EGSI Financial CEO Talks State of Economy in the Wake of Bank Failures

Ed Siddell, CEO and chief economist at EGSI Financial, joined Cheddar News to assess the market in which the S&P 500 is riding a three-week high. Despite the positive trend, Siddell said there is still too much uncertainty in the market. "What we saw, the GDP came out [and] it's a little bit higher than what most people expected but still well below the original estimates," he said. "Consumer confidence is a little bit higher but I think that has more to do with making sure that their deposits were guaranteed." 

More In Business

Lightspeed Champions LGBTQ+ Inclusion, Fuels Growth

Lightspeed celebrates Pride Month with LGBTQ+ inclusion efforts, driving innovation, social equity, and a 25% revenue growth to $230.2M in Q4.

Apple Intelligence Will Introduce the World to A.I.

Wired writer Brenda Stolyar breaks down the updates you may have missed from Apple’s WWDC. Plus, why when Apple does something, it ‘hits harder.’

Will The Box Office Get Turned Inside Out This Weekend?

Find out why 'Inside Out 2' may be the movie that will turn things around at the box office. Plus, why June Squibb is the one to watch this summer.

Elon Musk Thinks Humanoid Robots Will Make Tesla Worth $25 Trillion

And while that dream is far from a reality, the company's latest investor day proves shareholders still think he’s the best man for the CEO job.

Dear Apple: This is the Tech We Really Want

Don’t get us wrong — all these new updates are great but here are a few things we wish Apple had announced at its Worldwide Developers Conference.

Is Elon Musk Worth $56 Billion? Tesla Investors Are Set to Decide

A legal expert helps break down why Tesla shareholders are voting on Elon Musk’s historic pay deal – and why betting against Musk usually doesn’t pay off.

Jason Kelce May Be Retired, But Kylie Kelce Is an Eagles Fan for Life

Not only is Kylie Kelce passionate about working with the Eagles Autism Foundation, she’s a fan of the team who you’ll hear cheering all season long.

The Fed Didn’t Cut Rates, But Hey, At Least They’re Not Raising Them

Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’

Tom Brady's Dual Role At Hertz: From Brand Ambassador To Customer

Tom Brady's Hertz partnership began in 2021. He's a brand ambassador and a customer. Let’s go!

The US is Facing Economic Woes According to Polling. But Is It Really?

What’s happening with this economy, and why does everything appear much weaker than initially thought?

Load More