News

The stock market ended the week on a mixed note, with the Nasdaq eking out a slight gain while the S&P 500 and Dow Jones Industrial Average retreated. Investors grappled with the Federal Reserve's decision to maintain interest rates and revised economic projections indicating slower GDP growth and elevated inflation for 2024.

NBA legend Shaquille O'Neal's "accidental" $250,000 investment in Google during its early days has grown exponentially, contributing significantly to his current net worth of $500 million. This highlights the potential of tech investments and the importance of diversification for athletes beyond their playing careers.

Warren Buffett has made his annual March Madness bracket challenge for Berkshire Hathaway employees easier to win this year, offering a $1 million grand prize for accurately predicting the winners of 30 out of the 32 first-round games. Despite the eased conditions, winning the challenge remains a daunting task with estimated odds of 1 in 9.2 quintillion.

Wall Street is increasingly concerned about a potential recession, with indicators such as rising recession expectations, struggling households, and declining corporate outlooks pointing towards an impending economic downturn. The growing chorus of warnings suggests that a recession may be closer than many anticipate.

A power outage at London's Heathrow Airport caused widespread flight disruptions, potentially costing airlines millions of dollars and leaving thousands of passengers stranded. The incident underscores the vulnerability of global airline networks to unexpected disruptions and the need for robust contingency plans.