US securities regulator opens door for Wall Street banks to hold crypto

Securities and Exchange Commission overturns guidance that made it costly to hold digital assets for clients

Topics

SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto

SEC rescinds controversial rule in latest pro-crypto measure taken by new Trump administration.
CNBC - 3h
Big US banks set for $31bn quarterly profit as Wall Street business booms

Trading activity boosted in final quarter of 2024 by Donald Trump’s election win
Financial Times - Jan. 13
Wall Street notches another win as Fed's Barr clears the way for gentler banking regulator

With Barr's resignation, a more precise image of incoming bank deregulation is forming.
CNBC - Jan. 7

Trump in fiery call with Denmark’s prime minister over Greenland

US president insisted he wants to take over Arctic island
Financial Times - 6h
Marco Rubio demands immediate halt to virtually all US foreign aid

Secretary of state freezes contracts around the world, fulfilling executive order from Donald Trump
Financial Times - 4h
How to respond to Trump 2.0

America’s partners must defend their values as well as their interests
Financial Times - 7h
Trump’s new economic war

The president’s ultimatums and demands on allies and rivals suggest he will use America’s financial might as a cudgel
Financial Times - 5h
Gen Z Americans are leaving their European cousins in the dust

Millennials across the west were united in their economic malaise. Their successors not so much
Financial Times - 19h

Corporate tax cuts don’t boost the economy — despite what many investors believe

Raising corporate taxes — not cutting them — frequently delivers faster economic growth.
MarketWatch - 18m
Jim Cramer's week ahead: Fed meeting and Big Tech earnings

CNBC's Jim Cramer highlighted what he's paying attention to next week as Wall Street launches into earnings season.
CNBC - 28m
Amazon Prime Video Seeks Profit Boost from Live Sports

Live sports create valuable opportunities for targeted ad placements on Prime Video.
Inc. - 32m
Companies May Not Be Able to Abandon DEI Despite Trump Order

Some companies have begun pulling back DEI efforts, but it may open them up to serious legal issues.
Inc. - 56m
Trump recommends ending FEMA ahead of California fire site visit

President Donald Trump will visit California to see the damage caused by wildfires around Los Angeles. FEMA has been involved in response efforts there.
CNBC - 1h