Financial and Economic News: February 28, 2024

Boosting Your Financial IQ

Major stories developing on the global economic front, including:

• Budget Battle in Congress as Shutdown Looms
• US Dollar is Riding High
• NVIDIA Surge Sparks Market Shakeups
• Apple Ditches EV for AI
• Wood Trades Chips for Code
• Buffet Sits on Record Reserves
• Ant Overruns Citadel
• Telecom Titan Considers Takeover
• Xi Scrutiny Spurs China Brain Drain
• Elon’s Tunnel Vision Proves Short-Sighted

FinWeekly has the latest updates on top market topics and other financial news: In Congress, the looming threat of a shutdown sparks concerns beyond Capitol Hill, while the US dollar rides high amidst global economic uncertainty. NVIDIA's soaring success prompts market shifts, Apple pivots from EV to AI, and Cathie Wood reshuffles her portfolio. Warren Buffett's record reserves contrast with frustration over scarce investment opportunities. Ant Group's bold bid against Citadel signals a power shift in finance, while President Xi's crackdown sparks a brain drain in China's financial sector. Telecom titan Charter eyes a takeover, and Elon Musk's Boring Company faces criticism over its Vegas Loop project. Tune in for insights into these dynamic economic trends shaping our world.

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