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Bloomberg· 2025-11-21 17:46
Deutsche Bank is mounting a return to the top table of precious metals trading a decade after it all but abandoned the business, notching up significant trading profits and applying to rejoin the inner circle of banks that play a central role in the market https://t.co/tYqd3WpxYU ...
Fed's Williams Sees Room for a Near-Term Rate Cut
Youtube· 2025-11-21 16:52
Monetary policy is very focused on balancing the downside risks to our maximum employment goal and the upside risk to price stability. My assessment is that downside risks to employment have increased as the labour market has cooled, while the upside risks to inflation are less than somewhat. Underlying inflation continues to trend downward.Absent any evidence of second round effects emanating from tariffs. But for these reasons, I fully supported the FOMC decisions to reduce the target range for the federa ...
The Law Offices of Frank R. Cruz Announces Investigation of Western Alliance Bancorporation (WAL) on Behalf of Investors
Businesswire· 2025-11-21 16:40
Nov 21, 2025 11:40 AM Eastern Standard Time The Law Offices of Frank R. Cruz Announces Investigation of Western Alliance Bancorporation (WAL) on Behalf of Investors Share LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Western Alliance Bancorporation ("Western†or the "Company†) (NYSE: WAL) concerning whether the board breached its fiduciary duties to shareholders. The Law Offices of Frank R. Cruz Announces Investigation of ...
Fed's Williams leaves the door open to a December rate cut, bitcoin extends its slide
Youtube· 2025-11-21 15:29
Group 1: Federal Reserve and Market Reactions - New York Federal Reserve President John Williams indicated potential for a rate cut in December, suggesting the central bank may adjust its policy stance due to a softening labor market [9][10][12] - The S&P 500 experienced a significant intraday reversal, dropping 1.6% after an initial rise of 1.4%, now down approximately 5% from October highs [2][6] - Other Federal Reserve officials expressed mixed views on rate cuts, with some showing caution while others, like Williams and Jefferson, appeared more open to the idea [11][13] Group 2: Cryptocurrency Market - Bitcoin faced a severe sell-off, with $1 billion liquidated in just one hour, marking its worst month since the 2022 crypto collapse [3][4] - Bitcoin's price has dropped over 30% since reaching record highs in early October, currently trading below $85,000 [4][38] - Concerns arise regarding potential forced selling from companies heavily invested in Bitcoin, such as Strategy, which owns over 3% of all Bitcoin [37][38] Group 3: Retail Sector Performance - Retail earnings reports highlighted a focus on "value," with companies like Walmart, Ross, and TJX performing well by catering to diverse income demographics [25][26][28] - Gap Inc. reported better-than-expected results, particularly from its Old Navy and Gap brands, indicating strong consumer response to their marketing strategies [30][32] - The retail sector is characterized by a K-shaped recovery, where high-income earners are spending while low-income consumers seek value [28][29] Group 4: Warner Brothers Discovery Bids - Paramount, Comcast, and Netflix have submitted nonbinding bids for Warner Brothers Discovery, with Paramount seeking to acquire the entire company [5][34] - The bidding process is expected to continue with additional rounds, as Warner Brothers evaluates strategic options following interest from multiple suitors [34][35] Group 5: Foxconn and AI Partnership - Foxconn announced a partnership with OpenAI, planning to invest between $1 billion to $5 billion to expand its manufacturing footprint in the U.S. [36] - The collaboration aims to address challenges in establishing AI data centers, with Foxconn being a major player in contract electronics manufacturing [36]
NY Fed president floats chance of a rate cut in ‘near term' – sparking bets on December cut
New York Post· 2025-11-21 15:12
New York Fed President John Williams said Friday there is room for “further adjustment in the near term” to interest rates – sparking traders to step up their bets on a quarter-point cut at the Fed’s December meeting.Williams argued labor market weakness still poses a bigger threat than inflation, leaving the door open for a quarter-point cut, even as analysts were split on next month’s decision following mixed jobs data.“I view monetary policy as being modestly restrictive, although somewhat less so than b ...
Stablecoins are going to reduce CRA funding to underserved communities
American Banker· 2025-11-21 15:00
If the loophole in the GENIUS Act isn't closed, the flow of money into stablecoins will wind up reducing the Community Reinvestment Act funding that many underserved communities rely on for development, writes Kevin Kimble.Adobe Stock I've seen firsthand how policy decisions made in Washington ripple through America's neighborhoods, determining who gets a mortgage, who can start a business, and which communities thrive or struggle. Our financial system should serve everyone — not just the wealthy and well ...
New York Fed President Williams sees room for 'further adjustment' to rates
CNBC· 2025-11-21 12:55
Core Viewpoint - The New York Federal Reserve President John Williams anticipates that the central bank can lower its key interest rate due to labor market weaknesses being a greater economic threat than inflation [1][7]. Group 1: Interest Rate Outlook - Williams supports the view that current monetary policy is modestly restrictive, suggesting there is room for further adjustments to the federal funds rate to align it closer to neutral [3][6]. - Financial markets reacted positively to Williams' comments, with stock market futures rising and Treasury yields decreasing [4]. Group 2: Market Expectations - Following Williams' remarks, traders adjusted their expectations, now seeing over a 64% probability of a quarter percentage point rate reduction at the upcoming Federal Open Market Committee meeting on December 9-10 [4]. - This marks a significant shift from previous expectations, which indicated a lower likelihood of a rate cut [4]. Group 3: Economic Assessment - Williams noted an increase in downside risks to employment as the labor market cools, while upside risks to inflation have diminished [7]. - He emphasized that underlying inflation is trending downward, with no evidence of second-round effects from tariffs impacting inflation [7].
CAC 40 Recovers After Early Setback, But Remains Weak
RTTNews· 2025-11-21 11:41
After an early setback that resulted in the benchmark CAC 40 losing over 100 points, the French market recovered and briefly moved above the flat line on Friday. Concerns about high tech valuations have resurfaced despite US chipmaker Nvidia's strong earnings and update. Uncertainty about Federal Reserve's interest rate move in December also hurt the market early on. However, flash estimates showing an expansion in French services sector activity aid sentiment.The CAC 40, which tumbled to 7,875.87 at the s ...