Core Viewpoint - Federal Reserve Governor Lisa Cook emphasizes the need for monitoring unexpected losses in private credit and their potential impact on the broader US financial system [1] Group 1 - Lisa Cook spoke at the Psaros Center for Financial Markets and Policy event at Georgetown University [1]

Core Insights - Historically elevated prices in equities, corporate bonds, housing, and leveraged loan markets may indicate a potential significant pullback in valuations [1] - Federal Reserve Governor Lisa Cook suggests that while a drop in valuations is possible, it is unlikely to lead to a downward spiral for the entire financial system [1] Market Analysis - The current high prices across various asset classes, including equities and corporate bonds, raise concerns about future valuation corrections [1] - The leveraged loan market and housing prices are also highlighted as areas of concern regarding potential valuation adjustments [1]

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 300 points on Thursday.Shares of Palo Alto Networks Inc (NASDAQ:PANW) fell 4.6% to $190.90 in pre-market trading following quarterly results.Palo Alto Networks reported upbeat first-quarter financial results for fiscal 2026 and also raised its fiscal 2026 guidance. The company reported first-quarter revenue of $2.47 billion, beating analyst estimates of $2.46 billion. The company posted adjusted earnings of 93 cents per shar ...

Pathward Tax Call Center Wins Global Contact Center Award Share Nov 20, 2025 8:07 AM Eastern Standard Time ICMI named Pathward's Tax Call Center the 2025 Best Medium Contact Center. The International Customer Management Institute named Pathward's Tax Call Center the Best Medium Contact Center at its 2025 ICMI Global Contact Center Awards. SIOUX FALLS, S.D.--(BUSINESS WIRE)--The International Customer Management Institute ("ICMI†) announced the winners of its 2025 ICMI Global Contact Center Awards and name ...

Core Insights - The SEC's 2026 priorities notably exclude cryptocurrency, despite the digital asset industry being valued at $4 trillion globally, with approximately 14% of American adults holding crypto [1][3] - This omission marks a significant shift from the previous SEC leadership under Gary Gensler, who frequently addressed cryptocurrency in discussions [2][3] - The current SEC, led by Paul Atkins, appears to be intentionally avoiding involvement in the crypto debate, which is seen as a politically strategic decision [3] Regulatory Focus - The SEC will concentrate on complex products and alternatives such as private equity and private credit, as well as exchange-traded funds with intricate strategies [1][5] - The agency's approach indicates a move away from aggressive enforcement, with over 90% of actions against public companies in 2025 occurring before the current administration took office [3] Market Implications - The lack of regulatory clarity regarding cryptocurrency creates uncertainty for brokerages and registered investment advisors (RIAs) looking to offer crypto products [3] - The SEC's current stance suggests a more lenient regulatory environment, which may lead to a more collaborative approach to securities regulation under the Republican administration [3]

齐鲁晚报·齐鲁壹点 李梦晴 二是搭建专业化对接平台，提升金融服务效能。今年6月，联合市财政局、人民银行德州市分行举办了"金融直达产业链"政金企对接活动。聚焦高端化工 产业链，精心筛选了43家重点企业参与，发放《德州市产业链企业适配金融产品包》，企业通过扫描二维码，可一站式了解各款产品的核心优势、适用对 象与申请条件；活动设置企业与金融机构"面对面"深度交流环节，显著提升了企业的参与度和获得感。 聚焦企业融资堵点、难点，德州市创新推行金融直达基层综合服务机制。11月20日，德州市举行新闻发布会，介绍服务机制运行情况及成效，并回答记者 提问。 金融服务直达重点企业是提升金融服务实体经济质效的关键环节。2025年以来，市工信局深入贯彻市委、市政府关于推动经济高质量发展的决策部署，加 强与金融管理部门的协同联动，创新实施"金融+工信"服务模式，通过联合摸排、精准对接、闭环跟踪等一系列举措，全力推动金融资源向重点领域高效 汇聚、精准直达。 一是构建常态化联动机制，精准摸排融资需求。与市财政局建立协同工作机制，聚焦省、市重点领域，对产业链重点企业进行系统性融资需求摸排。今年 2月，通过线上填报、实地调研、专题座谈等多种形 ...

新华财经北京11月20日电 债市周四（20日）偏强整理，国债期货主力多数收涨，银行间现券收益率表 现分化，长券偏弱、中短券略暖；公开市场单日净投放1100亿元，短端资金利率普遍回落。 机构认为，缴税影响仍是短期性因素，在央行灵活呵护之下，资金面还会维持稳中偏松大局，至月底前 市场流动性料重回均衡偏松状态。 【行情跟踪】 进出口行1.2521年、3年期金融债中标收益率分别为1.3836%、1.5434%，全场倍数分别为2.28、7.28，边 际倍数分别为1、1。 国开行1年、5年、10年期金融债中标收益率分别为1.4699%、1.7101%、1.8961%，全场倍数分别为 2.75、2.86、3.25，边际倍数分别为1、27.11、22.33。 【资金面】 国债期货收盘多数上涨，30年期主力合约跌0.21%报115.87，10年期主力合约涨0.06%报108.485，5年期 主力合约涨0.06%报105.935，2年期主力合约持平于102.462。 银行间主要利率债表现分化，长券偏弱，中短券略暖。30年期国债"25超长特别国债06"收益率上行 0.95BP报2.1555%，10年期国开债"25国开15"收益率上 ...

Core Insights - Vanguard is the second-largest issuer of exchange-traded funds (ETFs) in the U.S. by assets under management (AUM) and is poised to potentially take the top spot soon [1] - The Vanguard FTSE Europe ETF has emerged as a top performer in 2025, with a year-to-date increase of approximately 25% [4] Fund Composition and Performance - Vanguard manages 99 ETFs, with 62 focused on equities and 37 on fixed-income markets, providing a diverse range of investment options [2] - The Vanguard FTSE Europe ETF invests in companies across various European countries and has been a leader in performance within Vanguard's offerings [3][4] Market Trends and Drivers - The ETF's success is attributed to a global shift towards European industrials and financial services, contrasting with the U.S. market's focus on communication services and technology [5] - European defense spending is significantly increasing, with projections of reaching $446 billion in 2025, which supports the ETF's industrial exposure [7][8] Financial Services Sector - European banks included in the ETF have performed well, compensating for lower interest rates by increasing noninterest income and trading profits [9] Future Outlook - Analysts predict strong earnings growth for eurozone financial services and industrial stocks in 2026, with potential positive impacts from increased fiscal spending in Germany [11] - French and German stocks make up nearly 29% of the ETF's portfolio, suggesting favorable conditions for continued performance [12]

The Australian market is extending its early gains in mid-market moves on Thursday, reversing to the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,550 level, with gains across most sectors led by stocks. Energy stocks were the only weak spot amid tumbling crude oil prices.The benchmark S&P/ASX 200 Index is gaining 111.70 points or 1.32 percent to 8,559.60, after touching a high of 8,561.00 earlier. The br ...

Group 1 - The investment in Solid Power (SLDP) is viewed positively due to management's proactive steps to leverage technological advancements in the industry [1] - The industry is considered promising, reflecting a strong foundation in finance and strategy from a decade of experience in banking, mining, and energy sectors [1] - The investment philosophy emphasizes thorough research and a long-term perspective, which aids in navigating various market cycles successfully [1] Group 2 - The portfolio strategy has evolved to focus on a balanced approach, with an increasing emphasis on value stocks while still maintaining exposure to growth opportunities [1] - The aim is to uncover promising under-the-radar stocks that may not yet be recognized by the broader market [1] - The background in auditing and finance, combined with hands-on investing experience, provides unique insights and actionable ideas for investors [1]