Core Viewpoint - A coalition of U.K. lawmakers is urging Chancellor Rachel Reeves to ensure that the regulatory framework for stablecoins fosters innovation and does not drive capital overseas, as current proposals from the Bank of England may undermine London's status as a global financial hub [1][5]. Group 1: Importance of Stablecoins - Stablecoins are becoming a crucial part of the digital economy, enhancing financial transactions by reducing costs, speeding up settlements, and promoting financial inclusion [2]. - Transactions involving stablecoins reached $27.6 trillion in 2024, exceeding the combined activity of Visa and Mastercard by nearly 8%, with projections suggesting this could surpass $100 trillion by 2030 [3]. Group 2: Concerns Over Regulatory Framework - The Bank of England's draft framework imposes restrictions on stablecoin usage in wholesale markets, bans interest on reserves, and limits holdings to GBP 20,000, which could hinder the U.K.'s participation in financial innovation [4]. - Such limitations may render pound-backed stablecoins less attractive, pushing investors towards dollar-pegged alternatives like USDC and USDT, which are outside U.K. regulatory oversight [4]. Group 3: Potential Market Implications - The lawmakers warn that these regulatory constraints could lead to a migration from pound-backed digital assets to dollar-based ones, resulting in a two-tier market where most on-chain activities are denominated and settled in U.S. dollars [5]. - The urgency of this intervention is heightened by the U.S. advancing its GENIUS Act to clarify regulations for digital assets, raising concerns about the erosion of London's fintech leadership due to indecision in domestic policy [5]. Group 4: Call for Action - The letter concludes with a call for a progressive stablecoin framework that would attract international investment, support high-value fintech growth, and reinforce the U.K.'s position as a global innovation hub [6].

M Global Foundation December 8, 2025 07:00 AM GMT Global Economic Briefing The Global 360 Our views around the world. Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of Morgan Stanley Research. Investors should consider Morgan Stanley Research as only a single factor in making their investment decision. For analyst certification and other impo ...

price of ANZ Banking Group (Right now, you could probably use Google or another data provider to see theof ASX: ANZ ) is around $36 per share. But what are ANZ shares really worth? How to get to an share valuation is one of the more popular questions our senior investment analysts get asked by Australian investors, especially those seeking dividend income. It’s not exclusive to ANZ Banking Group, of course.National Australia Bank Ltd (ASX: NAB) and Commonwealth Bank of Australia (ASX: CBA) are also very pop ...

Core Insights - The Federal Open Market Committee (FOMC) has lowered the fed funds rate by a quarter point for the third consecutive meeting to stabilize the job market, but upcoming leadership changes may influence future rate decisions [2][4][10] Group 1: Federal Reserve Leadership and Policy Changes - The impending end of Chair Jerome Powell's term in May raises questions about the future direction of the Fed under new leadership, which could lead to different interest rate policies [2][4][10] - Market participants are increasingly focusing on the opinions of the incoming Fed chair rather than Powell's guidance as his term concludes [4][6] - The new leadership may align with President Trump's preference for lower interest rates, as indicated by market pricing for additional rate cuts compared to the Fed's projections [6][7][9] Group 2: Economic Projections and Market Reactions - The Fed's projections for future rate cuts have been complicated by a government shutdown that delayed key economic data, making it harder to assess the current economic landscape [8][9] - Financial markets are pricing in lower future interest rates than the Fed's forecasts, likely due to expectations of a more dovish approach from Trump's nominee for Fed chair [9][10] - The upcoming changes in the voting committee, with new members potentially being more hawkish, could further impact interest rate decisions [10][11] Group 3: Strategic Considerations for Powell - In his final months, Powell may focus on maintaining the Fed's independence and credibility rather than committing to specific rate cuts, as he navigates the transition to new leadership [12]

Market Overview - The stock market experienced a significant rally with the Dow rising by 646 points and the S&P 500 advancing by 1%, while the NASDAQ, heavily weighted with tech stocks, declined by 26 points [2] - Following a recent Federal Reserve rate cut, money managers shifted their investments towards stocks that would benefit from lower rates, leading to a sell-off in tech stocks [3] Impact of Rate Cuts - Lower interest rates are expected to boost consumer spending, particularly benefiting discretionary sectors such as cruise lines and retail [4] - Home improvement and construction sectors are also anticipated to thrive due to lower financing costs, with companies like Home Depot seeing positive movement [5][6] - Industrial stocks typically respond favorably to rate cuts, with companies like 3M, DuPont, and Dover showing gains [8] Sector Performance - Transportation stocks, including JB Hunt and FedEx, are expected to perform well in the days following a rate cut, with FedEx potentially experiencing a breakout quarter [9] - Banks are shifting focus from net interest income to lending potential, with Wells Fargo and Capital One highlighted as favorable options [10][11] Company-Specific Insights - Apple, Meta, and Tesla, which have only seen a 10% increase this year, are not expected to benefit significantly from lower rates, with Apple viewed as an underperformer in the current market [14][17][19] - Meta's stock performance is described as listless, with the company needing to communicate its value proposition more effectively [18] - Tesla is transitioning from an auto manufacturer to a tech leader, with its stock performance becoming less correlated with traditional auto industry metrics [19] Investment Strategy - The current market environment favors stocks that are direct beneficiaries of rate cuts, leading to a general decline in tech stocks as money managers focus on sectors like industrials and banks [21][22] - Investors are advised to follow the flow of capital in the market, as hedge funds tend to move in unison, impacting stock performance [23][30]

Key Points Top cryptocurrencies such as Bitcoin are seeing similar swings to other risk assets in the equity market following yesterday's interest rate cut from the FOMC. Recent liquidation data suggest traders and speculators are looking for clear direction on whether Bitcoin will trend higher or lower from here. Let's dive into some of the competing headwinds and tailwinds at play, and what this might mean for Bitcoin and crypto moving forward. 10 stocks we like better than Bitcoin › It's been ...

Group 1 - U.S. stocks showed mixed performance, with the Dow Jones increasing by over 600 points on Thursday [1] - Diamond Hill Investment Group Inc's shares surged 45.3% to $170.74 after First Eagle announced an acquisition for $175 per share in a $473 million all-cash deal [1] Group 2 - Planet Labs PBC's stock rose 29.7% to $16.79 following better-than-expected third-quarter sales results and an optimistic fourth-quarter sales guidance [2] - Nextdoor Holdings Inc experienced a gain of 22.9% to $3.11 [2] - Gemini Space Station Inc's shares jumped 19.2% to $13.54 after regulatory approval for its subsidiary to offer prediction markets to U.S. customers [2] - Rhythm Pharmaceuticals Inc's stock increased by 13.5% to $119.00 after announcing preliminary results from a Phase 2 trial for setmelanotide in Prader-Willi syndrome patients [2] - Candel Therapeutics Inc gained 12.4% to $6.52 [2] - VersaBank's shares rose 12.34% to $14.52 [2] - Perpetua Resources Corp's stock increased by 10.4% to $28.37 [2] - iHeartMedia Inc jumped 10.1% to $5.19 [2] - NovaBay Pharmaceuticals Inc gained 9.5% to $2.65 [2] - Idaho Strategic Resources Inc's shares rose 9.3% to $43.62 [2] - Immunovant Inc's stock increased by 8.5% to $25.57 after pricing a $550 million common stock offering [2] - Vail Resorts Inc gained 8.3% to $153.30 following first-quarter results [2] - Mosaic Co's shares surged 7.2% to $25.47 amid higher fertilizer stock prices after reports of Ukraine attacking Russian fertilizer plants [2] - Wayfair Inc's stock rose 6.9% to $99.76 [2] - Centene Corp gained 5.3% to $40.72 [2]

Core Points - BPCE and Generali have decided to end negotiations regarding the establishment of a joint venture in asset management, concluding that the conditions for a final agreement are not currently present [2][1] - Both companies reaffirm their commitment to developing a competitive financial industry in Europe, contributing to the region's economic success [2] Company Overview: BPCE - Groupe BPCE is the second-largest banking group in France and the fourth-largest in the euro zone by capital, serving 35 million customers globally through its retail banking and insurance operations [3] - The group employs 100,000 staff and operates through major networks including Banque Populaire and Caisse d'Epargne, as well as Natixis Investment Managers for asset and wealth management [3] - BPCE's financial strength is recognized by four credit rating agencies, with ratings including A1 from Moody's and A+ from both Standard & Poor's and Fitch [3] Company Overview: Generali - Generali is one of the largest integrated insurance and asset management groups globally, with a total premium income of €95.2 billion and €863 billion in assets under management (AUM) as of 2024 [4] - The company operates in over 50 countries, employing around 87,000 staff and serving 71 million customers, with a strong presence in Europe and growing markets in Asia and Latin America [4] - Generali's strategy focuses on customer commitment through innovative solutions and sustainability, aiming to create value for stakeholders and build a more resilient society [4]

A wave of regulatory and institutional momentum around tokenization is reshaping the crypto narrative in the United States. Even long-time critics like JP Morgan CEO Jamie Dimon now champion blockchain rails. On TheStreet Roundtable, industry leaders argued that tokenization’s arrival marks a structural shift for U.S. markets, though not necessarily the explosive catalyst some expect. Related: What is tokenization? Explained Melker opened the discussion by noting how quickly attitudes have flipped at th ...

Treasury Secretary Scott Bessent wants to overhaul a regulatory body put in place to identify threats to the banking system following the 2008 financial crisis. CNBC reported that Bessent will issue a letter detailing changes to the Financial Stability Oversight Council. The panel is composed of 15 financial regulators led by the treasury secretary. “The Council will work with and support member agencies in considering whether aspects of the U.S. financial regulatory framework impose undue burdens and ne ...