March 24 (Friday)
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
Stock Market Today: Dow Drops, Deutsche Bank Slumps | W
Banks
Banks ramp up use of new Fed facility created in crisis | C
Companies Big and Small Lose Access to Credit Amid Bank Stress | W
SVB Debacle Brings The Fed One Step Closer To Becoming Provider Of First Resort | FO
Yellen: Treasury to take ‘additional actions if warranted’ to stabilize banks | C
Janet Yellen is selling bank crisis short as execs fear dozens more teeter on brink | P
Janet Yellen’s Blurred Lines on Bank Depositors | W
Omarova: My ‘Golden’ Idea Could Save Bankers | NYT
The most dangerous part of the Silicon Valley Bank bailout | FO
What Argentina’s economy and inflation tell us about the current banking crisis | Vox
US
Here’s What Retirement With Less Than $1 Million Looks Like in America | W
Pulitzer-prize author has a theory on why poverty persists in the U.S. | C
Japan
Morning Bid: Japan CPI a distraction amid thickening global fog | R
Geopolitics & trade
TikTok CEO Testifies, Is Pressed on App’s Chinese Ties at House Hearing | W
US must ban TikTok. Only Google, Facebook should get my data. | USA
Industries & companies
Autos: Ford Says It Will Lose $3 Billion on EVs This Year as It Touts Startup Mentality | W
Autos: Ford’s plan for EV profitability by 2026 | C
Pharma: Sanofi, Regeneron shares pop, data shows asthma drug Dupixent may treat COPD | C
Retail: Walmart lays off hundreds of workers at e-commerce facilities | C
Technology
A 16-Month-Old Chatbot Startup With No Revenue Is Now a $1 Billion Unicorn | W
Crypto
Crypto rebounds from post-Fed sell-off as investors shake off regulatory concerns | C
Binance employees, volunteers tell users how to evade China crypto ban | C
