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Friday Market Movers: Oil Surge and Earnings to Watch
Markets

Friday Market Movers: Oil Surge and Earnings to Watch

On Thursday, U.S. stock markets declined sharply due to rising oil prices and uncertainties in U.S.-Iran negotiations. Major indexes like the Nasdaq 100, S&P 500, and Nasdaq Composite fell to their lowest levels since early 2025, closing below key moving averages. In contrast, the energy sector surged over 10% since the conflict began, with several stocks hitting record highs. For Friday, market attention will be on Carnival's earnings report, technical analysis of Nvidia, and Netflix's price increase. RSI data shows limited oversold conditions, indicating potential market volatility.

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OpenAI Ads Pilot Hits $100M Annual Revenue in Under 2 Months
Tech

OpenAI Ads Pilot Hits $100M Annual Revenue in Under 2 Months

OpenAI's advertising pilot has achieved over $100 million in annualized revenue within two months of its U.S. launch, targeting free and ChatGPT Go users. Ads are placed at the bottom of responses with clear labeling, exempting minors and sensitive topics. Over 600 advertisers are involved, and expansion to Canada, Australia, and New Zealand is planned. Despite early success, some advertisers complain about the slow rollout, which OpenAI defends as a deliberate testing phase. Privacy metrics remain unaffected, and the venture signals a major monetization shift for the company.

Hurricane Tool Cutoff, AI Art Millions, Fan Edits Surge: News Roundup
World

Hurricane Tool Cutoff, AI Art Millions, Fan Edits Surge: News Roundup

A critical U.S. hurricane evacuation tool is being discontinued after a federal contract lapse, impacting emergency planning. Savannah Guthrie publicly discussed her mother's suspected abduction, citing fame as a factor. CNN revealed an international network facilitating drugging, rape, and sharing of abuse videos. AI artist Botto achieved million-dollar sales and art fair recognition through community-driven works. Film studios are increasingly using fan-edited videos to market to Gen Z audiences. Additionally, robot rentals are growing in China for diverse uses like proposals.

Rep. Cherfilus-McCormick in Rare Ethics Hearing Over $5M FEMA Fraud
Politics

Rep. Cherfilus-McCormick in Rare Ethics Hearing Over $5M FEMA Fraud

Democratic Rep. Sheila Cherfilus-McCormick appeared before the House Ethics Committee in a rare public hearing over allegations she stole $5 million in FEMA disaster funds for her 2021 campaign. She faces a federal indictment to which she pleaded not guilty, and an ongoing House ethics investigation that could lead to expulsion. The hearing highlighted tensions between congressional ethics processes and criminal proceedings, with her lawyer arguing for a pause due to fair trial concerns. Lawmakers from both parties emphasized the seriousness, while Democrats deferred to the process. The situation reflects broader scrutiny of congressional oversight and ethical conduct, with potential political ramifications for her party.

Deputy AG: All Trump Criminal Investigators Exited DOJ, FBI
Politics

Deputy AG: All Trump Criminal Investigators Exited DOJ, FBI

Deputy Attorney General Todd Blanche stated at CPAC that all Justice Department and FBI employees involved in criminal investigations of Donald Trump have left the agencies, citing over 200 departures, though this number is unverified. The investigations, led by special counsel Jack Smith, were dropped before Trump's second term began in January 2025. These actions align with Trump's campaign pledge to end the "weaponization" of justice. Firings have affected various staff, with some receiving termination letters citing distrust due to their prosecution roles. Recent moves include FBI Director Kash Patel firing employees linked to the classified documents case as part of an internal review.

Noelia Castillo's 20-Month Euthanasia Battle Ends in Spain
Health

Noelia Castillo's 20-Month Euthanasia Battle Ends in Spain

Noelia Castillo, a 25-year-old Spanish woman, died by euthanasia on January 4, 2024, following a 20-month legal battle. She suffered from severe physical and mental health issues, including paralysis from a suicide attempt after experiencing sexual abuse. Her euthanasia request was legally approved but contested by her father through multiple courts, all of which upheld her right under Spain's 2021 euthanasia law. The case sparked public debate on end-of-life choices and personal autonomy. Castillo emphasized her desire to end chronic suffering and chose to be alone during her final moments.

Arctic Sea Ice Maximum Falls to Record Low
World

Arctic Sea Ice Maximum Falls to Record Low

The Arctic sea ice maximum for 2024 reached a record low of 5.52 million square miles, 9% below the 1981-2010 average, as reported by NASA and NSIDC. This continues a steep decline observed over the past four decades, with the lowest levels in the last 19 years. Scientists project an ice-free Arctic summer by 2050 due to ongoing climate change. The loss of sea ice reduces Earth's albedo, increasing heat absorption and contributing to global warming. Experts attribute this to fossil fuel emissions and warn of cascading effects on weather patterns. This event highlights the urgent need for climate mitigation efforts.

AARP: Family Caregivers Provide $1 Trillion in Unpaid Care Yearly
Health

AARP: Family Caregivers Provide $1 Trillion in Unpaid Care Yearly

AARP's 2024 report estimates that 59 million American family caregivers provided 49.5 billion hours of unpaid care worth $1.01 trillion annually, surpassing Medicaid and out-of-pocket health expenditures. Caregivers handle tasks like medication management and daily assistance, often while working and raising children. AARP is pushing for tax credits at state and federal levels to alleviate financial strains. Experts caution that the true economic value may be higher due to the broad scope of unpaid work. The report underscores the increasing burden on caregivers and the urgency for policy support.

Netflix Raises Prices on All Streaming Plans
Business

Netflix Raises Prices on All Streaming Plans

Netflix has increased subscription prices for all streaming plans, with the ad-supported tier at $8.99, standard at $19.99, and premium at $26.99 monthly. The hikes fund content investments, including live events and podcasts, with $20 billion planned for 2026. Revenue is forecasted at $50.7-$51.7 billion for 2026. Netflix previously considered acquiring Warner Bros. and HBO Max but lost to Paramount. This aligns with industry-wide efforts to achieve profitability through price adjustments.

UBS: S&P 500 Could Range from 5,350 to 7,150 Based on Iran Conflict Outcome
Markets

UBS: S&P 500 Could Range from 5,350 to 7,150 Based on Iran Conflict Outcome

The U.S.-Iran conflict, starting Feb. 28, has pressured the S&P 500, which fell over 5% in March. UBS forecasts three scenarios based on conflict duration: a quick end could see the index rise to 7,150; a prolonged conflict to April might drop it to 6,000; and energy shortages could plunge it to 5,350. Asian markets face the greatest risk due to energy dependence, with Europe also expected to underperform. UBS economist Arend Kapteyn warned that oil price spikes typically lead to recessions, underscoring economic vulnerabilities.

Inflation Hedge: TIPS, Commodities, Stocks for Investors
Markets

Inflation Hedge: TIPS, Commodities, Stocks for Investors

The Iran war has propelled oil prices upward, exacerbating inflation above the Fed's 2% target and raising concerns about eroded purchasing power. Investors can hedge with Treasury Inflation-Protected Securities (TIPS), but these involve risks like price swings and complex tax treatment. Commodities provide an alternative hedge yet are volatile, with gold declining recently; experts recommend restricting allocations to 5%. For those with long time horizons, stocks are a viable option, and increasing retirement contributions is suggested. Overall, strategies should align with individual risk profiles and investment timelines.

Oscars Move to Downtown LA: Peacock Theater New Home from 2029
Entertainment

Oscars Move to Downtown LA: Peacock Theater New Home from 2029

The Academy Awards will move from Dolby Theater in Hollywood to Peacock Theater at L.A. Live in Downtown Los Angeles starting in 2029, as announced by AMPAS. The new venue will be upgraded via a partnership with AEG, and the ceremony will stream on YouTube from 2029. Until 2028, the Oscars will continue at Dolby Theater and broadcast on ABC. Dolby Theater, the Oscars' home since 2002, is embedded in a shopping center with retail outlets. L.A. Live offers a vibrant entertainment setting with nearby venues like Crypto.com Arena. This relocation marks the first change in Oscars location in over 20 years.

Meta Not New Tobacco, Cramer Warns Against Selling After Court Rulings
Business

Meta Not New Tobacco, Cramer Warns Against Selling After Court Rulings

Meta Platforms incurred two major legal losses this week, with juries awarding $6 million and $375 million in damages for negligence and consumer protection violations. The company's stock fell over 8% following the rulings. Analyst Jim Cramer cautioned investors against selling Meta shares, arguing it is not comparable to the tobacco industry. He cited potential recovery from cost cuts and upcoming earnings. The cases challenge Section 230 protections and could lead to more litigation. Despite legal risks, Cramer maintains a buy rating on Meta with an $825 target, noting limited teen revenue exposure but significant AI spending pressures.

March Madness Sweet 16: Must-See Matchups and Storylines
Sports

March Madness Sweet 16: Must-See Matchups and Storylines

The Sweet 16 of the 2024 NCAA Men's Basketball Tournament begins with four games highlighting key narratives. Texas, a Cinderella team from the First Four, faces Purdue. Nebraska and Iowa engage in a Big Ten rivalry with both teams having historic opportunities. Arizona challenges Arkansas, with John Calipari aiming for a Final Four with a fourth school. Houston, playing at home, meets Illinois in a contest where both coaches pursue their first Final Four. The matchups are expected to be closely contested with strong defensive play.

Fed Urges Judge to Deny Subpoena Revival in Powell Probe
Politics

Fed Urges Judge to Deny Subpoena Revival in Powell Probe

The Federal Reserve formally opposed prosecutors' request to reconsider a court order blocking subpoenas in a criminal investigation of Fed Chair Jerome Powell. Fed attorneys argued the motion lacks legal merit, as there has been no change in law, new evidence, or clear error to justify reconsideration. The probe examines costly renovations at the Fed headquarters and Powell's related congressional testimony. The Fed alleges the investigation is a pretext to coerce faster interest rate cuts, aligning with demands from former President Donald Trump. The matter is pending before Judge James Boasberg in Washington, D.C.

MLB Lockout Risk, Media Overhaul in Historic Shift
Sports

MLB Lockout Risk, Media Overhaul in Historic Shift

Major League Baseball's collective bargaining agreement expires after the 2026 season, raising the likelihood of a lockout as owners pursue a salary cap. Simultaneously, the league is overhauling local media rights, with nine teams moving to MLB-operated channels and a goal to unify all 30 by 2028 for a national streaming package. Despite these challenges, baseball enjoys rising TV ratings and attendance due to the pitch clock's success. Commissioner Rob Manfred has also floated expansion to 32 teams and geographic realignment. These shifts could redefine MLB more profoundly than other major U.S. sports leagues.

Retail Traders Skip Dip-Buying Amid Trump Volatility
Markets

Retail Traders Skip Dip-Buying Amid Trump Volatility

In the week of March 19-25, 2025, U.S. retail investor flows dropped to $3 billion, far below the 12-month average, as market volatility from the Middle East conflict dampened dip-buying activity. The 'TACO' strategy, which relied on President Trump backing down from tariff threats, has lost efficacy due to sustained volatility. Retail traders are shifting towards large-cap and consumer staple stocks while selling energy and tech sectors. Major indexes have declined since the conflict began, with retail participation reaching multi-month lows. Analysts cite cautious sentiment and deleveraging as key factors in this retreat.

Stocks making the biggest moves midday: Meta, Best Buy, AppLovin, Scotts Miracle-Gro and more
Markets

Stocks making the biggest moves midday: Meta, Best Buy, AppLovin, Scotts Miracle-Gro and more

Trong phiên giao dịch giữa ngày, nhiều cổ phiếu có biến động mạnh. Meta Platforms giảm hơn 6% sau khi thua hai vụ kiện về an toàn trẻ em. AppLovin mất gần 8% do xu hướng chi tiêu thương mại điện tử suy yếu. Best Buy tăng 4% vì tin đồn GameStop có thể thâu tóm. Snapchat giảm gần 9% vì EU điều tra về việc bảo vệ trẻ em. Pony AI mất 13% bất chấp lợi nhuận quý đầu tiên, trong khi Navan tăng 27% nhờ dự báo doanh thu 2027 vượt kỳ vọng. MillerKnoll giảm gần 23% vì lo ngại tác động từ xung đột Trung Đông.

Fannie Mae Accepts First Crypto-Backed Mortgage from Better, Coinbase
Business

Fannie Mae Accepts First Crypto-Backed Mortgage from Better, Coinbase

Fannie Mae has approved its first crypto-backed mortgage product, created by Better Home and Finance and Coinbase. This innovation enables homebuyers to use cryptocurrencies like bitcoin or USD Coin as collateral for down payments. It primarily serves crypto asset holders looking to avoid selling for tax reasons and addresses down payment barriers for younger generations. The crypto assets are held in custody during the loan term, with loan terms stable despite market volatility. This development integrates digital assets into traditional mortgage financing, marking a significant step in financial technology adoption.

Kharg Island: US Assault Risks and Iran's Oil Hub Defense
World

Kharg Island: US Assault Risks and Iran's Oil Hub Defense

Kharg Island is a critical oil export facility for Iran, processing about 90% of its crude exports. Recent US military deployments near the region have sparked speculation about a potential assault on the island. Experts warn that a US ground attack would face strong Iranian defenses, including drones, missiles, and mines, and may not achieve strategic objectives. Iran has been reinforcing its defenses on Kharg with additional missile systems and mines. Historically, the US has attacked the island before, and Trump has long threatened to seize it. Regional allies oppose US occupation due to concerns over casualties and conflict escalation.

Harry Potter HBO Max Reboot Trailer: 2026 Series First Look
Entertainment

Harry Potter HBO Max Reboot Trailer: 2026 Series First Look

HBO Max has unveiled the trailer for its "Harry Potter and the Philosopher's Stone" series, an eight-episode reboot set for a Christmas Day 2026 release. The production features a star-studded cast including John Lithgow, Janet McTeer, and Nick Frost, with newcomers in the lead roles. Filming occurs in the UK at Warner Bros. Studios, with reported costs reaching $100 million per episode, which could set a television record. Key changes from the films include a new score by Hans Zimmer and a fresh ensemble cast. The trailer emphasizes familiar elements like Privet Drive and Hogwarts to engage existing fans. This series is part of HBO Max's expansion into the UK and Irish streaming markets.

AI Artist Botto Nets Millions at Art Basel Hong Kong
Entertainment

AI Artist Botto Nets Millions at Art Basel Hong Kong

Botto, an AI artist by Mario Klingemann, exhibits at Art Basel Hong Kong, generating real-time digital art from visitor emotions. Since 2021, it has sold over $6 million in works via BottoDAO, a community of 28,000+ members who vote on weekly creations. Recent sales include a Sotheby's auction totaling $351,600, with fair pieces priced from $12,000. Botto is becoming more autonomous, now selecting its own themes, and its output shows nuanced creativity. The project raises questions about AI in art, ownership, and the distinct value of human artistry.

Jefferies Highlights Stocks for Humanoid Robot Automation Boom
Tech

Jefferies Highlights Stocks for Humanoid Robot Automation Boom

Jefferies' report predicts humanoid robots will drive significant automation growth over the next decade, fueled by an aging population, labor shortages, and AI/semiconductor advances. Initial adoption is expected in commercial settings with clear ROI, expanding globally. Key beneficiaries include Tesla for robot development, metal producers like Freeport McMoRan, Alcoa, and Nucor, and Analog Devices for sensor technologies. Analysts rate Tesla as hold with a $300 target and Analog Devices as buy with a $410 target, highlighting both opportunities and uncertainties in commercial viability.