The Dream Catcher 📢

Happy Holi ji 🌷

Today’s Infographic: Warren Buffett’s Net Worth As Per His Age ⏳ 92Y - $107 Bn ⏳ 88Y - $84 Bn ⏳ 83Y - $58 Bn ⏳ 72Y - $36 Bn

FED'S POWELL: WE WILL EXAMINE INFLATION IN THE GOODS, HOUSING, AND BROADER SERVICE SECTORS.

FED'S POWELL: WE ARE NOT ATTEMPTING TO INCREASE THE UNEMPLOYMENT RATE.

FED'S POWELL: THE FED WILL DO EVERYTHING POSSIBLE TO RESTORE PRICE STABILITY WHILE MAINTAINING MAXIMUM EMPLOYMENT.

FED'S POWELL: WE HAVE MANY UNUSUAL FACTORS INFLUENCING INFLATION, AND NO ONE KNOWS HOW THIS WILL PLAY OUT.

FED'S POWELL: HOUSING SERVICE INFLATION IS EXPECTED TO FALL IN THE NEXT 6-12 MONTHS.

FED'S POWELL: IF WE FAIL TO DO, THE EFFECTS COULD BE EXTRAORDINARILY ADVERSE.

FED'S POWELL: CORE INFLATION HAS NOT FALLEN AS QUICKLY AS WE HAD HOPED AND STILL HAS A LONG WAY TO GO.

FED'S POWELL: HOWEVER, THE CHALLENGE NOW IS IN CORE SERVICES EXCLUDING HOUSING.

FED'S POWELL: WAGES HAVE BEEN MODERATING WITHOUT A LABOUR MARKET SOFTENING.

FED'S POWELL: THERE MAY COME A TIME WHEN OUR MANDATES CLASH.

: Powell steers clear of asking Congress for help fighting inflation from the fiscal side. "I don't think fiscal policy right now is a big factor driving inflation at this moment. But it's absolutely essential that we do slow the pace of growth..."

Zydus receives final approval from the US FDA for Lenalidomide Capsules, 2.5 mg and 20 mg Alert: Lenalidomide is used to treat various types of Cancers

$THO -7.5%: Notably missed on EPS & rev.; Cut FY23 guidance $BKI +3%: To divest Empower Los Business amid FTC scrutiny on the ICE deal. Under amended transaction, $ICE to acquire BKI for $75/shr, a 11% reduction on initial terms

$META +2.5%: edly planning another round of layoffs as soon as this week $KEY -2%: Cuts FY23 NII growth view to 1-4% (prev. 6-9%) $RIVN -6%: Filed to sell $1.3bln of green convertible senior notes due 2029 & capital will help facilitate launch of R2 car

$TEAM +2%: Reduces workforce by 5% w/ actions part of initiative to better position it to execute against largest growth opps $DKS +6%: EPS, rev. & SSS beat w/ strong FY23 profit guide $TCOM +3.5%: Surprise profit per shr. & rev. beat

Israeli forces kill six in Jenin raid: Palestinian health ministry

Egypt's Suez Canal revenues hit $1.5 bln in Jan, Feb, against 1.1 during same period in 2022 - statement

The dollar extended gains against a basket of currencies after Federal Reserve Chairman Jerome Powell said that the U.S. central bank will stay the course, adding that the ultimate level of interest rates is likely to be higher than previously anticipated