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Stocks climbed for a second day as investors weighed mixed economic data ahead of the Fed's policy meeting.
The Dow jumped 0.8%, the S&P 500 climbed 0.64%, and the Nasdaq rose 0.31%.
Retail sales rose less than expected in February and NY Fed's manufacturing index plummeted, fueling expectations of potential Fed rate cuts.
The Fed meeting this week will address President Trump’s tariffs as the OECD cuts US growth forecast to 2.2% for 2025.
President Trump rescinded Former President Biden’s $17.75 minimum wage for federal contractors, dropping most to $7.25 or state rates.
Amazon plans to lay off 14,000 managerial positions to save $3.5 billion annually
BYD $BYDDF ( ▼ 2.62% ) unveils EV battery system that charges in five minutes, causing shares to hit record high.
Have you heard of horse pinhooking?
It’s the practice of buying young horses and reselling them for a profit at a later stage of their development.
Egg prices fell 44% from February’s peak as bird flu eased.
Homebuilder sentiment hit a seven-month low as tariffs added $9,200 per home.
With a sudden steep drop-off, Americans hit a 15-year low in vacation plans (excluding Covid)
Be honest: Would you rather have more time off or more money? |
🚨 No, it's not the publicly traded tech giant you might expect… Meet $MODE, the disruptor turning phones into potential income generators.
Mode saw 32,481% revenue growth, ranking them the #1 software company on Deloitte’s 2023 fastest-growing companies list.
📲 They’re pioneering "Privatized Universal Basic Income" powered by technology — not government, and their EarnPhone, has already helped consumers earn over $325M!
Their pre-IPO offering is live at just $0.26/share – don’t miss it.
PepsiCo acquired prebiotic soda brand Poppi for $1.95 billion.
Alphabet is in talks to acquire Wiz for $30 billion, its biggest deal ever.
Honda and Suzuki said they would join Tesla’s CO2 emissions pool in 2025 to meet EU rules.
Johnson & Johnson was hit with a $180 million lawsuit over alleged AI imaging tech theft.
Audi announced plans to cut 7,500 jobs in Germany by 2029 to save $1.1 billion annually.
The SEC eased crypto custody rules for advisers after industry pushback.
OKX suspended its DEX aggregator amid EU scrutiny over ties to the $100 million Bybit hack.
🇧🇷 Brazil’s proposed tax exemption is estimated to cost $4.75 billion annually.
🇪🇺 🇸🇾 The EU and partners pledged 5.8 billion euros to support Syria and its neighbors.
🇸🇾 🇱🇧 Border clashes killed three Syrian soldiers and seven Lebanese in two days.
🇨🇦 🇺🇸 New Canadian PM Mark Carney chose Europe over the US for his first foreign trip.
What you had to say:
“Nvidia will likely power whatever the rest of the Mag 7 wants to do. Like during the gold rush, they'll make more money selling pickaxes to gold miners than the miners will make mining gold.”
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Or find me in the Alts Community.
Cheers,
Wyatt
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