As investors grapple with rate cut uncertainty, they are eager to assess how it will impact the current market dynamics. NewEdge Wealth Senior Portfolio Manager Ben Emons joins Yahoo Finance Live to discuss market outlooks. Emons notes that GDP data has shown strengths "across the board." He highlights the importance of government spending, stating that as long as it remains steady and "doesn't change," it gives him confidence in the economy — suggesting that the market rally has the potential to "broaden." Regarding the Baltimore Key Bridge tragedy, Emons believes its effect on the supply chain will be "offset" by other ports of entry. He acknowledges that the supply chain has always been a "complex animal," saying investors cannot truly predict "the exact chain of effects that will take place from here" or how it will affect markets until the situation fully unfolds. However, he notes that the market is currently "watching and waiting." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Angel Smith
As investors grapple with rate cut uncertainty, they are eager to assess how it will impact the current market dynamics. NewEdge Wealth Senior Portfolio Manager Ben Emons joins Yahoo Finance Live to discuss market outlooks.
Emons notes that GDP data has shown strengths "across the board." He highlights the importance of government spending, stating that as long as it remains steady and "doesn't change," it gives him confidence in the economy — suggesting that the market rally has the potential to "broaden."
Regarding the Baltimore Key Bridge tragedy, Emons believes its effect on the supply chain will be "offset" by other ports of entry. He acknowledges that the supply chain has always been a "complex animal," saying investors cannot truly predict "the exact chain of effects that will take place from here" or how it will affect markets until the situation fully unfolds. However, he notes that the market is currently "watching and waiting."
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
Editor's note: This article was written by Angel Smith
Investor's Business Daily
General Electric will soon emerge as an aerospace and defense company, shedding its diversified conglomerate past. Is GE stock a buy as investors count down to GE Aerospace? Ahead of its final breakup, GE held events in March that dug deeper into the post-split companies — GE Aerospace and GE Vernova.
Reuters
LONDON (Reuters) -The collapse of Baltimore's Francis Scott Key Bridge is likely to lead to a multi-billion dollar insurance loss, the chairperson of commercial insurance market Lloyd's of London said on Thursday. The massive Singapore-flagged container ship Dali sailing out of Baltimore Harbor bound for Sri Lanka reported losing power and the ability to maneuver before plowing into a support pylon of the bridge on Tuesday. The impact brought most of the bridge tumbling into the mouth of the Patapsco River, blocking shipping lanes and forcing the indefinite closure of the Port of Baltimore, one of the busiest on the U.S. Eastern Seaboard.
Barrons.com
India's Sensex rose 0.9% to close at 73651.35, led by financial stocks, in likely position adjustment. Asian financial markets should begin to wind down as investors prepare for the coming Easter holidays, UOB Global Economics & Markets Research said in a note.
Banking Dive
The bank is informing employees this week of its largest round of reassignments and departures so far — changes CEO Jane Fraser said aim to put Citi "on the front foot."
The Wall Street Journal
1940 GMT – Artificial intelligence can bring many benefits to the power sector despite AI systems’ enormous use of electricity, renewable-energy fund managers say during a private-capital conference. “We’re now implementing AI across [project] development, wind analysis, financial analysis” and other areas, says Daniel Calderon, a manager partner at Alcazar Energy, which invests in wind-power projects across the Balkans and other regions. 1921 GMT – Crude oil futures lose ground but settle above the day’s lows after a build in U.S. crude stocks comes in smaller than an industry estimate.
Associated Press Finance
Reddit and Trump Media are the first notable social media companies to begin trading publicly in the last five years. Meme stocks are typically shares in companies whose underlying business fails to justify a surge in their price. The action is often driven by small investors who for some reason pile into a stock, be it belief that a struggling company can turn itself around, a disdain for so-called short sellers — or fidelity to a former president.
Benzinga
In a post on X, formerly Twitter, Florida Governor Ron DeSantis announced that he signed legislation “to end the squatters scam & protect homeowners.” Governor Ron DeSantis Signs Legislation to End the Squatters Scam & Protect Homeowners https://t.co/MjqOKiAHPZ — Ron DeSantis (@GovRonDeSantis) March 27, 2024 "We are putting an end to the squatters scam in Florida," DeSantis said in a release on his website. "While other states are siding with the squatters, we are protecting property owners and
Barrons.com
Trump Media reported revenue of $3.4 million and a loss of $49 million during the first nine months of 2023, and received a $300 million cash infusion as part of its listing via a merger with a special-purpose acquisition vehicle, or SPAC. The company’s price-to-sales valuation far outstrips even the buzziest of its social-media peers such as Reddit and Facebook and Instagram parent Meta Platforms So far, no Wall Street analysts have put a rating or target price on Trump Media stock, according to FactSet.
Reuters
Home Depot will buy building materials supplier SRS Distribution in an $18.25 billion deal, in the top U.S. home improvement chain's largest deal as it looks to broaden its professional customer base to better tackle tepid demand. This has put pressure on the Do-It-Yourself (DIY) segment, which makes up about half of Home Depot's business, and the company has sharpened its focus on "Pro-customers" such as professional builders, contractors, handymen to drive sales. Thursday's deal will expand Home Depot's total potential market by about $50 billion to roughly $1 trillion, the company said.
Read more --->