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At Goldman And Citadel Securities, The Santa Rally Has Believers
Traders who spent December wondering if the typical year-end “Santa Claus rally” was going to kick in may be getting what they’ve been waiting for.
NY Fed President Williams Says Some ‘Technical Factors’ Distorted November’s CPI Reading Downward
NY Fed President John Williams said that “technical factors” likely distorted November’s inflation data, pushing the headline reading lower.
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Fed Reshuffling Is Coming, But 2026 Still Looks Divided
While the Fed remains divided over whether to cut interest rates at its last yearly policy meeting, changes are starting to shape next year's policy.
Bitcoin Price Under Pressure, Slips Below $92,000 As 'Self-Fulfilling Prophecy' Puts 4-Year Cycle In Focus
Bitcoin (BTC-USD) remained under pressure on Monday, falling below $92,000 and bringing its losses from record highs in October to more than 26%.
BofA Says AI Is Boosting Bankers' Productivity, Revenue
Bank of America plans to spend billions of dollars on technologies such as AI to boost bankers' productivity and bring in more revenue.