Markets
S&P FUTURES 4,008 0.02% • S&P 3,978 0.16% • Dow 32,432 0.60% • Nasdaq 11,769 0.47% • Russel 1,754 1.08% • VIX 20.73 4.65% • 10Y 3.53 0.00% • Wilshire 39,375 0.29% • FTSE 7,486 0.19% • EuroStoxx 4,175 0.25% • DAX 15,164 0.24% • Hang Seng 19,785 1.11% • Nikkei 27,518 0.15% • Oil 73.11 0.41% • Gold 1,959 0.26% • Bitcoin 27,006 0.42%
Fear & Greed 35/100
Cluster

# binance cftc crypto










⇢ The CFTC accuses Binance of illegally selling its derivatives trading services in the US, causing cryptocurrencies to wobble, while Micron and Walgreens report earnings and oil extends gains.

# china countries beijing










⇢ Experts suggest that the era of "reform and opening up" and the "socialist market economy" in China may have ended, three decades after it was enshrined in the country's constitution, following years of economic, social and political upheaval.

# desantis trump starbucks











⇢ Chris Christie, a potential 2024 contender, is trying to establish his own brand and win over skeptical voters in New Hampshire by criticizing other frontrunners and being frank about his past support for Donald Trump.

# svb siliconvalley silicon










⇢ Lawmakers will hold hearings on the collapse of Silicon Valley Bank and question top financial regulators on why the bank was allowed to grow rapidly and build up so much risk that it failed, requiring a government rescue for depositors.
Tweets:
@ftTrending Topics
Cluster

# lyft risher zimmer










⇢ Lyft co-founders Logan Green and John Zimmer are stepping down from their roles as CEO and president, respectively, to be replaced by former Amazon executive David Risher, who will take over as CEO on April 17th.

# musk twitter verified











⇢ Elon Musk announced that from April 15, only verified subscribers paying for Twitter Blue will have their posts recommended in the "For You" feed and be able to vote in polls, in an effort to address issues with bots.

# dow ibd stocks









⇢ Stock futures are slightly lower as traders focus on the banking crisis and key economic data points, with a rising rate environment being considered negative for growth stocks in the tech sector.

# echo bike peloton









⇢ Wearable health technology, such as the Fitbit, smartwatches, and the Oura ring, can track various body measurements including heart rate, sleep cycle, and activity levels, allowing wearers to monitor their overall health in real-time.
Movers
IPO 03/29TRAILBLAZER MERGER I [TBMCU] 03/29ARB IOT GROUP LIMITED [ARBB] 03/29HONGLI GROUP [HLP] 03/29GOLDEN HEAVEN GROUP [GDHG] 03/29CHANSON INTERNATIONAL HOLDING [CHSN] 03/30TOP KINGWIN [TCJH] 03/30LUCAS GC LIMITED [LGCL] 03/30MILLENNIUM GROUP INTERNATIONAL HOLDINGS LIMITED [MGIH] 03/31SYLA TECHNOLOGIES CO. [SYT] 03/31GLOBAL MOFY METAVERSE LIMITED [GMM] 03/31LEAD REAL ESTATE CO. [LRE] 03/31SAG HOLDINGS LTD [SAG] 04/07U POWER [UCAR] 04/10CDT ENVIRONMENTAL TECHNOLOGY INVESTMENT HOLDINGS LIMITED [CDTG]
Cluster

# netanyahu protests israel











⇢ Protests and strikes against pension reforms have resumed in France, with fears of violence prompting an unprecedented deployment of 13,000 police officers, amid warnings that radical demonstrators intend "to destroy, to injure and to kill."

# bankman bankmanfried fried










⇢ Denis Shafranik, co-founder of Concentric, advises founders to focus on minimizing disruption during the due diligence process to increase their chances of success in securing investment.

# nuclear weapons nuclearweapons










⇢ Russian body armor used by troops in Ukraine has been found to contain Chinese components, highlighting Russia's reliance on China for military support and raising questions about the US's approach to dual-use items.

# alibaba commerce group











⇢ Alibaba will split into six business groups, each with the ability to raise outside funding and go public, in an effort to reinvigorate growth and unlock shareholder value, with shares popping over 7% in pre-market trade.
Cluster

# oil newsom california











⇢ Oil prices fell slightly in early Asian trade on Tuesday as markets weighed the prospect of tighter near-term supply against growing political disruptions in parts of Europe, with major transport strikes in Germany and France presenting near-term headwinds to oil demand.
Tweets:
@cbsnews
# nashville shooting school











⇢ Virginia Governor Glenn Youngkin has signed a bill offering a $300 tax credit to anyone who buys a gun safe or lockable gun container, with the aim of preventing firearms from falling into the wrong hands, and the legislation has garnered support from both sides of the gun debate.

# ai chatgpt openai











⇢ Zoom has added new AI features to its web conferencing platform, including meeting recaps and suggested actions, in an effort to save participants time and ensure they don't miss any vital details.

# kia hyundai vehicles











⇢ The city of St. Louis is suing Hyundai and Kia for failing to install anti-theft technology in their vehicles, joining other major US cities in similar lawsuits.
Cluster

# wind carbon emissions










⇢ Renewable electricity surpassed coal in the United States for the first time in 2022, with growth in wind and solar significantly driving the increase in renewable energy, according to the U.S. Energy Information Administration.

# tiktok emojipedia app











⇢ TikTok has sent advertisers a "Myth vs. Fact" document to dispel concerns about its ties to the Chinese government and reassure them after CEO Shou Zi Chew's hearing in Congress last week.

# minerals battery batteries










⇢ The US and Japan have agreed to a trade deal covering minerals for batteries in electric vehicles, which aims to strengthen their battery supply chains and help Japanese carmakers access a new tax credit for EVs in the US, while prohibiting bilateral export restrictions on critical minerals for EV batteries.

# food walmart dog










⇢ US shoppers are increasingly using buy-now-pay-later services like Klarna, Afterpay, and Affirm to buy groceries as the cost of living crisis continues and food prices soar.
Cluster

# burger burgerking iger












⇢ Disney CEO Bob Iger has revealed plans for a series of layoffs, with the first set of employees receiving pink slips by the end of this week and a "larger" round of cuts planned for April, as the company looks to slash 7,000 jobs as part of a $5.5 billion cost-cutting plan.
Tweets:
@nypost
# pecker grand grandjury











⇢ Justice Neil Gorsuch warns against giving too much power to judges in the Donziger v. United States case, arguing that allowing the judiciary to decide who to prosecute vests too much power in unelected judges and is likely to be abused by partisan judges.

# gdp correlation dynan










⇢ Despite recent turmoil in the banking sector, a recession is not the most likely outcome for the US economy over the next two years, but a "slog" lies ahead with only slight economic growth and a couple more rate hikes from the Federal Reserve, according to economists at the Peterson Institute for International Economics.

# chipotle maine augusta












⇢ Chipotle has agreed to pay $240,000 to former employees of a location it closed after they tried to form a union, with the payment being split among the workers and the company also offering preferential hiring and posting notices in 40 locations in Maine, Massachusetts, and New Hampshire.
Cluster

# housing homeowners homeprices







⇢ Home prices in the Western US are falling while prices in the Eastern US are still rising, with certain housing markets in the West, particularly tech hubs, experiencing the fastest declines, while Southern markets in the East are still attracting companies and adding jobs.
Tweets:
@cbsnews
# db deutsche deutschebank









⇢ European stocks rose, with gains in the banking sector, as confidence returns following recent turbulence, while UBS stock rose over 2% after CEO Ralph Hamers stated that the takeover of Credit Suisse presents a growth opportunity.
Tweets:
@bloombergtv
# cancer blood patients








⇢ A new blood test developed by Tzar Labs and Epigeneres Biotech can detect cancerous tumors before they form, accurately anticipating the formation of tumors across at least 25 types of cancer, including breast, pancreatic, lung, and colorectal.
Tweets:
@euronewsnext
# boj bond japan




⇢ Pakistan's bond premium is unusual due to the popularity of Sukuk, a type of Islamic bond.
Tweets:
@businessStocktwits
BABA Alibaba Group... XRP.X Ripple VKTX Viking Therapeutics Inc FUTU Futu Holdings Ltd - ADR WBA Walgreens Boots... DIS Walt Disney Co. KWEB KraneShares CSI... BNB.X Binance PARA Paramount Global VEEV Veeva Systems... OXY Occidental... ITCI Intra-Cellular... PG Procter & Gamble Co. MKC McCormick & Co.,... LOVE Lovesac Company TRIP TripAdvisor Inc. EBS Emergent Biosolutions Inc IHS IHS Holding Ltd MU Micron Technology Inc. BCYC Bicycle... GHSI Guardion Health... SITE SiteOne... KLXE KLX Energy...
Cluster

# worldbank lostdecade growth







⇢ The World Bank has warned that without ambitious initiatives to boost labor supply, productivity, and investment, the global economy could face a "lost decade" with potential GDP growth slumping to a three-decade low of 2.2% per year through 2030.

# metaverse disney storytelling










⇢ Disney has abandoned its metaverse plans and laid off its entire interactive storytelling team, which included around 50 people, as part of a broader restructuring and cost-cutting effort.

# alteryx atlassian reportedrevenues




⇢ Alteryx reported strong Q4 earnings with revenues of $301.1 million, up 73.2% YoY, beating analyst expectations by 7.79%, while its peers in the data analytics sector reported weaker results.

# mitsotakis gandhi yousaf







⇢ Humza Yousaf has won the Scottish National Party leadership contest and will become the first Muslim First Minister of Scotland, despite being disliked by almost half of Scots, and he has vowed to use "any means necessary" to achieve Scottish independence.

# water groundwater farmers








⇢ Residents near Philadelphia are being advised to avoid drinking tap water following a chemical spill into the Delaware River, while Pennsylvania health officials have said the chemical is non-toxic to humans, but the incident has raised concerns about drinking-water safety after the EPA moved to eliminate cancer-linked "forever chemicals" from US drinking water for the first time ever.
Tweets:
@voxdotcom
# workers royalmail heathrow











⇢ Google may offer severance packages worth up to $320,000 to some of the 240 employees being laid off in Ireland, with workers being offered six weeks severance per year worked, according to the Sunday Times.

# google pixel publishers







⇢ San Francisco's Internet Archive has lost a lawsuit brought by publishing houses Hachette Book Group, HarperCollins Publishers, John Wiley & Sons, and Penguin Random House, who objected to the nonprofit's practice of lending out multiple copies of copyrighted e-books during the pandemic.

# meloni italy taxevasion



⇢ The new Italian government's tax policies, including a proposed flat-tax regime and a lack of oversight, are worrying economists as they may encourage tax evasion and benefit organized crime, while also reducing revenue for public services.

# wedding roth ira




⇢ Withdrawals from a Roth IRA may count as taxable income if they represent earnings rather than contributions, but can be tax-free if the account has been open for at least five years and certain rules are followed.

# generaldiscussion dailygeneral advice

# commercialreal realestate estate









⇢ Vertex Pharmaceuticals is expected to reach a new 52-week high as it confirms a cup base pattern and expands its partnership with CRISPR Therapeutics to develop hypoimmune cell therapies for Type 1 Diabetes.
Tweets:
@cnbc
# dinosaurs 65 millionyears



⇢ Paleontologists have pointed out several errors in the new dinosaur film "65," including the fact that the title is off by a million years and that the dinosaurs depicted do not have feathers, which is now known to be inaccurate.
Tweets:
@henrymance
# mocimbalance moc imbalance



⇢ Piramal Enterprises and TPG Capital are considering selling their stakes in Shriram General Insurance, according to sources.

# carnival cruise cruiseline




⇢ A recent survey suggests that Republicans are more likely to take a cruise right now than Democrats, possibly due to COVID-19 caution, despite cruise demand returning to pre-pandemic levels.

# voyager 1b bankruptcy






⇢ A federal judge has put Voyager's sale to Binance.US on hold pending a government appeal, which was granted after the sale was previously approved by a bankruptcy judge.

# wood playfair fez







⇢ Cathie Wood's Ark Invest continued to purchase shares in Coinbase and Block, despite negative headlines, with the firm buying over 32,000 shares in Coinbase for the Ark Innovation ETF and over 18,000 shares in Block for the Fintech Innovation fund.

# ocado groupplc plc



⇢ Ocado reports higher Q1 revenue of £583.7m for its joint venture with Marks & Spencer, with guidance for fiscal 2023 remaining unchanged and expectations of mid-single digit revenue growth.

# barkley ncaa stanford









⇢ The Final Four of this year's March Madness features first-time visitors to the sport's biggest stage, with the absence of traditional powerhouses, and commentators suggest that the loosened rules for players to transfer between universities and the rise of "name, image and likeness" (NIL) rules have contributed to the upset.

# nikola pasterick brady





⇢ Anastasiya Pasterick will become the new CFO of Nikola Corporation, succeeding Kim J. Brady who will retire on April 7, 2023, after leading the organization's early rounds of funding and taking the company public.
Tweets:
@business
# microstrategy micron silvergate








⇢ Micron Technology may be selling memory chips for less than they cost to make, potentially indicating that the bottom of the market is near, according to Citi Research analyst Christopher Danely, who believes the company will report negative gross margins in its Q2 results.

# suisse creditsuisse museum



⇢ The future of Credit Suisse's sponsorships of prominent museums is uncertain following its acquisition by UBS, with no confirmation on whether UBS will take over the bank's art collection or partnerships.

# credentials vault consumers





⇢ The insurance industry is in critical need of digital transformation to improve customer satisfaction, reduce costs, and mitigate risks, with only 25% of insurers having truly digitized the value chain.

# cannabis marijuana queens







⇢ Despite the opening of legal marijuana dispensaries in New York, the illegal market is still thriving due to factors such as the high number of unlicensed shops and the COVID-19 pandemic.
Tweets:
@nypost
# nfts nft baldwin




⇢ London is losing ground to Paris in the battle for the top crypto conference location, as Token2049 and Blockworks' Digital Assets Summit have decided not to return to the UK capital in 2023, while NFT Paris and Paris Blockchain Week continue to attract large crowds.

# delta airport brightline







⇢ Delta Air Lines is investing $1.5 billion into upgrading New York's JFK Terminal 4, with improvements including an upgraded check-in lobby, 10 new gates, and a new cargo building, as well as plans for a dedicated check-in lobby and lounge for Delta One flyers.

# dailyopen keycorp https




⇢ Researchers have discovered that a Chilean tree could help improve vaccines, while a randomized trial on coffee has been conducted, and Greenland will remain in daylight saving time; meanwhile, a Marburg outbreak in Equatorial Guinea has spread to a major port, and Deutsche Bank's financial health has been reassured by analysts.

# mississippi tornado hurricane





⇢ A second bomb cyclone is set to hit California, bringing heavy rains, snow, and high winds, particularly in northern and central California, with the state already experiencing record snowpack and extreme weather in the Southeast.

# aramco petrochemical saudi






⇢ BP and Abu Dhabi's state oil giant have offered to acquire 50% of Israeli offshore natural gas producer NewMed Energy for around $2 billion, marking their entry into Israel's growing energy sector and forming a new joint venture focused on gas development in international areas of mutual interest including the East Mediterranean.

# bonus zuckerberg lowerbonus



⇢ Mark Zuckerberg, the CEO of Meta, has led the company for nearly two decades, building it into a multibillion-dollar company while weathering numerous scandals and controversies, and has poured billions into efforts to cure the world's diseases and expanded his family to include three young daughters.

# nato finland hungary




⇢ Scandinavian countries have signed a joint declaration to combine their air defenses, creating a "mini NATO" pact that will link their air forces into a single fighting unit, in response to Russia's invasion of Ukraine.

# rosenberg williamhill william




⇢ William Hill has been fined a record £19m for "widespread and alarming" social responsibility and anti-money-laundering failures, with three gambling businesses owned by the company paying a total of £19.2m - the largest penalty in the Gambling Commission's history.

# occidental berkshire buffett




⇢ Warren Buffett's Berkshire Hathaway has invested another $216 million in Occidental Petroleum, bringing its total investment in the oil and gas company to over $11 billion in just over a year, despite concerns of inflation, recession, and credit crunch.
Tweets:
@staunovo
# fdic gruenberg castilla





⇢ The FDIC estimates that covering the collapse of Silicon Valley Bank could cost $20 billion, including $18 billion to cover uninsured deposits, and the failure of Signature Bank is likely to require about $2.5 billion, according to the chairman of the FDIC, Martin Gruenberg, who will testify before the Senate Banking Committee.

# investigations comer gop



⇢ House Republicans' investigations into the Biden family's business practices, Hunter Biden's laptop, the origins of Covid-19, and alleged government bias against conservatives are flopping and seen as overreaching by half of American adults, according to new polling.
Wikipedia Current Events
March 28
Disasters and accidents
- Chihuahua migrant center fire
- At least 39 people are killed and 29 others are injured after during a fire at a migrant center near the Mexico–United States border. (AP)
International relations
- Philippines drug war
- Philippines president Bongbong Marcos announces that the country will cut ties with the International Criminal Court due to the ICC's refusal to suspend its investigation on alleged crimes committed by the administration of former president Rodrigo Duterte during the war on drugs in the country. (Bloomberg)
March 27
Armed conflicts and attacks
- Russian invasion of Ukraine
- Attacks on civilians in the Russian invasion of Ukraine
- A Russian missile strike on Sloviansk, Donetsk Oblast, kills at least two civilians and injures 29 others. (Euronews)
- The head of the Blagodarnensky District in Stavropol Krai, Russia, announces the death of Dmitry Lisitsky, commander of a battalion of the 247th Guards Air Assault Regiment who participated in the 2014 Battle of Ilovaisk. Ukraine says that he was killed in battle while pro-Russian sources say that he committed suicide. (Novaya Gazeta Europe)
- Attacks on civilians in the Russian invasion of Ukraine
- Afghanistan conflict
- Six people are killed and several others are injured when a suicide bomber detonates himself near the Ministry of Foreign Affairs headquarters in Kabul, Afghanistan. (Al Jazeera)
Disasters and accidents
- At least 16 people are killed by a landslide in Alausí, Chimborazo Province, Ecuador. (BBC News)
- A train transporting hazardous materials derails near Wyndmere, North Dakota, with 31 out of 70 train cars damaged. (KARE-TV)
International relations
- Foreign relations of Taiwan
- Cross-Strait relations
- Former Taiwanese President Ma Ying-jeou becomes the first Taiwanese leader to visit mainland China since the end of the Chinese Civil War in 1949, meeting with China's Taiwan Affairs Office deputy chair Chen Yuanfeng in Shanghai. Taiwan's ruling Democratic Progressive Party criticized this visit as "endorsing" China's position on Taiwan. (Al Jazeera)
- Honduran President Xiomara Castro orders Taiwanese diplomats to vacate the country's embassy in Tegucigalpa within 30 days, one day after the country established diplomatic relations with the People's Republic of China. (Reuters)
- Cross-Strait relations
- Enlargement of NATO
- The National Assembly of Hungary votes 182–6 to approve Finland's accession to NATO, leaving Turkey as the last remaining NATO member to approve Finland's membership in the military alliance. (France 24)
Law and crime
- 2023 Covenant School shooting
- Six people are killed in a mass shooting at the Covenant School in Nashville, Tennessee, United States. The suspect is later killed by responding police officers. (CNN)
- Burkina Faso suspends France 24 broadcasts after the news agency aired an interview with the leader of al-Qaeda in the Islamic Maghreb earlier this month. The Burkinabé government accused France 24 of being a "mouthpiece for terrorists" and "hate speech", which the agency denies as "unfounded". (Reuters)
- One person is killed and five others are injured in a mass stabbing at a school in São Paulo, Brazil. (Reuters)
Politics and elections
- 2023 Israeli anti-judicial reform protests
- Prime minister Benjamin Netanyahu announces a pause on his government's controversial judicial reform bill until April 30, the opening of the Knesset's summer session. (USA Today)
- 2023 Scottish National Party leadership election
- Health and Social Care Secretary Humza Yousaf is elected as the new leader of the separatist Scottish National Party, defeating Finance Secretary Kate Forbes with 52.1% of the vote. (BBC News)
- The Iraqi Parliament passes a series of amendments reducing the electoral districts in each governorate to one, ahead of local elections in November. Voting blocs and independent members who boycotted the vote claim the amendments make it more difficult for the opposition to get elected. (Al Jazeera)
Science and technology
- Censorship of TikTok, Censorship of Twitter
- France bans the use of Instagram, TikTok, Twitter, and other apps on government employees' phones due to concerns relating to insufficient data security measures. (AP)
- Scientists discover lunar water samples in tiny glass beads from the Moon in studies published by the Nature Geoscience journal. (ABC News)