%.Amazon (AMZN) is down almost 10%.Apple (AAPL) is down more than 6%.Nvidia (NVDA) is down almost 6%.Tesla (TSLA) is down almost 15%.Meta (META) is down more than 9%.Microsoft stock crashed following its Q2 fiscal year 2026 earnings report on Jan. 28. It closed at $481.63, and the following day it closed at $433.55, losing about 10% in a single day.The company’s huge capital expenditures and reliance on OpenAI contributed to the crash.“Approximately 45% of our commercial [remaining performance obligations] balance is from OpenAI,” CFO Amy Hood said during the earnings call.That means 45% of the $625 billion backlog, according to Form 10-Q, is dependent on OpenAI. Many investors believe that it is a big risk. I did an in-depth analysis of why investing in OpenAI might be a mistake: “AMZN, MSFT, NVDA, SFTBY setting $100 billion on fire.”Since the article was posted, we have learned about the outcome. OpenAI touted a successful $110 billion funding round, but Microsoft didn’t participate.Investors unsure whether the backlog is real, whether Microsoft’s partnership with OpenAI is beneficial for the company, and whether the AI cycle is a bubble, are in luck. Bank of America analyst Tal Liani and his team reinstated their coverage of Microsoft stock and provided their opinion on these important questions.Bank of America reinstates Microsoft stock coverage with a buy ratingLiani answered the most important question: Is Microsoft’s AI backlog real, and when does it turn into revenue?“Demand is real and durable; the bottleneck is supply, not appetite,” he wrote.Related: Goldman Sachs resets Microsoft stock forecastLiani said that as Fairwater data center and other AI infrastructure build-outs materialize, he expects the conversion of remaining performance obligations to accelerate and for Azure to maintain leadership. But near‑term free cash flow (FCF) margins will stay under pressure due to elevated capex.Regarding the question of whether Microsoft’s OpenAI partnership brings long‑term strategic value, the team said that concentration risk exists but is manageable. Analysts said that they believe the AI cycle is a long‑duration platform shift, not a bubble. According to them, this is an investment cycle with front‑loaded capital expenditures and back‑ended monetization.They noted that Microsoft’s positioning is strengthened by Copilot and Microsoft AI, which pull AI workloads into Microsoft 365, GitHub, Azure, and Security rather than displacing them.Analysts believe that as enterprises adopt AI‑driven automation, these tools will empower Microsoft’s core software layer, increasing long‑term returns even though near‑term FCF remains pressured.In a research note shared with me, Liani set Microsoft’s stock rating as buy, and the price target to $500, based on a 24 multiple of his estimate for the price-to-earnings ratio for 2027. This is higher than the peer group, which is in the range of 18x to 22x. He believes that sustained revenue growth and margin profile warrant this high multiple.
Bank of America reinstates Microsoft stock coverage with a buy rating.Image source: Shutterstock
Analysts noted downside risks for Microsoft:Near-term gross margin pressureAI applications and model providers could innovate at a faster rate thanMicrosoftHighly cyclical nature of enterprise application spendingWhile analysts are optimistic about Microsoft’s future in AI, some Windows users are not.Microsoft responds to user backlashI wrote last year about the backlash Microsoft President of Windows and Devices Pavan Davuluri faced after promoting Windows’ evolution into an agentic OS.Since then, things have actually gotten worse.More AI Stocks:Morgan Stanley sets jaw-dropping Micron price target after eventBank of America updates Palantir stock forecast after private meetingMorgan Stanley drops eye-popping Broadcom price targetMicrosoft CEO Satya Nadella wrote a blog post, “Looking Ahead to 2026,” in December, recommending that people “get beyond the arguments of slop vs. sophistication.”After Windows Central’s report about the blog post, the term “Microslop” began trending.Microsoft tried to ban the word on its Copilot Discord server and ended up having to lock down the whole thing, as reported by Futurism.In what looks like an attempt to cool things down, Davuluri has published a blog post titled “Our commitment to Windows quality.”“You will see us be more intentional about how and where Copilot integrates across Windows, focusing on experiences that are genuinely useful and well‑crafted,” he wrote. “As part of this, we are reducing unnecessary Copilot entry points, starting with apps like Snipping Tool, Photos, Widgets, and Notepad.”Some of the improvements to the taskbar, Windows updates, and Explorer will be very welcome when delivered. However, regarding the reduced Copilot push, I don’t have high expectations.According to The Register, only 3.3% of Microsoft 365 and Office 365 users who touch Copilot Chat actually pay for it.The company seems to be compensating for the low number of paying users by putting Copilot into everything, thereby increasing the total number of users and, hopefully, getting more paying ones.Related: History of Microsoft: Company timeline & facts
Today’s Wordle #1740 Hints And Answer For Wednesday, March 25
Looking for help with today’s New York Times Wordle? Here are some expert hints, clues and commentary to help you solve today’s Wordle and sharpen your guessing game.
JPMorgan launches $8 billion bond sale for EA buyout
JPMorgan Chase kicked off an $8 billion junk bond sale on March 23 to finance the $55 billion leveraged buyout of Electronic Arts. It is the largest leveraged buyout in history. The offering launched as credit markets remain volatile and investor appetite for risky debt swings sharply from week to week.The bond sale splits into $5.5 billion in secured notes, denominated in both dollars and euros, and $2.5 billion in unsecured dollar bonds. The mix has already shifted multiple times as market conditions fluctuate.Some financing that was previously structured as bonds has moved back toward loans. That reflects just how sensitive this deal is to real-time credit conditions.What the deal looks likeThe buyout is being led by a consortium of Saudi Arabia’s Public Investment Fund, Silver Lake, and Affinity Partners, the firm founded by Jared Kushner. EA shareholders will receive $210 per share in cash, a 25% premium to the stock’s unaffected closing price of $168.32 on September 25, 2025.PIF is rolling over its existing 9.9% stake. The consortium’s total equity contribution is approximately $36.4 billion. The remaining $20 billion in debt financing was committed solely by JPMorgan. Of that, $18 billion is expected to be funded at close, with the rest covered by EA’s cash build between now and closing.More Wall StreetBillionaire Dalio sends 2-words on Fed pick WarshTop analyst bets these stocks will boost your portfolio in 2026Bank of America sends quiet warning to stock market investorsThe deal is expected to close around June 2026, pending regulatory approval. CreditSights estimates the transaction implies approximately 6x gross leverage at close.CFIUS review remains the primary remaining risk. The heavy involvement of Saudi Arabia’s sovereign wealth fund has drawn scrutiny over data privacy and foreign influence concerns.Why the timing is difficultThe $8 billion bond sale is the biggest single ask of the leveraged finance market since 2008, according to Semafor. It arrives at a genuinely precarious moment.The Iran war has sent credit risk gauges higher. Markets are pricing in potential Fed rate hikes. AI fears have hammered software multiples across the sector, raising questions about live-service revenue models that gaming companies depend on.JPMorgan has been keeping the deal structure flexible precisely because of this volatility. The bank began selling a $3 billion term loan A in January, primarily to Middle Eastern, Asian, and smaller European banks. The current $8 billion bond offering is the next piece of a financing package that has been carefully assembled around shifting market conditions.Anchor investors are expected to commit a minimum of $500 million each to the syndicated deal. The involvement of sovereign wealth and large institutional money at that size is central to getting the deal done.What EA brings to the tableThe bull case for the deal rests on EA’s franchise durability. The company owns some of the most defensible sports gaming licenses in the world. That includes the NFL, FIFA through EA Sports FC, and UFC. These are long-term contracts competitors cannot easily replicate.Live-service revenue from titles like Apex Legends and EA Sports FC has created recurring income streams. That makes the company’s cash generation more predictable than traditional game publishers.
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Some existing EA bondholders are less enthusiastic. A coalition of bondholders has formed to oppose the tender offer ahead of the debt sale, arguing it would repurchase their bonds at a significant discount to face value. That dispute adds another layer of complexity to an already intricate financing.What this means for investorsTwo groups of investors have the most at stake as this bond sale unfolds:JPMorgan (JPM) shareholders. The EA deal is the clearest example yet of the bank’s dominance in large-scale leveraged finance. It committed the entire $20 billion in debt financing on its own balance sheet, a statement few institutions could match. A successful syndication reinforces JPMorgan’s position at the top of the LBO financing market and generates substantial fee income.High-yield bond investors. This $8 billion offering is a stress test for the broader credit market. If it prices cleanly, it signals that appetite for risky debt remains intact despite volatile macro conditions. If it struggles, it raises questions about the credit market’s capacity to absorb the wave of LBO financing private equity sponsors are counting on in 2026.The EA take-private has already cleared its most significant regulatory hurdles, including the HSR antitrust waiting period and key approvals in the UK and China. The bond sale is the last major financial milestone before closing. How it goes will tell investors a great deal about where credit markets actually stand right now.Related: JPMorgan resets forecast on social media giant amid layoff rumors