Happy Thursday Zingers! And today is the day. No, not Reddit’s IPO debut (although that is today as well), but I’m talking about March Madness baby.

Some fun facts about the NCAA basketball tournament: employers are expected to lose more than $17 billion due to lower productivity during the tournament as employees get distracted by the games during work hours.

Another one: it’s the most popular time of the year for men to get vasectomies… hey, I guess if you’re gonna be stuck sitting on a couch you may as well do it when you’ll have some live sports on!

Before we dive in, if you’re looking to bring in a little bit of extra cash without getting a second job, check out today’s partner.

And, looking to learn more about private and public real estate investing? Subscribe to our weekly real estate newsletter delivered every Friday. All it takes is one click.

MARKET SNAPSHOT

Yesterday: Boom! New all-time highs as the Federal Reserve decided to keep interest rates unchanged and said that we are still expecting three rate cuts this year.

On Our Radar: Reddit hits the public markets this afternoon. We will also get some big earnings after the close today like Lululemon, FedEx and more.

TOP STORY

Reddit IPO Potential 'Watershed' Moment For Tech Industry, Says Wedbush's Dan Ives: Expects It To Hit $1B In Revenue Next Year

Briefly: Wedbush's Dan Ives thinks that the upcoming Reddit Inc. IPO has the potential to be a "watershed" moment for the tech industry.

What Happened: Ives said the Reddit IPO is primarily about the engagement on the platform and its potential for advertising as well as the data it generates to train AI and large language models.

Quoted: "This is a company that's going to do billion [dollar] revenues in the next year," Ives said during an interaction on CNBC.

Basically: The question, according to Ives, is can Reddit turn into an AI story from an LLM? "If you look at it from the investor perspective, what is the appetite for Reddit, this is a potential watershed moment, broader for tech."

Context: Reddit, which is a social media platform that is centered around creating category-specific communities, derives its value from being the internet's discussion board based on topics, news, events and more.

Click here to read more.

PRESENTED BY FINANCE BUZZ

9 Easy Ways To Get Money Without Getting A Job

There’s nothing to be ashamed of if you're living paycheck to paycheck or struggling to make ends meet.

But not all of us have the time or luxury of picking up another job to make extra cash. It's tiring to work so many hours for very little take home pay.

Thankfully, there's a few ways that you can make some money (and save some too) by not getting a job. If you're struggling financially, here are 6 insanely easy things you can do right now that could help.

FIVE ZINGERS

Full Speed Ahead: The market hit new all-time highs yesterday, but one analyst thinks we’re due for another breakout to the upside.

As If You Needed One: NVIDIA has been one of the hottest stocks of the year. Jim Cramer gave his viewers yet another reason to consider buying the stock.

The Gold Standard: While you were sleeping, gold hit new highs. Here’s what’s going on with the precious metal.

Freaky Fast: Amazon is trying to take a page out of Jimmy Johns’ book and offer freaky fast delivery to compete with Temu and other platforms.

Blowout Earnings: Micron Technology reported strong earnings after the close yesterday, and the stock is trading up nearly 20% this morning.

ONE FOR THE ROAD

Apple Seeks China Fix: Tim Cook Meets Key Partner In Shanghai As iPhone Sales Splutter

What Happened: Apple Inc CEO Tim Cook reportedly met with Wang Chuanfu, the chairman and president of BYD Co, in Shanghai on Wednesday.

Basically: The two companies have been collaborating for a while now, with the Chinese EV maker’s BYD Electronics unit collaborating with Apple on several products including the iPhone and Vision Pro.

What Happened: The meeting took place at Apple’s China headquarters in Shanghai, local newspaper China Daily reported. Apple’s Chinese suppliers including BYD Electronics, Lens Technology, and Shenzhen Everwin Precision Technology, showcased their manufacturing technologies or parts and products made for Apple at the headquarters, the report added.

So: In an interview with the newspaper, Cook said that there is no supply chain in the world more critical to the tech giant than that of China. Apple has been collaborating with Chinese suppliers for almost three decades now.

Quoted: “It’s the partnership between Apple and Chinese companies that really makes things happen,” said Cook, as per the report.

PRESENTED BY FINANCE BUZZ

6 Weird Ways To Help Pay Rent This Month (Without Donating Plasma)

When rent is due on the first of the month, it can be a stressful moment for millions of Americans. Things aren't getting any easier either with soaring inflation, a pending recession, and stratospheric interest rates all happening at the same time.

If you’re struggling financially, you’re not alone. Here are 6 weird (but totally normal) things you can do right now that could help with paying your rent on time.