A daily market update from FS Insight — what you need to know ahead of opening bell

“Live each day as if it were your last." — Marcus Aurelius

Overnight

Cleanup of 2.5-mile-long and half-a-mile wide oil spill underway off Southern California coast (Fox)

Bitcoin hit another record high above $71,000 (CNBC)

High-grade bond funds see biggest weekly inflow since September 2020 (BBG)

Unemployment rate rose to 3.9%, a two-year high (RT)

BOJ leaning toward exiting negative rates (RT)

Japan Q4 GDP revised upwards; economy avoids recession (RT)

Costco stock had its worst day in two years (RT)

Sam Altman will return to OpenAI's board with three new directors (RT)

Apple retreats in Epic feud, allows Fortnite return in E.U. (RT)

Aramco hiked dividend 30% to $98B despite profit decline (RT)

BP's carbon emissions rose for the first time since 2019 (RT)

Retail trading platform eToro is seeking a valuation of over $3.5B as it considers a US or UK IPO (Yahoo)

Citigroup held discussions with private credit firms about providing fresh capital to Peloton Interactiveto potentially refinance the company’s debt; proposals include a loan of at least $750M (BBG)

Canadian businessman Doug Putman is exploring a rescue bid ...

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