2026 presents a catch-22 for the Fed. It normally cuts rates to buoy hiring, which tightened last year, but that could drive up inflation.
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Huntington Bancshares reported that its average commercial loans grew 12% from the prior quarter and 21% from a year ago in Q4.
The six largest US banks paid more than $140 billion in dividends and buybacks last year, setting a record, according to Bloomberg.
Loans in Wells Fargo’s corporate and investment banking business climbed 14% in the three months through December.
Bitcoin ETFs just notched $697 million worth of inflows on Monday, their biggest gain since early October.
Bitcoin, the No. 1 crypto by market cap, hasn’t recovered from a flash crash, chopping more than $1 trillion from the broader sector’s value.
Commerce Department data released this week showed US GDP rose 4.3% in the third quarter, with the American consumer to thank for it.
Bank of America analysts forecast S&P 500 earnings will grow 14% next year, and sees the index reaching 7,100.
Nvidia faced “the tough task of meeting high earnings expectations and high skepticism around AI capex,” per analysts at Bank of America.
The US has basically imposed tariffs on Christmas this year: Trees, ornaments and even gifts. Now, both shoppers and sellers feel Grinchy.
Compared its peers, BofA has lagged in expanding into less traditional activities such as wealth management, credit cards and loan growth.
The move comes before the bank’s full rollout of its tokenization platform next year.
Disclosures by two regional lenders last week set off a mini-panic about bad loans on the books of small and medium cap banks.
Pretty much all of Wall Street reported another quarter of stellar earnings this week.
The bank reported Tuesday that it made $2.6 billion in investment banking fees in the third quarter, a 42% year-over-year surge.
Fitting for 2025, a government shutdown is all but guaranteed to deliver even more uncertainty into the macroeconomic mix.