๐ Economic Releases
| Time (ET) | Event | Impact |
|---|---|---|
| NONE | NO U.S ECONOMIC RELEASES | Low |
๐ Earnings Today
| Symbol | Name | Time | EPS Est |
|---|---|---|---|
| China Petroleum & Chemical Corporation | โ | 0.03 | |
| China CITIC Bank Corporation Limited | โ | โ | |
| China Hongqiao Group Limited | โ | โ | |
| XPeng Inc. | โ | -0.18 | |
| Zhaojin Mining Industry Company Limited | โ | 0.59 | |
| XPeng Inc. | Before Open | -0.06 | |
| China Power International Development Limited | โ | โ | |
| DiaSorin S.p.A. | โ | 0.92 | |
| Wynn Macau, Limited | โ | โ | |
| China Everbright Environment Group Limited | โ | โ |
๐ Stocks in Play
| Symbol | Price | Chg % | Mkt Cap |
|---|---|---|---|
| $178.56 | -1.02% | $4.34T | |
| $14.29 | -3.77% | $35.11B | |
| $2.40 | +3.45% | $3.35B | |
| $16.12 | +3.80% | $20.00B | |
| $444.27 | -3.78% | $500.03B | |
| $46.18 | +2.55% | $230.68B | |
| $17.08 | -0.58% | $21.78B | |
| $10.75 | -0.74% | $4.84B | |
| $380.30 | -3.18% | $1.43T | |
| $8.30 | -0.72% | $46.34B |
๐ฏ Gamma Flip Point โ $SPX (S&P 500 Index)
$SPX gamma flip point is 6757.9 |
๐ฅ Hot Market News
| Jeff Bezos Seeks $100 Billion for New Fund to Automate Manufacturing Companies Jeff Bezos is in talks to raise $100 billion for a new investment fund aimed at purchasing and automating manufacturing companies using AI technology. He has engaged with Middle Eastern sovereign wealth funds and visited Singapore to secure investments.
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| Lawmakers Urge SEC Chief to Restrict Chinese Companies' Access to US Capital Market U.S. lawmakers are calling on the Securities and Exchange Commission (SEC) to impose restrictions on Chinese companies' access to the U.S. capital markets, amid concerns over national security and regulatory compliance issues.
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| OpenAI Plans Desktop Superapp to Improve UX Amid Intense Anthropic Rivalry OpenAI is developing a desktop superapp aimed at enhancing user experience in response to increasing competition from Anthropic.
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| Blue Origin Files Plans for 'Project Sunrise' Orbiting Data Centers Blue Origin has filed plans with the FCC for 'Project Sunrise,' a venture to create space-based data centers by launching up to 51,600 satellites. This project aims to compete with SpaceX's own orbital data center plans and involves using lasers to transmit data to Earth, despite not yet receiving FCC clearance for its Starlink competitor, TeraWave.
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| Uber to Invest Up to $1.25 Billion in Rivian for 50,000 Robotaxis Uber Technologies plans to invest up to $1.25 billion in Rivian Automotive to deploy up to 50,000 robotaxis in various countries by 2031, starting with an initial purchase of 10,000 Rivian R2 autonomous vehicles. The partnership aims to launch robotaxis in 25 cities across the U.S., Canada, and Europe, with an initial $300 million investment subject to regulatory approval.
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| FedEx Corporation Exceeds Expectations with Strong Fiscal Q3 Earnings FedEx Corporation reported an 8.1% year-over-year increase in revenue to $24.0 billion for its fiscal third quarter, with earnings per share of $5.25, surpassing expectations.
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๐ฑ Forex News
| Saudi Arabia sees a spike to $180 oil if energy shock persists past April Amid escalating conflict involving Iran and attacks on energy facilities in the Middle East, oil prices are projected to potentially exceed $180 a barrel if disruptions continue into April. Traders and oil officials are concerned that prolonged high prices could reduce demand substantially or trigger a recession, while fuel prices for consumers have risen sharply, impacting costs for businesses and households.
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| Gold Heads for Biggest Weekly Loss in Six Years Amid Middle East Conflict and Inflation Concerns Gold prices are facing a significant downturn, trading near US$4,685 an ounce after a nearly 7 per cent weekly drop triggered by the Middle Eastern conflict, which has caused a surge in energy prices and raised inflation concerns, reducing hopes for central bank rate cuts.
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๐ช Crypto News
| Crypto.com Cuts 12% of Workforce Amid AI Integration Crypto.com, a cryptocurrency exchange based in Singapore, plans to lay off up to 12% of its workforce, approximately 180 employees, as it advances its AI integration efforts. This move is part of a broader trend of AI-driven job cuts across the tech and crypto sectors, with other companies like Messari and Algorand Foundation also announcing significant layoffs to prioritize AI-focused initiatives.
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| Gemini's Stock Surges After Hours Following 30% Cut to its Workforce Gemini's stock rose 7% in after-hours trading as the company shifted towards stable revenue streams and expanded into prediction markets, marking an improvement in their revenue mix despite a 30% decline in trading volume.
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| Crypto Trading Volumes Hit Lowest Level Since October 2024 Combined spot and derivatives trading on centralized exchanges dropped by 2.41% to $5.61 trillion in February, reaching the lowest level since October 2024. Despite the overall decline, Bullish surged to third place among CEXs, and OKX and Gate increased their derivatives market shares to 18.3% and 12.2%, respectively.
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๐ ๏ธ Free Market Tools
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