S&P: Worst week since September

As February's jobs report comes in weak

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📰 Market Headlines

Markets stumbled Friday as the S&P 500 posted its worst week since September, with President Trump's tariff threats and a softer jobs report weighing on sentiment.

  • The Dow climbed 0.5%, the S&P 500 rose 0.5%, and the Nasdaq advanced 0.7%.

  • The jobs report came in below expectations, with 151,000 jobs added in February versus the 170,000 forecast.

President Trump established a strategic bitcoin reserve, to be funded with roughly 200,000 bitcoin seized in criminal cases.

SpaceX's latest Starship test ended with another explosive failure, briefly disrupting flights to several Florida airports.

🦪 Alternative investing news

When people think about investing in gemstones, the first one that often comes to mind is diamonds.

But the diamond market is suffering. Meanwhile, the ​colored gemstone market​ is making a comeback, with one gem in particular breaking away from the pack.

This week we’re talking pearls.

 📊 Ideas, trends, and analysis

🧠 Make yourself heard

Social media feeds are flooded with lattes and sweets flavored with the green tea powder, disrupting a fragile matcha supply chain.

Some prominent Japanese tea makers have limited sales, leaving shelves bare across Japan and squeezing supplies for beverage makers in other countries.

What do you think of matcha’s taste?

Login or Subscribe to participate in polls.

😱 Fear and Greed Index

📊 Winners and losers

Market movers

  • A federal judge denied Elon Musk's request to halt OpenAI's for-profit conversion but offered an expedited trial for fall 2025.

  • Alef Aeronautics demonstrated its $300,000 flying car prototype, capable of 225mph in the air.

  • Veterans Affairs announced laying off 80,000 workers starting in June.

  • Microchip Technology cut 2,000 positions.

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📊 Crypto

  • Ripple co-founder Chris Larsen's massive hack of 213 million XRP ($150 million) traced to a compromised LastPass password vault.

  • HUD denied reports of cryptocurrency implementation for grant monitoring after ProPublica revealed internal discussions.

🌍 Global Perspectives

  1. 🇮🇱 Israel struck Gaza ahead of new ceasefire talks in Doha, targeting Hamas militants near IDF troops.

  2. 🇷🇺 🇺🇦 🇰🇵 Russian and North Korean forces made advances in Russia's Kursk region, overwhelming Ukrainian positions.

  3. 🇰🇷 South Korea's impeached president Yoon Suk Yeol was freed from jail ahead of his court ruling on insurrection charges.

  4. 🇷🇴 Romania's election authority barred pro-Russian candidate Calin Georgescu from the May presidential election re-run.

🎤 What you said last time

Congrats on being smarter than economists!

“Do we need many of these government people? - Probably not. But it will still greatly impact the economy.

🧠 Miscellanea

  • A Southwest Airlines passenger caused chaos after stripping naked and screaming for 25 minutes.

  • Spanish tourist accidentally booked a stay at a cursed island resort in the Philippines.

  • Gene Hackman's wife died from rare hantavirus syndrome, a rodent-borne illness that's seen fewer than 900 US cases in 30 years.

📺 What to Watch Today

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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