Brought to you by:
Top stories today:
- Fed lowers GDP estimate to 1.7% due to tariffs, keeps rates unchanged
- EU continues crackdown against Apple, Google under DMA
- OpenAI o1-Proās API debuts as its most expensive model yet
- Telegram grows to 1B monthly active users, founder Durov reveals
- Pixel 9a unveiled by Google to rival iPhone 16e, starting at $499
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. Fed lowers GDP estimate to 1.7% due to tariffs, keeps rates unchanged, as Trump asks for cuts
Inflation now expected at 2.7% for 2025, from 2.5%.
āThatās really due to the tariffs coming in,ā Fed Chair Jerome Powell said.
President Trump again explicitly called for the Fed to cut rates, challenging the tradition of Fed independence
11 of 19 Fed officials expect at least 2 rate cuts in 2025, down from 15 in Dec.
Higher unemployment and weaker growth projected by the officials than they had anticipated in Dec.
ā[I]nflation coming in from an exogenous source,ā Powell said.
Doroni Aerospace is revolutionizing personal transportation with the H1-X eVTOLāa next-generation flying vehicle designed for the real world. With a $30 million investment secured and a planned joint venture for manufacturing, we believe we have the pathway to bring the H1-X to market.
Why Invest in Doroni?
ā
$30M Investment Secured ā Funded for development & manufacturing
ā
FAA Flight Testing & Certification ā Advancing toward commercial readiness
ā
Production Facility Planned ā Joint venture to scale manufacturing
ā
Innovative & Efficient Design ā Safe, intuitive, and built for everyday use
ā
Massive Total Addressable Market ā Projected multi-billion-dollar eVTOL industry poised for exponential growth
*Sponsored by Doroni ($50,000 contracted). Prospective investors should review the offering materials for details, including all risk factors, before making an investment decision. Any investment involves significant risks, including the potential loss of the total investment. This advertisement is not an offer to sell or a solicitation of an offer to buy securities.
3. EU continues crackdown against Apple, Google under DMA despite Trump threat
Representational image generated using OpenAIās DALL-E.
Apple ordered to open up iOS connectivity features to 3rd-party devices.
Interoperability requests from app developers for Appleās iOS and iPadOS features were also a concern.
āWrap[s] us in red tape,ā Apple said.
Google Search favored its services over rivals, preliminary findings noted.
Whether Google made it hard for developers to āsteerā users outside its app store, regulators questioned.
ā[W]ill hurt European businesses and consumers, hinder innovation, weaken security, and degrade product quality,ā Google said.
