April 01 (Saturday)
Latest Morning Briefing Executive Summary: Financials, Semis & The Fountain Of Youth
Financial companies have had it rough lately, but those involved in the capital markets should benefit from easy y/y comparisons this year. Jackie recaps takeaways from Jeffries’ fiscal Q1 earnings, as the early reporter may be a bellwether for the industry, as well as industrywide data and analysts’ expectations for the S&P 500 Investment Banking & Brokerage industry. … Also: The semiconductor industry downturn may finally be ending, says Micron Technology’s CEO. But semiconductor investors are already focused on 2024’s better growth prospects. … And in our disruptive technologies spotlight: a breakthrough in anti-aging science.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on March 27.
Markets
How the S&P 500 is Dominated By Apple and Microsoft | NYT
Bearish Sentiment on Stocks Is Best Thing Market Rally Has Going for It | B
Investors Seek Safety in Tech Stocks, Money-Market Funds | W
Banks
Too Small to Survive? | City Journal
How post-2008 bank rules led to a 2023 problem | R
US bank deposit outflows decelerated in second week after SVB collapse | R
It’s the U.S., not Europe’s banking system that’s a concern, top economists say | C
Central banks
Fed inflation gauge February 2023: Core PCE up 0.3%, less than expected | C
Italian minister warns ECB of risk from higher interest rates | R
US
Consumer Spending Growth Slowed and Core Inflation Eased in February | W
Zombies Are Back! Here’s Why That’s Economic Trouble: QuickTake | B
Donald Trump Prepares to Surrender Following Hush-Money Indictment in New York | W
Donald Trump has been indicted: What happens now? | R
Biden’s $42.5 Billion Broadband-Expansion Plan Is Challenged by Lawmakers | W
Sunbelt Cities Nashville and Austin Are Nation’s Hottest Job Markets | W
Europe
Eurozone Core Inflation Hits Record High | W
Young French Protesters Worry About Their Parents’ Retirement, Not Their Own | W
China
China’s Consumers Extend Economic Rebound From Pandemic | W
Geopolitics & trade
Food Prices and Crisis Update for 2023: Russia Grain Traders | B
Industries & companies
Autos: New EV Rules Mean Fewer Models Eligible for Tax Credit | W
Corporate finance
Elon Musk Revives Old Banking Dream in Pursuing $250 Billion Twitter Valuation | W
Technology
The Contradictions of Sam Altman, the AI Crusader Behind ChatGPT | W
Italy curbs ChatGPT, starts probe over privacy concerns | C
Beyond markets
This Is the Beginning of the Fourth Revolution of Work | The Atlantic
