Hala,
💬 “ChatGPT Saved Our Relationship” 👫: A couple from Los Angeles credits AI for helping them resolve arguments without the high therapy bills.(1) Who knew all it took to solve a relationship problem was a robot that doesn’t need a coffee break!? 🤖☕
- Bitcoin, the world’s biggest crypto punched through $92,730 on Thursday after the U.S. hit pause on new auto tariffs for Canada and Mexico. The one-month delay gives carmakers some breathing room, but the tariff rollercoaster isn’t over — reciprocal duties are still set to land on April 2. For now, though, traders are taking the reprieve as a green light for risk-on bets.
- With markets sniffing out economic stability, investors piled into Bitcoin and friends. Ether and Solana tacked on more than 2%, while XRP made a modest 1.2% climb. The broader crypto rally suggests traders are embracing optimism — at least until Washington throws another curveball.
- The party might not last long. The U.S. administration is still hinting at fresh trade measures, keeping markets on edge. Meanwhile, Bitcoin traders are now glued to Friday’s crypto summit, where chatter on regulations and institutional adoption could steer the next big move. Buckle up.
Stock Market Update
🏎️💨 Wall Street floored it on Wednesday, shaking off recent blues as investors bet U.S. President Donald Trump’s automaker’s tariff exemption could pave the way for more breaks. The Dow zoomed 1.14% to 43,006.59, the S&P 500 climbed 1.12% to 5,842.63, and the Nasdaq 100 revved 1.36% to 20,628.47. Microsoft and Tesla joined the joyride, bouncing back from their recent skid.(2) What a comeback! 🚀📈
📉↘️ Here in the UAE, Dubai slid 0.8% to 5,313 as Emirates NBD tumbled 3.7%, while Abu Dhabi dipped 0.4% to 9,557, dragged by Borouge’s 6% slump.(3) 🏦🧪
🎬⚓Disney Sailin’ Through Choppy Waters!
Ahoy, Disney’s mighty ship, once a powerhouse of entertainment, is trimming its sails to stay afloat in the stormy seas of the streaming competition! This week, the company waved goodbye to nearly 200 news and network crew members as it tries to stay buoyant amid shifting tides and shrinking cable subscriptions, ratings and revenues.(4) 😬🐭
⚓️🛳 Disney’s Big Adjustments:
- The ABC and Disney Entertainment Networks teams are slashing nearly 6% of their staff, aiming to save on resources.
- Staff at ABC’s “20/20” and “Nightline” shows are being consolidated — less crew, more efficiency. 📉
- The iconic “Good Morning America” hours are now sailing under one captain, as all three hours merge into a single production.
- FX, Freeform, and other Disney cable channels will see cutbacks in their planning and scheduling teams, as Disney focuses on streamlining to stay competitive in the content war. 🐭 ⭐
⚓️💼 A Leaner Disney: What’s Ahead?
With cable television sinking faster than a stone, Disney’s turning its attention to the streaming deck and spending more on sports and entertainment. This is not the first time Disney has had to let go of some crew members — it’s becoming a trend to try and stay afloat in an ocean of ever-changing viewer habits. But will this trim be enough to help Disney fight off the storm of competition from Netflix, Amazon Prime Video, Apple TV, and others? Only time will tell. ⚡️🌊
Closer to Home
- 💰 Saudi banks kicked off 2025 in high gear, raking in SAR 8.14B ($2.2B) in earnings at the end of January 2025 — up 16.2% YoY — fueled by strong lending activity.(5) Looks like credit is the real king. 👑
- 🧪 Saudi Chemical Company’s annual profit increase surged 59.21% to SAR 291.2M in 2024, up from SAR 182.9M in 2023, thanks to soaring sales. Revenue also jumped 31.32% to SAR 6.37B, showcasing business is in its element.(6) 💸
- 🏦 First Abu Dhabi Bank is shaking things up — splitting operations into four divisions to supercharge growth and bringing in Citi veteran Linos Lekkas as head of investment banking.(7) Big moves, bigger ambitions. 💪
What Else Is Trending
- 🛍️ Alibaba’s stock soared 7.5% after unveiling its open-source AI model, QwQ-32B, which rivals DeepSeek using just 5% of data units.(8) Talk about an AI-powered boost. 🤖
- 📱 Facebook’s parent company, Meta, is weighing a bold move — separating Reels from Instagram and launching it as a standalone app. Meta is yet to comment, but will users embrace the split or scroll away?(9) 🤔
- ✨ Meanwhile, spot gold tiptoed up 0.1% to $2,919.54 on Wednesday, hitching a ride on a weaker dollar while investors held their breath for U.S. payrolls data on Friday.(10) 💼
💬Quote of the Day
“All our dreams can come true, if we have the courage to pursue them.” — Walt Disney
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Sources:(1) NDTV, (2) (10) CNBC, (3) Reuters, (4) The Wall Street Journal, (5)(6) (7) Zawya, (8) (9) Gulf News
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