1. U.S. stock options pointed towards a slightly higher open on Friday. However, this close would not be enough to make up the losses of last week. This is because the Federal Reserve has indicated that more aggressive measures must be taken to curb inflation. Technology stocks were the worst affected by the rise in Treasury yields. The Nasdaq fell more than 2.5% Thursday, breaking a streak of three consecutive weeks. The S&P 500 was also tracking for its first weekly loss in four weeks, down 1% from Monday to Thursday. Close to 0.7% was lost by the Dow Jones Industrial Average for this week, marking its second consecutive weekly loss. The banks will begin the first quarter earnings season next week.

2. Friday saw the 10-year Treasury yield rise, exceeding the 2.667% mark set in May 2019. It also remained higher than its 2-year counterpart. For the first time since 2019, they were inverted last week. Another key Treasury yield spread — the 5-year/30-year — remained inverted Friday after flipping last week for the first time since 2006. Because they are historically occurring before economic recessions, the inversions can be significant.

U.S. crude oil prices rose slightly on Friday but still remained under $100 per barrel. West Texas Intermediate crude declined more than 3% this week after a roughly 13% decrease last week. This was in response to the U.S.’s largest ever release from the Strategic Petroleum Reserve. Other member countries of the International Energy Agency joined the efforts to reduce soaring gasoline and oil prices.

3. On Friday, a Russian rocket strike on an eastern Ukrainian railway station killed over 30 and injured more than 100. It was full of evacuees awaiting to return to the safer areas in war-torn Ukraine. Ukrainian leaders warned that combat in Donbas where Russia has engaged in military operations for many years will be reminiscent of World War II. The Kremlin admits that Russian forces have been subject to “significant losses,” despite not expecting such resistance in the unprovoked invasion.

4. Twitter plans to host a Q&A session with Elon Musk, the social network’s biggest shareholder and incoming board member, according to The Washington Post, citing internal company messages. After a week of outrage from employees, Parag Agrawal (the CEO Twitter) announced that the session would be held in town hall.

Musk was the richest man in the world, speaking at the grand opening of the $1.1 billion electric carmaker’s factory close to Austin, Texas. The Tesla CEO stated at the event that the company aims to produce 500,000 Model Ys in Austin within a year. Additionally, the company plans to begin production of its Cybertruck in Austin next year. Musk had just opened the first Tesla factory in Germany, two weeks earlier.

5. Peter Thiel is a multi-billionaire venture capitalist who said Thursday at a bitcoin conference that Warren Buffett was on an “enemies’ list of people trying to stop the largest cryptocurrency. Thiel described the legend investor as “the socioopathic grandpa of Omaha”, referring to Omaha, Nebraska where Buffett’s Berkshire Hathaway headquarters is. Thiel also referred to JPMorgan CEO Jamie Dimon, and BlackRock CEO Larry Fink in his “gerontocracy”, which oversees global finance. Thiel’s most bold and public attack yet on people who stand in the way bitcoin’s progress, in which he has a lot of investments, is the Miami tirade.

— CNBC reporters Sarah Min, Natasha Turak, Lora KolodnyAnd Jennifer EliasThis report was also contributed by Reuters, The Associated Press and others.

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