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• April Nor'easter Arrives
  Almost 700,000 customers ...
  Almost 700,000 customers were without power across the Northeast yesterday as a powerful storm system brought high winds and more than 2 feet of snow to some locations in the region. Three people were killed in separate incidents after trees fell on their vehicles.
  
  Meteorologists said the storm was the biggest April nor'easter to hit the area since 2020. The weather phenomenon occurs when Arctic air carried southward from Canada by the jet stream meets warmer, moist air off the Atlantic coast. See a video from the Massachusetts coast here, along with photos from the upper Northeast. 
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• ☕️What Else is Brewing Friday Morning
  Apple might pivot to robots. The tech giant is considering...
  Apple might pivot to robots. The tech giant is considering a push into home robotics as its “next big thing” after its attempt to develop an electric car failed, Bloomberg reported. Among the projects reportedly in the works are a mobile robot that follows users around their homes and a robotic tabletop smart display. As demand for the iPhone, which accounted for 52% of the company’s $383 billion in sales last year, slows in key markets like China, Apple is trying to identify new long-term sources of revenue. The recently launched Vision Pro headset is not expected to become a cash cow for the company for several years.
  
  No Labels, the centrist group hoping to draft a presidential “unity ticket” to challenge Biden and Trump, is reportedly abandoning the effort after everyone it asked turned it down.
  
  The Oakland A’s announced they will play in Sacramento from 2025 through at least 2027, until their new stadium in Las Vegas is ready.
  
  Ford is delaying production of its all-electric SUV as it focuses on offering more hybrid options instead.
  
  KISS sold its song catalog to Pophouse, the Swedish company behind ABBA’s hologram concerts, for $300 million.
  
  Donald Trump’s attempt to get his election interference case in Georgia dismissed was rejected by an Atlanta judge. Similarly, his bid to get his classified documents case dismissed was denied by a federal judge.
  
  Alphabet is considering making an offer to buy HubSpot, the marketing software company valued at $35 billion, per Reuters.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for May delivery ...
  Benchmark U.S. crude oil for May delivery rose $1.16 to $86.59 per barrel Thursday. Brent crude for June delivery rose $1.30 to $90.65 per barrel.
  
  Wholesale gasoline for May delivery rose 3 cents to $2.79 a gallon. May heating oil rose 1 cent to $2.74 a gallon. May natural gas fell 7 cents to $1.77 per 1,000 cubic feet.
  
  
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• Dow’s worst day in a year follows talk of no rate cuts in 2024, oil-price spike
  U.S. stocks closed sharply lower on Thursday on jitters about the Federal Reserve's ability to cut interest...
  U.S. stocks closed sharply lower on Thursday on jitters about the Federal Reserve's ability to cut interest rates this year amid a backdrop of inflationary pressures, climbing oil prices, and a resilient economy.
  
  The Dow Jones Industrial Average fell 530.16 points, or 1.4%, to close at 38,596.98 — its worst daily percentage drop since March 22, 2023.
  
  The S&P 500 Index shed 64.28 points, or 1.2%, ending at 5,147.21.
  
  The Nasdaq Composite Index dropped 228.38 points, or 1.4%, finishing at 16,049.08.
  
  Stocks gave up earlier gains to close sharply lower ahead of Friday's closely watched jobs report for March. Investors have been focused on how a resilient U.S. economy and inflationary pressures will guide the Fed's plans to cut interest rates this year.
  
  As MarketWatch's William Watts wrote, a surprise to the monthly jobs report could further rattle investors.
  
  The Dow now has fallen for four straight sessions, marking its worst such stretch since October, according to Dow Jones Market Data.
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• U.S. first-time unemployment claims climb to nine-week high
  The numbers: The number of Americans who applied for...
  The numbers: The number of Americans who applied for unemployment benefits last week rose to a nine-week high of 221,000. but they remained quite low and didn’t show any deterioration in the labor market.
  
  Last week there were 212,000 unemployment filings, according to government figures. Economists polled by the Wall Street Journal had forecast new claims to total 213,000 in the seven days ending March 30, based on seasonally adjusted figures.
  
  Jobless claims have hovered between 194,000 to 225,000 this year, a remarkably low level that attests to the strength of the labor market and broader economy.
  
  Key details: New jobless claims fell in 32 of the 53 states and territories that report these figures to the federal government. Most of the declines were very small.
  
  Source: MarketWatch
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