Powell Tells Congress He’s Leaning Toward Quarter-Point Hike

Powell Tells Congress He’s Leaning Toward Quarter-Point Hike

"Stock markets roared back on Wednesday, with the S&P 500 notching a 1.9% gain for the day after Fed Chair Powell told Congress in his semiannual testimony that he is leaning toward a quarter-point interest rate increase in March to fight inflation."

Xi’s mounting woes

Key reading:

Explainers you can use

Reuters Technology Roundup: TSMC says checking impact from Taiwan power outages

TSMC says checking impact from Taiwan power outages

China’s Tencent to reduce transaction fees on WeChat payments for SMEs

CNN confirms streaming service CNN+ to launch this spring

Amazon CEO pledges logistics, cybersecurity support for Ukraine

Snowflake shares plunge 30% on forecast for weaker growth

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PayPal stops accepting new users in Russia

Spotify closes its office in Russia in response to attack on Ukraine

EXCLUSIVE Ukraine to seek action against Russia from about 50 gaming, cloud and other tech firms

U.S. states probing TikTok’s effects on young people

Google mandates workers back to Silicon Valley, other offices from April 4

BackBone.Js by Example [Bengali]. Concepts in Backbone.js

https://youtu.be/qF9IgtdOTYQ

Backbone

https://youtu.be/NIYd0S4jkVM

aws magento 2 php check log check how to config deal with errors

https://youtu.be/MlHXYeohfEM

Stocks for the Volatile Time

However, I will not buy any of these…Neither will I buy any individual stock/equity

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“Rather than growth or defensiveness, the market wants operational efficiency defined as low capex/sales growth and employee turnover.” "

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In a challenging environment, these stocks are delivering what the market wants to see, says Morgan Stanley

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Newest Jobs from Crunchboard

TechCrunch: Newest Jobs from Crunchboard: USA Jobs

At a nearby park, McCowan, Scarborough, Toronto

https://youtu.be/hT8pqUhxhsQ

Today’s Markets

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Today’s Markets
In Asia, Japan +0.2%. Hong Kong -0.2%. China +0.3%. India +0.7%.
In Europe, at midday, London -1%. Paris -2.9%. Frankfurt -2.2%.
Futures at 6:20, Dow -1%. S&P -1.2%. Nasdaq -1.2%. Crude +4.2% $95.42. Gold +1.2% to $1909.60. Bitcoin -2.6% to $38,281.
Ten-year Treasury Yield -7 bps to 1.91%

Today’s Economic Calendar
8:30 International Trade in Goods (Advance)
8:30 Retail Inventories (Advance)
8:30 Wholesale Inventories (Advance)
9:45 Chicago PMI
10:30 Dallas Fed Manufacturing Survey
10:30 Fed’s Bostic: “The Federal Reserve and the Economy”
3:00 PM Farm Prices
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Ref: SeekingAlpha