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• Dow snaps 5-day losing streak, S&P 500 gains 1.7% as regional banks rally
  Stocks ended sharply higher, but only after a choppy round of...
  Stocks ended sharply higher, but only after a choppy round of afternoon trading that saw the Dow Jones Industrial Average dip into negative territory.
  
  Stocks were lifted as bank shares clawed back a chunk of the ground lost amid the collapse of Silicon Valley Bank. First Republic Bank, which plunged nearly 75% on Monday, bounced back by around 28% in Tuesday's session, while the SPDR S&P Regional Banking ETF rose 2.2%.
  
  
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• Russian Warplane Collides With U.S. Drone Over Black Sea
  A Russian warplane on Tuesday intercepted a U.S....

  A Russian warplane on Tuesday intercepted a U.S. surveillance drone over the Black Sea, striking the drone’s propeller and forcing it down in international waters, according to U.S. European Command, which called the incident “unsafe and unprofessional.”

  
  

  The collision occurred at around 8:03 a.m. Central European Time and involved two Russian Su-27 fighter jets and an MQ-9 Reaper drone, the statement said. One of the Russian fighters struck the propeller of the drone, it said.

  
  
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• Dow industrials up more than 450 points as financial-sector stocks stabilize
  U.S. stocks extended sharp gains Tuesday morning after February...
  U.S. stocks extended sharp gains Tuesday morning after February inflation data matched estimates and suggested pressure on prices continued to cool. The numbers could allay Wall Street's worries about steeper upcoming interest rate hikes from the Federal Reserve at a time when the banking sector is regaining its footing following the collapse of two regional banks.
  

  
  
  • The S&P 500 SPX, 2.04% rose 72 points, or 1.8%, to 3,928
  
  
  • The Dow Jones Industrial Average DJIA, 1.47% added 420 points, or 1.3%, to 32,239
  
  
  • The Nasdaq Composite COMP, 2.40% climbed 232 points, or 2%, to 11,421
  
  
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• Biden’s Democratic supporters in disbelief over his Alaska oil drilling project for ConocoPhillilps
  Environmentalists can’t believe President Biden did what he did this week in approving more oil drilling...
  Environmentalists can’t believe President Biden did what he did this week in approving more oil drilling on federal land in Alaska.
  
  They say he violated his 2020 campaign pledge to ban all new oil drilling on federal land by granting permission to ConocoPhillips to carry out the $8 billion ConocoPhillips Willow oil project, which is expected to produce more than 600 million barrels of crude oil over three decades in Alaska’s North Slope.
  
  The result was alarm and dismay and near-political-apoplexy from activists and many Democratic lawmakers reported Business Insider.
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• Facebook parent Meta to cut 10,000 further jobs and cancel 5,000 job listings
  Meta Platforms Inc. ...
  Meta Platforms Inc. META plans to lay off 10,000 more employees as it focuses on “efficiency” and cost cutting. The company announced its latest bout of layoffs in a Tuesday morning note to employees that was also shared on the company’s corporate blog. The company slashed more than 11,000 jobs back in November. “With less hiring, I’ve made the difficult decision to further reduce the size of our recruiting team,” Chief Executive Mark Zuckerberg said Tuesday. The company plans to let recruiting staffers know of their status tomorrow and announce the impact to tech and business teams in April and May, respectively. He noted that Meta would also close about 5,000 additional roles that the company has yet to hire for.
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