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• JPMorgan Chase authorized a $5 billion share repurchase program, effective immediately, following a strong first quarter in which net income exceeded $6.2 billion and return on equity reached 15.3%. • CEO Jamie Dimon stated that the buyback reflects management confidence in the bank's capital position and long-term earnings trajectory despite macroeconomic headwinds. • The announcement signals investor-friendly capital allocation policies among major financial institutions, supporting bank stock valuations and demonstrating the sector's resilience amid ongoing rate cut speculation.

• Houston Rockets owner Tilman Fertitta agreed to purchase the WNBA's Connecticut Sun and will relocate the franchise to Houston, as announced by the team on March 30, 2026. • The move expands Fertitta's sports portfolio and brings a WNBA team to Houston for the first time, tapping into the city's growing basketball market. • This relocation could boost WNBA visibility in the South, with Fertitta's resources likely accelerating arena and fanbase development for the team.

State and federal leaders due to discuss assistance for business sectors but petrol rationing not expected to find backingFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastFarmers say the federal government must help them with tax breaks and underwriting fertiliser purchases to survive the fuel crisis, with Monday’s national cabinet expected to discuss more assistance to businesses amid ballooning petrol prices.Federal and state governments have remained tight-lipped about what would be on the meeting’s agenda but state premiers have urged the Albanese government to take a stronger national coordination role in the crisis. Continue reading...

• Bank of America reinstated coverage of Microsoft (MSFT) with a Buy rating and $500 price target, implying 31% upside potential on March 24, 2026. • Analysts cite durable multi-year growth in cloud and AI, positioning Microsoft to capitalize across infrastructure and applications. • The reaffirmation comes amid tech sector pressure from geopolitical tensions, highlighting AI monetization as a key beneficiary.

Tehran denied negotiations that delayed US strikes and Trump was vague on the details, but talks signal renewed push for peace from regional powersThere have been so many abortive rounds of diplomacy between the US and Iran – the latest appearing to be led by Pakistan after Washington has burned through many other regional mediators – that it was hardly a surprise that President Trump’s claims of “very good” talks with Tehran initially provoked disbelief – especially after Iran denied that any negotiations were taking place at all.Nonetheless, standing beside Air Force One, Trump did his best to sell the sudden detente with little detail as a US ultimatum to bomb Iran’s power plants loomed unless Tehran opened up the strait of Hormuz. It was lost on few that the sudden about-face came just hours before US markets were to open for what promised to be another punishing round of trading on Monday. Continue reading...

• Elon Musk stated Tesla and SpaceX AI will continue large Nvidia chip purchases even as Tesla advances its AI5 chip, optimized for edge compute in Optimus and Robotaxi. • Tesla's Terafab AI chip manufacturing facility is set to launch within seven days from March 14, potentially by March 21. • Musk praised Nvidia CEO Jensen Huang, noting AI5's efficiency in half-reticle format could halve fab needs, with AI6 potentially matching dual AI5.

Admission came during questioning at Senate intelligence committee worldwide threats hearingThe Federal Bureau of Investigation has started buying location data on Americans, FBI director Kash Patel said under oath at the Senate intelligence committee worldwide threats hearing on Wednesday.Patel’s admission came in response to a question from the senator Ron Wyden, an Oregon Democrat who is a longtime opponent of the warrantless surveillance of Americans. Wyden told Patel that his predecessor, Christopher Wray, testified in 2023 that the FBI did not at that time purchase location data derived from internet advertising, although he acknowledged that it had done so in the past. Continue reading...