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Jamie Dimon says this 1 red-hot asset could ‘easily’ skyrocket in value by 131%. Do you own it? What to do if you don’t
Yahoo Finance· 2026-01-07 20:37
And with Americans now holding a record share of their wealth in equities, economists are warning of a possible downshift in returns ahead.His remark echoes a growing unease among market watchers: valuations across multiple asset classes have swelled after years of easy money and resilient investor appetite. Federal Reserve chair Jerome Powell recently cautioned that stock prices “are fairly highly valued (4).”“Asset prices are kind of high,” Dimon added. “In the back of my mind, that cuts across almost eve ...
Dollar Edges Higher on Strength in US Service Sector Activity
Yahoo Finance· 2026-01-07 20:31
The dollar index (DXY00) on Wednesday rose by +0.11%. The dollar recovered from early losses on Wednesday and moved higher after Dec ISM services index unexpectedly expanded at its fastest pace in 14 months. The dollar also rose amid increased safe-haven demand after the US seized a Russian-flagged tanker for sanctions violations. The dollar initially moved lower on Wednesday on signs of weakness in the US labor market after the Dec ADP employment report showed private employers added fewer jobs than e ...
JPMorgan 计划将 JPM Coin 原生部署至 Canton Network
Xin Lang Cai Jing· 2026-01-07 20:19
JPMorgan 区块链业务部门 Kinexys 与 Digital Asset 宣布,计划将 JPMorgan 发行的美元存款型代币 JPM Coin(JPMD)原生部署至注重隐私与合规的 Canton Network。双方表示,相关集成将于 2026 年分阶段 推进,初期重点在于支持 JPM Coin 在 Canton Network 上的发行、转移和近乎即时的赎回,并探索将 Kinexys 的其他数字支付产品接入该网络;此前 DTCC 已选择 Canton Network 用于传统金融资产的代币 化。(CoinDesk) (来源:吴说) ...
Trump’s Housing Ban Rocks Real Estate Stocks; Anthropic Eyes $350B Valuation; Hyundai Mobis & Qualcomm Partner on SDV
Stock Market News· 2026-01-07 18:08
Real Estate Sector - Former President Trump's proposal to ban large institutional investors from purchasing single-family homes has led to significant declines in stock prices for major real estate companies, with American Homes 4 Rent (AMH) down 4.7% and Blackstone (BX) falling as much as 9.3% before settling at a 5.4% decrease [2][3]. Artificial Intelligence Sector - AI startup Anthropic is in the process of raising $10 billion, which would increase its valuation to approximately $350 billion, following substantial investments from Microsoft and Nvidia [4]. Automotive Technology - Hyundai Mobis and Qualcomm Technologies, Inc. (QCOM) have entered into a broad agreement to collaborate on software-defined vehicle (SDV) architecture for Advanced Driver-Assistance Systems (ADAS), aiming to enhance vehicle capabilities through integrated technology [5]. Energy Sector - The U.S. Department of Energy has announced a selective rollback of sanctions on Venezuela, allowing the transport and sale of Venezuelan crude and oil products to global markets, with proceeds to be managed in U.S.-controlled accounts [6]. Financial Markets - UBS Group AG (UBS) successfully completed a €3 billion debt offering, structured in two tranches, attracting over $21 billion in investor bids [8].
APIA Scholars Welcomes Michelle Rhee and Joel Kuwahara to its Board of Directors
PRWEB· 2026-01-07 16:35
WASHINGTON, Jan. 7, 2026 /PRNewswire-PRWeb/ -- APIA Scholars is pleased to announce the appointment of Michelle Rhee and Joel Kuwahara to its Board of Directors, further strengthening the organization's leadership with deep expertise spanning law, finance, media, and creative innovation."We are honored to welcome Michelle and Joel to the APIA Scholars Board of Directors," said Dr. Noël Harmon, President and Executive Director of APIA Scholars. "Each brings a powerful combination of professional excellence, ...
Stocks Hover Near Record Highs on Mixed US Economic News
Yahoo Finance· 2026-01-07 16:21
Economic Indicators - Q3 nonfarm productivity is expected to increase by +4.7%, while unit labor costs are projected to rise by +0.3% [1] - Initial weekly unemployment claims are anticipated to rise by 12,000 to 211,000 [1] - December nonfarm payrolls are expected to grow by +59,000, with the unemployment rate projected to decrease by -0.1 to 4.5% [1] - Average hourly earnings for December are expected to increase by +0.3% month-over-month and +3.6% year-over-year [1] - October housing starts are expected to rise by +1.4% month-over-month to 1.325 million, and building permits are expected to increase by +1.1% month-over-month to 1.350 million [1] - The University of Michigan's January consumer sentiment index is expected to rise by 0.6 points to 53.5 [1] Labor Market - November JOLTS job openings fell by -303,000 to a 14-month low of 7.146 million, below expectations of 7.648 million [2] - December ADP employment change increased by +41,000, which is weaker than the expected +50,000 [2] - MBA mortgage applications rose by +0.3% in the week ending January 2, with the purchase mortgage sub-index down -6.2% and the refinancing sub-index up +7.4% [2] Stock Market Performance - Stock indexes are mostly higher, with the S&P 500 reaching a new all-time high and the Nasdaq 100 hitting a 3.5-week high [5] - The Dow Jones Industrial Average fell from a record high due to mixed economic news [5] - The 10-year T-note yield decreased by -2 bp to 4.15% [5] Sector Performance - Cybersecurity stocks are performing well, with Crowdstrike Holdings up more than +4% and Palo Alto Networks up more than +3% [13] - Chip makers and data storage companies are under pressure, with Western Digital down more than -7% [11] - Mining stocks are declining, with silver down more than -5% and copper down more than -3% [12] International Markets - Overseas stock markets are mixed, with the Euro Stoxx 50 down by -0.16% and China's Shanghai Composite up by +0.05% [7] - European government bond yields are decreasing, with the 10-year German bund yield dropping to a 1-month low of 2.792% [9]
Dallas mayor predicts 'avalanche' of NYC financial firms fleeing new socialist policies under Mamdani
Fox Business· 2026-01-07 15:51
The mayor of Dallas is predicting an influx of financial firms relocating to the region from New York City if the Big Apple's newly inaugurated mayor, Zohran Mamdani, pursues socialist policies in the nation's leading financial hub. Dallas Mayor Eric Johnson told the New York Post in an exclusive interview that Mamdani's policy preferences are an "un-American socialist impulse" that could compel financial firms and investors alike to "vote with their feet" and relocate to places with more business-friendly ...
JPMorgan Deploys JPM Coin on Canton Network, Extending Blockchain Strategy
Yahoo Finance· 2026-01-07 15:38
JPMorgan’s blockchain division Kinexys and Digital Asset announced plans on Jan. 7 to launch the JPM Coin deposit token directly on the Canton Network. This marks the bank’s second public blockchain expansion after its Base network launch in November 2025. The deployment will proceed in phases throughout 2026. Initial work focuses on technical and business frameworks to support issuance, transfer, and near-instant redemption of JPM Coin directly on Canton, according to the joint announcement. The colla ...
S&P Futures Tick Lower With U.S. Jobs Data in Focus
Yahoo Finance· 2026-01-07 11:19
Richmond Fed President Tom Barkin said on Tuesday that the outlook for monetary policy remains in a “delicate balance” amid the conflicting pressures from rising unemployment and still-elevated inflation. Barkin added that interest rates are now within the range of estimates for the so-called neutral rate following last year’s policy easing. At the same time, Fed Governor Stephen Miran said the central bank will need to lower interest rates by more than a percentage point this year, arguing that monetary po ...
Sensex down 102 points on geopolitical concerns
Rediff· 2026-01-07 11:18
Stock market benchmark indices Sensex and Nifty drifted lower for the third day in a row on Wednesday as geopolitical tensions and renewed concerns about potential US tariff hikes weighed on investor sentiment.Photograph: Shailesh Andrade/ReutersSustained foreign fund outflows also dragged the markets lower.The 30-share BSE Sensex declined 102.20 points or 0.12 per cent to settle at 84,961.14.During the day, it dropped 445.85 points or 0.52 per cent to 84,617.49.The 50-share NSE Nifty went down by 37.95 poi ...