Core Viewpoint - The relationship between Wall Street and the Trump administration has deteriorated due to proposed policies that threaten the financial industry's profitability and the independence of the Federal Reserve [1][2]. Group 1: Impact of Proposed Policies - President Trump has proposed a one-year, 10% cap on credit card interest rates, which could significantly affect financial institutions that rely on this lucrative business [2][5]. - The average credit card interest rate currently ranges from 19.65% to 21.5%, indicating that a 10% cap would lead to substantial revenue losses for banks, estimated at around $100 billion annually [6]. Group 2: Concerns from Financial Executives - Bank CEOs have expressed concerns that Trump's actions could harm the American economy rather than help it, emphasizing the importance of the Federal Reserve's independence [2][4]. - BNY Chief Executive Officer Robin Vince highlighted that undermining the Fed's independence could shake the foundation of the bond market and potentially lead to higher interest rates due to a lack of confidence [3]. Group 3: Market Reactions - Shares of major credit card companies, including American Express, JPMorgan, Citigroup, and Capital One, experienced significant declines as investors reacted to the potential negative impact on profits from the proposed interest rate cap [6].

Market Overview - U.S. stock markets are experiencing a mixed session with major indexes showing slight pullbacks as investors assess inflation data and fourth-quarter earnings reports [1][2] - The S&P 500 Index is down less than 0.1%, the Nasdaq Composite Index has slipped 0.2%, and the Dow Jones Industrial Average has fallen 0.6% [2] Economic Indicators - The December Consumer Price Index (CPI) data shows a 2.7% year-over-year rise in headline inflation, matching expectations, while core inflation is at 2.6%, slightly below the projected 2.8% [4] - The 10-year Treasury yield has decreased to below 4.18% from 4.20% following the CPI data release, indicating potential room for Federal Reserve interest rate cuts [4] Earnings Reports - JPMorgan Chase (JPM) reported adjusted profits exceeding expectations but with slightly lower revenue, leading to a 2.5% decline in shares [7] - Delta Air Lines (DAL) shares fell nearly 6% pre-bell and 1.5% in recent trading after forecasting lower-than-expected profit growth for fiscal 2026, despite reporting operating revenue of $16.00 billion [7] - L3Harris Technologies (LHX) shares surged 3% to an all-time high following plans to spin off its Missile Solutions business, supported by a $1 billion government investment [8] Sector Movements - A sector rotation trend has been observed since late December 2025, with the Dow Jones and small-cap Russell 2000 outperforming AI-heavy mega-cap technology stocks [3] Corporate Developments - Sun Country Airlines Holdings Inc. (SNCY) shares jumped 10.6% after announcing an acquisition agreement with Allegiant Travel (ALGT) valued at $18.89 per share [10] - Posco Holdings Inc. (PKX) shares rose 12% after raising $700 million in global bond markets and providing a positive earnings outlook for 2026 [11] Political Impact - President Trump's proposal to cap credit card interest rates at 10% has negatively impacted financial stocks, with Visa (V) and Mastercard (MA) down 5%, and American Express Company (AXP) down 4.3% [9]

Group 1 - The latest inflation report indicates that the core CPI in the U.S. rose by 2.6% year-on-year, which is lower than expected, failing to change market expectations regarding the Federal Reserve's pause on interest rate cuts [1][2][3] - The three major U.S. stock indices remained flat, with the S&P 500 hovering around 6,980 points, reflecting a temporary easing of price pressures that calmed investor sentiment [1][2] - The Federal Reserve has cut rates three times since September of the previous year, and the market predicts the next rate cut will not occur until mid-2026, with no cuts expected at the end of this month [1][2] Group 2 - Analysts from Principal Asset Management and eToro suggest that the lower-than-expected core CPI data is unlikely to alter the decision-making logic for the Federal Reserve's January meeting, given the low unemployment rate and higher-than-trend economic growth [3] - The inflation report, released after the government shutdown, provided much-needed macroeconomic information to the market, although its impact on stock investors is expected to be limited as attention shifts to the upcoming earnings season [3] - The earnings season for the banking sector has commenced, with major banks such as Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley set to report their earnings on Wednesday and Thursday [2][3]

Group 1 - The core viewpoint of the article is that the trend of issuing short-term bonds may pressure politicians to advocate for lower interest rates, potentially threatening the independence of central banks in Europe in the coming years [1] - The article highlights that U.S. monetary policy has been under pressure due to repeated calls for interest rate cuts from the Trump administration [1] - It also mentions that the U.S. Department of Justice has recently threatened to bring criminal charges against the Federal Reserve [1]

每经记者|李玉雯 每经编辑|黄博文 1月13日，有消息称，花旗集团本周将裁员1000人左右，这是首席执行官范洁恩（Jane Fraser）为控制 成本而采取的举措之一。 每经记者|李玉雯 每经编辑|黄博文 1月13日，有消息称，花旗集团本周将裁员1000人左右，这是首席执行官范洁恩（Jane Fraser）为控制 成本而采取的举措之一。 花旗方面回应《每日经济新闻》记者求证时称："我们将在2026年继续缩减人力规模。此番调整，既为 确保人员配置、办公选址及专业技能与当前业务需求精准适配，也得益于技术赋能带来的效率提升，并 且印证了我们转型工作的阶段性成果，目前已临近目标状态。" 2024年1月，花旗集团就公开表示预计将裁员至少2万人，约占其员工总数的10%。彼时，花旗集团表 示，裁员可能造成高达18亿美元的成本，但到2026年裁员完成后，每年有望节省25亿美元。 2025年6月，花旗宣布精简其位于中国上海和大连的全球技术解决中心，减少约3500名技术人员。这是 花旗集团推进全球简化工作的一部分，面向的是集团在华建立的全资子公司——花旗金融信息服务（中 国）有限公司。而集团在中国注册成立的本地法人银行——花旗中 ...

Financial Reporting Schedule - Major financial institutions are set to report earnings starting with JPMorgan Chase & Co. on Tuesday morning, followed by Bank of America Corporation, Wells Fargo & Company, and Citigroup Inc. on Wednesday [1] - The reporting continues with Morgan Stanley, Goldman Sachs Group Inc., and BlackRock Inc. on Thursday, maintaining the focus on financials [1] - The following Tuesday will see a significant number of reports, with 20 companies reporting, including Netflix Inc. after market close and various financial institutions throughout the day [1]

（文章来源：新华财经） 花旗集团策略师团队将黄金未来3个月的目标价上调至每盎司5000美元，白银目标价上调至每盎司100美 元。 ...

Group 1 - Citigroup Inc. is highlighted as a stock that continues to surprise on the upside, with analysts yet to catch up with its improved performance [1] - The stock has shown significant growth, moving from a low valuation to a more favorable position, currently trading at 12 times this year's earnings estimates [2] - Citigroup's stock price increased nearly 4% recently, indicating strong market performance and investor confidence [2] Group 2 - The company provides a range of financial products and services across banking, markets, and wealth management, showcasing its diversified business model [2]

Group 1 - Citigroup has raised its short-term price forecasts for gold and silver, expecting a bull market for precious metals to continue until early 2026 [1] - The target price for gold has been increased to $5,000 per ounce, while silver's target price is set at $100 per ounce, driven by geopolitical risks, persistent physical market shortages, and renewed uncertainties regarding the independence of the Federal Reserve [1] - Recent international gold prices have reached historical highs, with a 7% increase over the past month and a 12% increase over the past three months; silver has outperformed with a 36% increase in the last month and a 60% increase over the last three months [1] Group 2 - Citigroup warns that if high tariffs are implemented, the concentration of related metals in the U.S. market could exacerbate global shortages and potentially lead to extreme price surges [2] - The strategist team indicates that once tariff policies become clearer, metal inventories hoarded in the U.S. may flow back into the global market, alleviating supply pressures and suppressing metal prices [2] - Despite the potential for price corrections due to inventory outflows, the team emphasizes that such pullbacks would present buying opportunities, as the core positive factors driving the metal sector remain unchanged [2]

Group 1 - The core focus of the article is on the upcoming earnings reports from major banks and their potential impact on the stock market, alongside the significance of the December CPI report [1] - Major banks including JPMorgan Chase and BNY Mellon are set to release their earnings today, with JPMorgan's CEO Jamie Dimon expected to share insights on the market and the U.S. economy [1] - Other banks such as Bank of America, Citigroup, and Wells Fargo will report their earnings tomorrow, while Morgan Stanley, Goldman Sachs, and BlackRock will follow on Thursday [1] Group 2 - Delta Air Lines is also scheduled to announce its earnings today, indicating a broader interest in the performance of the airline sector [1] - Taiwan Semiconductor Manufacturing Company (TSMC) will disclose its fourth-quarter earnings on Thursday, which is particularly noteworthy given its role as a bellwether for the semiconductor industry amid prevailing AI valuation risks [1]