Although not financially related, OJ Simpson, the former famous NFL star, has died.

BREAKING: US 30-year average mortgage rates have 7% again, per Bloomberg.

The Federal Reserve could risk losing its credibility if it cuts interest rates too soon, according to Eric Veiel, chief investment officer at T. Rowe Price Group Inc.

“Jerome Powell said very early on he is a student of what happened in the seventies,” he said.

McKinsey is beginning to eliminate roughly 360 jobs as the consulting giant deals with a slowdown in demand for its services, per Bloomberg.

In Detroit, the typical household needed to earn $46,168 to afford the median-priced home in February, making it the most affordable market in the country, per Redfin.

Wells Fargo, $WFC, has raised its year-end target for U.S. benchmark S&P 500 index to 5,535, the highest among Wall Street brokerages, per Reuters.

PPI for March was 2.1% YoY, est: 2.2%

Elon Musk has said that AI will be smarter than the smartest human by next year, per NPY.

BREAKING: US credit-card delinquency rates were the highest on record in the fourth quarter, according to a Federal Reserve Bank of Philadelphia report.

Interest rates could hit 8% or more and wars are creating outsize geopolitical risks, Jamie Dimon of JPMorgan, $JPM, has said.

Steve Eisman says the Fed shouldn’t cut rates, risks creating a stock market bubble if it does, per CNBC.

The S&P 500 had the most number of record closing highs since 2017, per Bloomberg:

Canadian cities are being overwhelmed by a record surge of newcomers seeking asylum, straining their budgets and pushing temporary shelters beyond their limits, per Bloomberg.

Economists at Goldman Sachs, $GS, are forecasting two Federal Reserve interest-rate cuts this year instead of three after consumer prices rose more than estimated in March, per Bloomberg.

An Apple, $AAPL, retail store in the upscale town of Short Hills, New Jersey, has petitioned to unionize, marking the first such effort after a yearlong lull, per Bloomberg.

In the US, venture capitalists poured $36.6 billion into startups in the first quarter of this year, according to PitchBook. That funding went to 2,882 companies.

On both measures, that’s a nearly 30% decrease compared with the same period in 2023, per Bloomberg.

OpenAI CEO Sam Altman has been working to build a global coalition of government and industry leaders to support boosting AI infrastructure investment, per Bloomberg.

Good morning to everyone:

Good night to everyone:

China's Consumer Price Index for the month of March decreases by 1.0% from the previous month, surpassing poll forecasts which predicted a decrease of 0.5%.