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China wants to hit “around 5%” growth in 2023. That’s the word from Premier Li Keqiang, who spoke at China’s National People Congress yesterday. A draft budget at the congress revealed the country will boost defense spending by 7.2% to 1.56 trillion yuan ($230 billion).
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Stocks in the U.S. rose on Friday as all major indexes closed higher while Treasury yields dipped. European markets traded higher too. The pan-European Stoxx 600 was up 0.9%, boosted by
$VOLKSWAGEN AG(VLKAF.US)$’s 11.2% jump.
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Bard, Google’s artificial intelligence engine, is “not search,” Jack Krawczyk, the product lead for Bard told
$Alphabet-C(GOOG.US)$ employees. Bard’s magic, instead, is more a “creative companion.” Employees told CNBC they’re confused by Google’s sudden pivot.
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$Amazon(AMZN.US)$ paused construction of “HQ2,” its supposed second headquarters, in Virginia. The company will also close eight of its Go convenience stores. CEO Andy Jassy has been cutting expenses, laying off more than 18,000 employees.
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This week, Federal Reserve Chair Jerome Powell will speak about the economy before Senate committees, and the February employment report will come out. Economists expect one of those to be a major market mover; the other, not so much.
$SPDR S&P 500 ETF(SPY.US)$ $Invesco QQQ Trust(QQQ.US)$ $S&P 500 Index(.SPX.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Dow Jones Industrial Average(.DJI.US)$ 
