Thursday☕️

Trending:

• FAA Delays All US Flights

Stocks/Economy:

• Yesterday's US market performance:

• Inflation data (CPI) will be released today @8:30 AM EST.
• The average interest rate for a 30-year fixed mortgage decreased last week from 6.58% to 6.42%.
• Mortgage applications to buy a home fell 1% for the week and continue to be 44% lower than a year ago, which is the lowest since 2014.

Crypto:

Business News:

• Jonathan Pruzan, chief operating officer at Morgan Stanley, is leaving the firm to pursue other opportunities.
• Rolls-Royce sold 6,021 cars in 2022, the most in its 119-year history.
• Apple reportedly plans to debut its VR headset this spring and begin shipping units this fall.
• Microsoft is reportedly considering an investment of $10 billion in OpenAl as part of a deal that would include the tech giant receiving 75% of OpenAl's profits until it recoups that investment.

FAA Delays All US Flights:

• Departing flights across the US were grounded Wednesday morning after the Federal Aviation Administration (FAA) experienced a system failure.
• Operations resumed a few hours later, and the FAA lifted the grounding order. The temporary outage resulted in 3700+ flight delays nationwide.

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