📈 NYSE Glitch Causes Trading Halts

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So far this week, the NYSE had a technical mishap causing pricing chaos, busted trades and trading halts. The NYSE plans to declare all the erroneous prices null and void. In other news, Microsoft is feeling the heat after the company reported its slowest sales growth in six years and hinted that things might get even worse for the already battered tech sector.

According to analysts, the U.S. is currently lagging behind in the global stock market race with weak retail sales and industrial production figures. Meanwhile, Europe, Asia and other regions have been revving their engines. Speaking of revving engines - or not - Honda is stepping up its EV game to take on Tesla and BYD.

Markets

The U.S. is massively underperforming global stock markets, and analysts see more of the same (3 minute read)It looks like the U.S is lagging behind a little on the global stage. The Russell 3000 benchmark for the entire U.S. market was up by only 6.3% over the past three months, while the S&P 500 was up by 4.62% compared to the MSCI World ex-U.S. index which had surged by a whopping 22%, and the pan-European Stoxx 600 which was up more than 13%. To top it off, the U.S. economy is also moving a little slower, with weaker retail sales and industrial production figures last week, while the growth picture in Europe, Asia and various emerging markets has improved notably.

Stocks close mixed as rally wanes, earnings pour in (5 minute read)Looks like the U.S. stock market had a bit of a stumble on Tuesday, after a few days of winning. Investors were busy checking out the latest financial results from companies, and the S&P 500 took a small dip, the Dow Jones Industrial Average had a little climb of 0.3%, and the Nasdaq Composite also had a small decrease of 0.1%. 

NYSE glitch leads to busted trades, prompts investigation (4 minute read)The NYSE had a bit of a technical snafu on Tuesday. Parent company Intercontinental Exchange Inc, said the exchange had a 'system issue' that prevented the opening auctions in a subset of its listed securities. Even big companies like ExxonMobil, 3M, Verizon, McDonald's, Wells Fargo, and Walmart were caught up in the chaos.  The NYSE plans to declare all the erroneous prices null and void. Just another day of buying low and selling high, or in this case, not buying or selling at all.

Investing

Microsoft under pressure after slowest revenue growth in six years (4 minute read)Microsoft is feeling the heat after the company reported its slowest sales growth in six years and hinted that things might get even worse. The software giant missed the consensus estimate of $53.12B with its revenue growth of only 2% year-over-year in the three months through December to $52.7 billion. And if that wasn't bad enough, earnings were down 12% at $16.4B.

1 Warren Buffett ETF That Could Turn $300 Per Month Into $1 Million (8 minute read)Feeling tempted to hide your money under a mattress during stock market turbulence? Don't! Not only are stocks on sale but by investing during the market's lows, you'll be ready to cash in when it bounces back. Warren Buffett, through his holding company Berkshire Hathaway, only invests in one type of ETF: the S&P 500 ETF. And historically, it's earned an average return of around 10% per year.

Honda Makes a Major Move to Take On Tesla, Ford (7 minute read)Honda is revving up its electric vehicle game and taking on EV giants like BYD and Tesla. The automaker announced the launch of its EV division for April 1st and plans to combine its electrification strategy with the development of cars, motorcycles and power products like generators. Honda is also consolidating its current six regional operations to three, North America, China and nearby regions, including Japan and an operation that includes the remainder of Asia and Europe. Looks like Honda is ready to shift gears and leave its fossil fuel past behind.

Money

The Triple Benefit Of Paying Off Your Mortgage Early (10 minute read)The Financial Samurai, a personal finance blogger, has delved into the age-old debate between paying off a mortgage and investing. According to him, if you follow his FS Debt and Investment Ratio (FS DAIR) formula, you'll be winning at life in no time. For those still on the fence about whether to pay off their mortgage or invest, he suggests tilting the scales a bit more towards paying off that mortgage early, because there's nothing like the feeling of being debt-free.

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