💼 Cuts incoming

Fed pencils in three rate cuts in 2024... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 March 21, 2024 | [Read Online]( In partnership with [Subscribe]( | [Partner]( | [Go PRO]( Good morning. The Fast Five →[Â](Fed pencils in [three rate cuts]( in 2024, [Reddit]( prices IPO at $34, Intel prepares for [$100B spending spree]( across US, [Chipotle]( announces 50-for-1 stock split, and [Neuralink helps paralyzed man play chess with his mind [video]](… Calendar: - Today: Jobless claims, 8:30am ET Your 5-minute briefing for Thursday, March 21: BEFORE THE OPEN As of market close 3/20/2024. Pre-Market: US Investor % Bullish Sentiment: 45.90% for Wk of Mar 14 2024 (Last week: 51.73%) Market Recap: - Stock futures rise after record day on Wall Street - Dow up 0.1%, S&P 500 climb 0.2%, Nasdaq 100 up 0.3% - Micron Tech soars 15% on strong earnings, Five Below slips 12% on weak guidance - Fed maintains rates, eyes three cuts this year - Russell 2000 gains nearly 2%, financials and tech lead - Today: Jobless claims, home sales data awaited - Earnings from Darden, FedEx, and Nike on tap EARNINGS What we’re watching this week: - Today: Darden Restaurants ([DRI](), Lululemon Athletica ([LULU]() - [FedEX (FDX)]( - earnings of $3.53 per share (+3.5% YoY) on revenue of $22.1B (-0.5% YoY) - [Nike (NKE)]( - earnings of $.74 per share for Nike's fiscal Q3 (-6.3% YoY), on $12.3B revenue (-0.8% YoY) Full earnings calendar [here]( HEADLINES [Fed Holds, Pencils In Three Rate Cuts in 2024]( Powell says Fed likely to slow asset runoff ‘fairly soon’. Officials lift forecasts for growth, core inflation in 2024. [Reddit Prices IPO at $34 per Share in First Major Social Media Offering Since 2019]( - Recap: Everything Powell said during market-moving news conference ([more]() - Short-end bonds rally as Fed reassures market of cuts in 2024 ([more]() - Social Security commissioner vows to end ‘clawback cruelty’ with new plan for benefit overpayments ([more]() - EPA sets strongest-ever climate change rules for cars ([more]() - Astera soars up to 76% on AI demand after $713M IPO ([more]() - Luxury stocks slump as Gucci sales slide ([more]() - Musk's Neuralink helps paralyzed man play chess with mind ([watch]() - Intel prepares for $100B spending spree across four US states ([more]() - Intel to receive $8.5B in grants to build chip plants ([more]() - Reddit investor Tom Sosnoff says IPO could benefit from being the only ‘pure social media’ stock ([more]() - Chipotle's 50-for-1 stock split mirrors Walmart ([more]() - Apollo offers $11B for Paramount's Hollywood studio ([more]() - Barclays readies hundreds of job cuts in investment bank ([more]() - Wall Street bonuses slump to 2019 low after dealmaking drought ([more]() - OpenAI sprinting to keep up with startups on AI-generated video ([more]() TOGETHER WITH ADVISOR.COM Relax About Retirement Saving for retirement can be intimidating, but you don’t need to go it alone. A report from Vanguard shows that investors who work with a financial advisor see a 3% increase in net returns. That could be a million dollar difference in spending money for retirement. Not too shabby… [Advisor.com]( lets you compare expert financial advisors to grow and safeguard your nest egg. There’s no fee to try it, and all of the advisors are highly vetted by their pros. [Get matched with a fiduciary advisor today.]( DEALFLOW M+A | Investments - Hospital chain Aster DM plans $108M India expansion as Gulf deal nears completion ([more]() - TIM investor Merlyn wants sale of Brazilian unit, retail ([more]() - onX, an outdoor digital navigation company, acquired TroutRoutes, a mapping resource company for fly fishing enthusiasts ([more]() - Synopsys buys Intrinsic ID ([more]() - Bluestone-backed Precise Systems acquires JHT ([more]() - Littlejohn-backed Magnate Worldwide purchases Quality Air Forwarding ([more]() - PE-backed ACU-Serve acquires Beyond HME ([more]() - Trivest invests in Bright Event Rentals ([more]() VC - Clasp Therapeutics, a biotech company that develops immuno-oncology therapies using T cell engagers (TCEs), raised $150M in funding ([more]() - Pocket FM, a provider of an audio entertainment platform, raised $103M in Series D funding ([more]() - Fetch, a provider of a rewards app, raised $50M in Debt funding from Morgan Stanley Private Credit ([more]() - Blue Laser Fusion Inc., an nertial fusion company, closed its $37.5M Seed funding round ([more]() - CyberSaint, a cyber risk management company, raised $21M in Series A funding ([more]() - Morph, a provider of a permissionless Ethereum virtual machine Layer 2 for value-driven dApps, raised $19M in Seed funding ([more]() - Tempo Therapeutics, an innovator in tissue engineering and regenerative medicine, raised $12M in Series A funding ([more]() - Mermaid Chart, a company offering text-based diagramming and workflow management tools, raised $7.5M in Seed funding ([more]() - Dymium, a data access management company, raised $7M in funding ([more]() - AirMyne, a greentech startup, raised $6.9M in Seed funding ([more]() - Buzz Solutions, an AI company that inspects and protects critical energy infrastructure, raised $5M in funding ([more]() - WavMaker, a provider of a music licensing platform for video creators, raised $5M in Seed funding ([more]() - Mallard Bay, a SaaS-enabled marketplace for hunting and fishing, raised $4.6M in Series A funding ([more]() - Monaire, a startup that uses AI to curb waste and emissions from small commercial buildings, raised $3.5M in Seed funding ([more]() - Sprih, a provider of an advanced AI tech platform that helps companies towards sustainability, raised $3M in Seed funding ([more]() - Quilt, a developer of AI assistants for solutions teams, raised $2.5M in seed funding ([more]() CRYPTO Powered by [MILKROAD]([Â]([- Get smarter about crypto in 5 min.]( - Bitcoin reverses higher after Fed meeting, reclaiming $65,000 ([more]() - Ether recovers losses after report that Ethereum Foundation faces SEC probe ([more]() - US crypto firms paying $300,000 wages leave foreign peers behind ([more]() BULLISH BITES 💼 Great read: Paul Graham's advice on [how to start a company](, to 14- and 15-year-olds. 💍 Meet 'Evie': The first wearable... '[smart](' ring?. 🤖 Futuristic: Mercedes-Benz will start using [humanoid robots]( to build cars. 👜 Watching: Hermès hit with class action [lawsuit over exclusivity]( of Birkin bags. 🚨 They warned us: It’s the biggest financial risk facing America in 2024. [See why America's richest investors are sounding the alarm »]( * DAILY SHARES [tw profile: Not Jerome Powell] Not Jerome Powell @alifarhat79 [tw] No time for puts Mar 20, 2024 1.54K Likes 158 Retweets 47 Replies [tw profile: gaut is doing nothing] gaut is doing nothing @0xgaut [tw] crypto twitter after buying the dip with $100 and being up $5 on their position Mar 20, 2024 192 Likes 7 Retweets 9 Replies [tw profile: gaut is doing nothing] gaut is doing nothing @0xgaut [tw] same week. same dude. Mar 20, 2024 399 Likes 33 Retweets 12 Replies Know someone who would enjoy this? [CLICK TO SHARE]( What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Like what you see? [Get tomorrow’s briefing here »]( ☀️ Get your briefings before everyone else, [go PRO »]( Have a comment or suggestion? We’d love to hear it! 💌 [Send us a message](mailto:hello@marketbriefing.com) [ADVERTISE]( | [SUBSCRIBE]( *from our sponsors Disclaimer: Market Briefing© is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. Please conduct your own research and consult an independent financial adviser before making any investments. 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