Good morning. US stock futures dipped in Thursday morning trading as investors digested news of the Federal Reserve’s latest policy decision on interest rates.

"When it comes to long term investing, doing less is often more"

Joel Greenblatt

Top News

Fed pauses interest rate hikes…for now

WHAT: The US Federal Reserve decided to take a break from their recent interest rate hiking spree and give everyone a chance to catch their breathe and assess the impact of the previous ten consecutive rate hikes. But the Fed also had a word of caution for “rate-watchers": they’re plotting moves for two more quarter percentage point increases by the end of the year.

WHY: The central bankers said they will take another six weeks to see the impacts of policy moves as the Fed fights an inflation battle that has shown promising signs as of late.

US lawmakers seek to protect TikTok user info

WHAT: A group of US senators have once again trained their eyes on TikTok. This time, they’re introducing legislation that would protect Americans’ data from being used by US adversaries. According to Senate Finance Committee chairman Ron Wyden the bill would “turn off the tap of data to unfriendly nations and stop TikTok from sending American’s personal information to China”

WHY: Many US lawmakers say Chinese-owned TikTok poses serious security risks to the data of Americans and have sounded the alarm about potential Chinese influence over the platform used by more than 150 million Americans.

EU, Chile collab on mineral projects

WHAT: Chile and the European Union (EU) are getting ready to seal the deal with a memorandum of understanding that is sure to give lithium some extra sparkle! Speaking at a joint press conference, EU Commission President Ursula von der Leyen said the two parties had reached an agreement to develop a “strategic association” to develop lithium and strengthen supply chains.

WHY: Lithium is a key ingredient for electric car batteries and has dominated discussions in the electric vehicle space as countries around the world continue to review emissions standards.

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In Other News

Google brings AI to shopping experience

WHAT: You can run, but you can’t hide from AI these days! This time, online search giant Google is bringing the technology to shopping, aiming to help customers understand how apparel will fit them regardless of body size, along with features for finding products using image-recognition technology.

WHY: Google is the world’s most dominant search engine, but 46% of respondents in a survey of US shoppers conducted last year said they still started their product searches and research on Amazon, according to the research firm CivicScience.

Twitter sued over music copyrights

WHAT: Twitter can’t seem to catch a break recently! This time, the company is being sued by the US National Music Publishers’ Association over allegations that the social media platform violates the copyright of songwriters by using their music on the platform without permission.

WHY: Music companies have long complained that social media platforms have gotten rich using their work. Music is the most popular genre of video on YouTube and has been fundamental to the rise of TikTok.

Feeling hungry? Netflix has got you covered!

WHAT: Netflix is making the leap from the TV screen to the food service industry! The company announced that it is opening up a pop-up restaurant in Los Angeles called “Netflix Bites” that will feature chefs from various Netflix cooking series such as “Chef’s Table”, “Nailed It”, and “Iron Chef: Quest For An Iron Legend”

WHY: Although the streaming giant has launched immersive experiences based on shows before, this is the first time that Netflix is stepping into the restaurant business.

Key Economic Events

•  Thursday - ECB President Christine Lagarde Holds Press Conference

• Friday - U. Of. Mich. Sentiment

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