The 2009 Collapse That Never Came: A Lesson in Long-Term Investing
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| 📚 Daily Digest | Tuesday, Mar 7, 2023 | | |  | | | | Powell in Congress, China warnings, Meta job cuts - what's moving markets | | |  | | © Reuters. | | Federal Reserve Chair Jerome Powell testifies on the state of the U.S. economy, his last big appearance before the Fed's next policy-setting meeting. Xi Jinping and his foreign minister, both lash out against U.S. efforts to "contain" China as House Speaker Kevin McCarthy prepares to meet Taiwan leader Tsai Ing-wen and Germany reportedly prepares to ban Huawei and ZTE from parts of its 5G network. Meta is said to be preparing another big round of job cuts, less than four months after the last one. Australia keeps up the global trend of interest rate hikes, and oil prices come off their highs after weak Chinese trade data offsets a price hike by Saudi Arabia. Here's what you need to know in financial markets on Tuesday, 7th March | | | | | | | | | | Today's Top News | | | | | | | | | | Stock Market | | Sea adds 8% after crushing EPS estimates | | Shares of Sea Ltd (NYSE:SE) are up almost 8% in pre-open Tuesday after the company reported much better than expected Q4 results. Sea posted a surprising profit of $0.72 per share... | | | | | | | | | | | | | | | | Is The U.S. Economy Headed Towards A Soft-Landing Or A Hard-Landing? | | |  | | | | | | | | |
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