March 23 (Thursday)
Latest Morning Briefing Executive Summary: Communication Services & AI
The S&P 500’s Communication Services sector has outperformed all ten of its counterparts so far this year, up 18% ytd. Jackie examines the constituent industries and companies that have been driving the sector’s strong showing, with a particular focus on Meta, up 68% ytd. … Also: Companies in diverse industries are harnessing the power of AI in manifold ways to help people work faster, smarter, and even more deceptively (beware of AI fakes!). This week’s disruptive technologies segment highlights some of the players in the AI space and the innovative products they’re turning out.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on March 20.
Markets
US Households Likely to Sell $750 Billion in Stocks, Goldman Sachs Estimates | B
Big Oil Eyes New Deals in North Africa Amid Rising Energy Demand | W
Central banks
Fed Raises Rates but Nods to Greater Uncertainty After Banking Stress | W
Fed Chair Powell’s Bond Market Guide to Recessions Shows Rate Cuts Are Coming | B
Fed Walks Tightrope Between Inflation and Financial Instability—but for How Long? | W
Central banks keep hiking rates amid banking turmoil | R
The sure-footed Fed of the past year now in doubt about next policy step | R
Banks
BOE Governor Says Global Banking System More Robust Than in 2008 | B
Chief Risk Officer: The Most Thankless Job in Banking | W
Evaluating demise of Silicon Valley Bank and role of ‘regulators’ | WT
US
Steady Jobless Claims Show Labor Market Remains Strong | W
Donald Trump Grand Jury Is Called Off for Wednesday | W
Europe
It Wasn’t Just Credit Suisse. Switzerland Itself Needed Rescuing. | W
Industries & companies
Financials: Credit Suisse Collapse Creates New York, London Run for Jobs in Finance | B
Pharma: Moderna to Price Its Covid-19 Vaccine at $130 a Dose | W
Geopolitics & trade
China Is Starting to Act Like a Global Power | W
China’s Economic Lifeline to Russia Gives Beijing Upper Hand | W
China Says It Opposes Forced Sale of TikTok | W
Technology
These Employees Aren’t Scared ChatGPT Is Taking Their Jobs | W
Panera Bread debuts contactless palm payment through Amazon One | Nation’s Restaurant News
