What we’re reading (3/9)
“Dow, S&P 500, Nasdaq Futures Fall Following S&P’s Worst Week Since September” (Yahoo! Finance). “US stock futures fell solidly Sunday evening as investors took the weekend to process the February jobs report and prepared for a busy week of economic data, headlined by a report on inflation amid concerns over its resurgence under President Trump's unpredictable trade policy.”
“Mark Carney To Be Canada’s Next Prime Minister” (NPR). “Mark Carney, the former central banker-turned-centrist politician, triumphed over Chrystia Freeland in Sunday's Liberal Party leadership race, paving the way for him to succeed Justin Trudeau as Canada's next prime minister. He is expected to be sworn in early this week.”
“Markets Finally Woke Up To Tariff Reality. Is This A Buying Opportunity?” (Wall Street Journal). “The case for thinking the selloff is overdone is that markets have broadly dropped back to where they were at the election. Some falls are extraordinary: Tesla is down 45% from its high in mid-December. Since its IPO Tesla has fallen more in such a short period only in 2022, when the Federal Reserve was aggressively raising rates.”
“Zuckerberg’s Meta Considered Sharing User Data With China, Whistleblower Alleges” (Washington Post). “Meta was willing to go to extreme lengths to censor content and shut down political dissent in a failed attempt to win the approval of the Chinese Communist Party and bring Facebook to millions of internet users in China, according to a new whistleblower complaint from a former global policy director at the company.”
“US Measles Cases Jump 35% In A Week; Now Found In 12 States” (Bloomberg). “US measles cases jumped by a third over the past week, according to Centers for Disease Control and Prevention data, a worrying sign in the outbreak that’s already linked to two deaths.”
