Google's cloud security platform
Search documents
Housing Starts, Imports/Exports Better than Expected
ZACKSยท 2025-03-18 15:30
Company Acquisition - Google parent Alphabet is acquiring cloud security firm Wiz for $32 billion in cash, marking its largest acquisition to date [2] - The acquisition is expected to enhance Google's cloud security platform and may trigger further corporate buyouts in the industry [2] Housing Market Insights - Housing Starts increased by 11.2% to 1.50 million annualized units in February, surpassing expectations of 1.38 million [3] - Single-family units rose by 11% and multi-family units by 12%, although both categories remain down year-over-year [4] - Building Permits slightly exceeded estimates at 1.456 million, but were down 1.2% from the previous month [5] Trade Data - The Import Price Index rose by 0.4% in February, matching the previous month's increase and marking the highest levels since April 2024 [6] - Exports increased by 0.1% in February, reversing an expected decline, with a year-over-year growth of 2.1% [7] NVIDIA Developments - NVIDIA CEO Jensen Huang is set to deliver a keynote address at the GPU Technology Conference, addressing expectations for AI development [9] - NVIDIA shares have decreased by 11% year-to-date after experiencing a significant increase of over 2200% in the past five years [9]