Core Insights - The Federal Reserve faces a challenging decision at its upcoming policy meeting regarding whether to cut borrowing costs to support the job market or maintain rates to combat inflation, with the possibility of delaying the meeting altogether due to delayed economic data [1][3][6] Economic Implications - A delay in the December policy meeting could allow the Fed to make a more informed decision based on crucial employment data scheduled for release after the current meeting date [2][6] - The Fed's policy committee is reportedly divided on whether to prioritize inflation control or support the job market, with financial markets indicating an 83% probability of a rate cut in December [8] Data Availability and Decision-Making - The government shutdown has created a data blackout, complicating the Fed's ability to calibrate monetary policy effectively, leading to speculation about postponing the meeting to gather more information [3][4][8] - Without key economic data for October and November, the upcoming meeting may rely more on sentiment rather than concrete evidence, raising concerns about the decision-making process [9]

Group 1 - The European Central Bank (ECB) has reiterated warnings about the risks associated with stablecoins, highlighting that increased investor interest and regulatory developments have pushed the market cap of stablecoins to a new high, which could pose financial stability risks [1] - The ECB report emphasizes that the primary vulnerability of stablecoins is the potential loss of investor confidence in their redeemability at par, which could lead to a run on stablecoins and de-pegging events [1] - A significant adverse shock to stablecoins could negatively impact the broader crypto market and other market segments through spillover effects [1] Group 2 - Stablecoins are typically backed by assets like U.S. Treasuries and dollars, making them popular among crypto traders for transactions outside the traditional banking system [2] - The regulatory environment has become friendlier, leading to a spike in stablecoin adoption, with forecasts suggesting that the market capitalization could reach $750 billion by the end of 2026, a 144% increase from the current $307 billion [3] - Major companies such as Amazon, Meta, and PayPal, along with large banks like JPMorgan Chase, Bank of America, and Citigroup, are showing interest in issuing their own stablecoins [3] Group 3 - Tether's USDT is the largest stablecoin with a market capitalization of $184 billion and is the most-traded cryptocurrency [4] - The ECB notes that financial stability risks from stablecoins are limited within the euro area, as most stablecoins are pegged to U.S. assets like Treasuries [4]

Nov 24, 2025 4:15 PM Eastern Standard Time JPMorgan Chase Financial Company LLC Declares Quarterly Coupon on Alerian MLP Index ETN Share NEW YORK--(BUSINESS WIRE)--JPMorgan Chase Financial Company LLC announced today the quarterly coupon amount for the Alerian MLP Index ETN (NYSE Arca: AMJB). The table below summarizes the coupon amount for the Alerian MLP Index ETN due January 28, 2044 (the "Notes†). | NYSEArcaTicker | RegisteredIssue | DeclarationDate | Ex | RecordDate | PaymentDate | CouponAmountper | ...

Unemployment is an unsettling situation that, for many, means a lack of steady income. As of Aug. 2025, 4.3% of Americans — 7.4 million — were unemployed and actively looking for work, according to the Bureau of Labor Statistics. If you’re part of that demographic, here’s what to know about using a credit card vs. using your savings account to meet your expenses. Should I use my credit card while unemployed? While you may be able to get by with your savings in the short term, long stretches of unemployme ...

Core Insights - U.S. equity markets are experiencing strong positive momentum driven by optimism regarding potential interest rate cuts by the Federal Reserve [1][5] - Major stock indexes are showing significant gains, with the Dow Jones Industrial Average up approximately 0.5%, the S&P 500 up 1.4%, and the Nasdaq Composite up 2.3% [2][3][4] Market Performance - The Dow Jones Industrial Average (DJIA) has increased by around 215 points, reflecting a nearly 1.3% advance over the last two trading sessions [2] - The S&P 500 has surged 1.4% today, building on a previous gain of 0.7% [3] - The Nasdaq Composite has risen 2.3% in midday trading, marking a significant recovery from a 2.7% decline the previous week [4] Economic Indicators - Market momentum is largely influenced by expectations of a December Federal Reserve interest rate cut, with a 77% likelihood of a 25-basis-point cut predicted by the CME FedWatch tool [5] - A series of economic data releases are anticipated this week, including delayed October U.S. retail sales and Producer Price Index (PPI) readings [7] Corporate Developments - Notable companies reporting earnings this week include Best Buy, Dell Technologies, Alibaba, and others, with Alibaba's shares gaining 4.7% in Hong Kong trading due to strong demand for its updated Qwen AI application [11][12] - Nvidia is in focus as reports suggest U.S. officials may allow the sale of its H200 AI chips to China, contributing to a 1.2% increase in its stock [10] - Diversified Energy Company has completed its acquisition of Canvas Energy, enhancing its production capabilities [12] Stock News - Novo Nordisk shares fell significantly after its oral semaglutide failed in late-stage Alzheimer's trials [9] - Deutsche Bank announced plans to issue Additional Tier 1 (AT1) capital instruments to support its capital ratios [13] - Zacks Investment Research identified Bank OZK, Boise Cascade Company, and Cool Company Ltd. as "Strong Sell" stocks due to downward earnings revisions [13]

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Core Viewpoint - The market is currently pricing in a 70% probability of a rate cut by the Federal Reserve in December, a significant increase from around 30% the previous week, influenced by recent data and comments from Fed officials [1][2]. Federal Reserve Committee Dynamics - There is considerable dispersion among Federal Reserve committee members regarding rate cuts, with some members, like New York Fed President Williams, holding more weight in their opinions due to their permanent voting status [3][5]. - Recent dovish comments from Governor Waller indicate a potential for supporting a rate cut, but consensus remains elusive among committee members [4][8]. Economic Data and Labor Market Focus - The upcoming economic data, particularly regarding the labor market and inflation, is crucial for the Fed's decision-making process, although current data is lagging [6][10]. - Inflation has remained above target for over four years, and while it is not expected to accelerate significantly, the labor market's performance will be a key focus for officials [11][12]. Risks and Future Outlook - There is a perceived risk of inflation remaining around 3%, but the labor market's potential weakening is a more pressing concern for Fed officials [13][14]. - The Fed's approach is cautious, as they aim to avoid surprising the markets, and the next few weeks will be critical in shaping the outlook for rate cuts [7][9].

Economic Outlook - Treasury Secretary Scott Bessent expressed optimism about the US economy, stating there is no risk of a recession in 2026 and highlighting the positive impact of President Trump's tariffs and trade deals [1][3] - Bessent anticipates that Americans will experience relief in the coming year as the effects of tariffs and trade agreements materialize, particularly in healthcare costs [3] Recession Predictions - Earlier in the year, Goldman Sachs and JPMorgan raised the likelihood of a US recession to 65% and 60%, respectively, but have since reduced those estimates to 30% and 40% as tariff rates were negotiated lower [4] - Bessent acknowledged that certain sectors, such as housing and interest rate-sensitive industries, are currently facing challenges [5] Inflation and Consumer Sentiment - US inflation reached 3% in September, the highest rate since January, contributing to economic concerns [7][8] - Consumer sentiment dropped to 50.3 in November, the lowest level in over three years, influenced by inflation and the recent government shutdown [8] Employment Data - Despite a strong addition of 119,000 jobs in September, the unemployment rate increased to 4.4%, marking its highest level in four years [9][11] Government Stimulus - The Trump administration is confident that proposed policies, including sending $2,000 checks to most Americans, will stimulate the economy, although there is pushback from GOP lawmakers [10]

Market Overview - The Dow Jones Industrial Average increased by 329.65 points (0.7128%) on November 24th, 2025, driven by expectations of a Federal Reserve interest rate cut in December [1] - Traders are now estimating a 79% probability of a 25-basis-point rate cut next month, up from 71% previously, which is positively impacting equity markets [2] Economic Indicators - The University of Michigan's final consumer sentiment index for November dropped to 51 from 53.6 in October, indicating consumer caution [1] - Upcoming economic reports, including October's U.S. retail sales and the Producer Price Index (PPI), are anticipated to influence the Federal Reserve's decision on interest rates [2] Company Performance - Merck & Co. (MRK) led the Dow gainers with a rise of 3.17%, followed by Amazon.com Inc. (AMZN) at 2.46% and International Business Machines Corp. (IBM) at 1.96% [3] - Goldman Sachs Group Inc. (GS) and Caterpillar Inc. (CAT) also saw increases of 1.96% and 1.87%, respectively [3] - In contrast, consumer staples and telecom companies faced declines, with Procter & Gamble Co. (PG) down 2.34% and Verizon Communications Inc. (VZ) down 1.70% [3]

Core Points - The European Investment Bank (EIB) and finance&invest.brussels have signed a €50 million ($57.6 million) loan agreement to enhance SME lending [1] - This agreement will enable finance&invest.brussels to provide up to €140 million in new loans to local SMEs and mid-caps under more favorable terms [1][2] Group 1: Objectives and Impact - finance&invest.brussels aims to facilitate funding for business expansion and job creation by reducing collateral requirements and improving lending conditions [2] - The institution focuses on sectors such as financial and legal technology, urban agriculture, creative industries, and sustainable food production [2][3] - The CEO of finance&invest.brussels emphasized the importance of supporting entrepreneurs in their growth and transition projects in a changing economic environment [3] Group 2: Previous Collaborations and Financial Support - The loan agreement extends the previous collaboration between finance&invest.brussels and the European Investment Fund, which has provided guarantees of €54 million in 2021 and €78 million in 2023 to support local SMEs and mid-caps [4] - The EIB and European Commission also recently agreed on a €400 million facility agreement with the Palestine Monetary Authority, indicating ongoing financial support initiatives [5]