Stocks
ISM Prices Just Printed 70.5. The Dollar Rallied. Rate Cuts Didn’t.
ISM Prices Paid surged to 70.5, the highest since 2022. EUR/USD dropped to 1.17, GBP/USD clings to 1.34 as rate cut bets collapse.
Economy
TotalEnergies Just Hit a Record. Europe’s Defense Rally Faded by Lunch.
TotalEnergies hits a 52-week high at €73 as Brent surges 8 percent on Iran war, while European defense stocks rally on €800 billion ReArm Europe spending and 260 percent gains since 2022.
Stocks
The Meta Oversight Board Just Told Every AI Company What Comes Next
Suzanne Nossel warns AI companies need external oversight as Europe's AI Act faces enforcement delays, Washington gridlocks, and 77 percent of Americans distrust the technology.
Europe
A Shahed Drone Just Hit the Biggest Refinery in the Middle East. Monday’s Oil Open Will Be Ugly.
Iranian Shahed-136 drone hits Saudi Aramco's Ras Tanura refinery, shutting 550,000 bpd. Brent surges 9% past $79. First strike on Gulf energy infrastructure.
Economy
Eight Countries Shut Their Skies and the World’s Busiest Air Corridor Just Went Dark
Joint US-Israeli strikes on Iran ground 3,200+ flights, shut airspace across eight countries, and knock Dubai, Doha and Abu Dhabi offline as EASA warns of prolonged disruption.
Stocks
Netflix Walks Away From Warner Bros. With $2.8 Billion in Its Pocket and Wall Street’s Blessing
Netflix dropped its $82.7B Warner Bros bid in under two hours. Paramount's $111B deal won, but Wall Street thinks the loser got the better outcome.
Economy
Nine Days After the Supreme Court Killed His Tariffs, Trump Is Stalling on Refunds and Rebuilding the Wall
DOJ seeks 4-month delay on $175B tariff refunds as 2,000+ lawsuits mount. EU votes March 4 on Turnberry deal. Section 122 clock ticks toward July.
Stocks
Rolls-Royce Asks Taxpayers for £200 Million — While Returning Up to £9 Billion to Shareholders
Rolls-Royce seeks £200m in UK taxpayer funding for its £3bn UltraFan 30 engine — while announcing £7-9bn in buybacks and record £3.5bn operating profit.
