Marc Andreessen Calls AI Job-Loss Fears 'Fake', Expects Employment Gains

US Pending Home Sales Barely Bounce Off Record Lows Despite Tumbling Rates In Feb After reaching a record low last month - with the decline blamed on weather - pending home sales bounced modestly in February (up 1.8% MoM vs -0.6% MoM exp and -10.% MoM prior). Year-over-year home sales continue to decline (down 0.6% YoY)... Source: Bloomberg ...just barely off of all-time-record lows... Source: Bloomberg Pending home sales in the South, the biggest home-selling region in the country, increased 2.7%. They rose 4.6% in the Midwest and edged up in the West. Contract signings dropped in...

IEA Chief Warns Gulf Flows May Take Six Months To Restore After Biggest-Ever Energy Shock The head of the International Energy Agency told the Financial Times on Friday that the world is severely underestimating the scale of the Gulf energy shock, and that it may take at least six months to restore disrupted oil and gas flows. Fatih Birol described the conflict, now in its third week, as "the greatest global energy security threat in history", and said it would take time "to have oil and gas rehabilitated". "It will be six...

Amazon Data Centers "Disrupted" Across Bahrain After Drone Activity Brent crude futures are back in triple-digit territory as fighting in the Middle East continued overnight, even as President Trump claimed that talks are underway with Iran to resolve the conflict, which has now entered its fourth week. Overnight, the Amazon Web Services in the Bahrain region was severely "disrupted," according to Reuters, citing an Amazon spokesperson, following drone activity in the area. The spokesperson would not confirm whether Iranian drones struck any data centers. "As this situation evolves and, as we have...