Morgan Stanley and Goldman rally, while small-cap momentum builds; semiconductor stocks rise. ...

The logistics company's quarterly revenue fell 2% to $3.10 billion. ...

Under the agreement, Taiwan Semiconductor Manufacturing will add new factories to its cluster in Arizona as part of a $250 billion investment in the U.S., the Commerce Department said. ...

Core Viewpoint - The Federal Reserve's decision to implement a quarter-point rate cut in December has dissenters, particularly Schmid, who emphasizes that inflation has remained above the Fed's 2% target for over four years, indicating a lack of room for complacency among policymakers [1] Group 1 - Schmid is one of three dissenters regarding the Federal Reserve's recent rate cut decision [1] - Inflation has been above the Fed's target for more than four years, highlighting ongoing economic concerns [1] - Policymakers are urged to remain vigilant and not complacent in their approach to monetary policy [1]

Core Viewpoint - Anna Paulson, in her first interview with a national outlet since assuming her role, praises the effectiveness of the central bank chair [1] Group 1 - The central bank chair has been described as "very effective" by Anna Paulson [1]

Core Insights - Revenues increased across leading financial firms, indicating strong performance in trading, banking, and lending sectors [1] Group 1: Revenue Performance - Trading activities saw significant growth, contributing to the overall revenue increase [1] - Banking services experienced heightened demand, reflecting a robust market environment [1] - Lending operations were also busy, further supporting the revenue growth across the firms [1]

Group 1 - Letitia James has accused Robert Kramer of selling his shares in Emergent before revealing contamination issues related to the production of the Covid-19 vaccine [1]

Core Insights - The Canadian auto industry experienced a significant slump in November due to a semiconductor shortage, which negatively impacted sales from factories and wholesalers, posing a threat to economic growth in the final quarter of the year [1] Industry Impact - The semiconductor shortage has led to decreased activity within the auto sector, highlighting vulnerabilities in supply chains that could hinder overall economic performance [1]

Core Insights - A potential deal may see Ford acquiring batteries from a Chinese carmaker for its factories located outside the U.S. [1] Company Summary - Ford is exploring the possibility of purchasing batteries from a Chinese manufacturer to support its production facilities outside the United States [1]

Group 1 - The potential deal involves Ford purchasing BYD batteries for its factories located outside the U.S. [1]