Wall Street Banks Prepare to Sell Billions of Dollars of X Loans

What factors drive mortgage loan interest rates?

The Fed rate decisions aren't the only factor that plays a role in where mortgage rates head next.

CBS News - Jan. 8

Bank of England to relax rules for banks and insurers

PRA’s Sam Woods says burden can be eased without ‘race to the bottom’ on financial regulation

Financial Times - Jan. 8

Wall Street casts doubt on Citi chief Fraser’s bid to hit crucial target

Bank has lagged well behind rivals on important measure of profitability

Financial Times - Jan. 8

How would X's "community notes" model work on Meta platforms?

Meta, parent company of Facebook and Instagram, announced Tuesday that its platforms will eliminate their third-party fact-checking systems. NPR correspondent Shannon Bond joins "The Daily Report" ...

CBS News - Jan. 7

UK watchdog bans adverts featuring burning dollars

Posters from Islamic finance start-up Wahed Invest likely to cause ‘serious offence’, rules ASA

Financial Times - Jan. 8

Paul Atkins, Tapped to Lead SEC, Likely to Go Easier on Wall Street Enforcement Actions

Trump’s pick, a former top official at the Securities Exchange Commission now likely to hold its top job, has a track record of resisting penalties for compnaies and individuals.

Inc. - Jan. 7

Meta Replaces Fact-Checking With X-Style Community Notes

Mark Zuckerberg will take a page from rival Elon Musk and let user comments supply their reactions and evaluations of posts, rather than using third-party fact checkers.

Inc. - Jan. 7

What a Wall Street analyst gets wrong about Apple in rare sell call on the stock

MoffettNathanson downgraded shares of the iPhone maker to sell from hold Tuesday.

CNBC - Jan. 7

Meta Turns to Community Notes, Mirroring X

Social media companies are abandoning years of fact-checking practices as Republicans criticize it as censorship.

The New York Times - Jan. 7

Meta to end fact-checking, replacing it with system similar to Musk's X

Meta CEO Mark Zuckerberg cites "cultural tipping point" of election in making major changes to practices.

CBS News - Jan. 7

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

Elon Musk and His Megaphone, X, Rattle British Politics

With 211 million followers on social media, the multibillionaire seems intent on using his global platform to rattle British politics.

The New York Times - Jan. 7

Nvidia chief calls robots ‘multitrillion-dollar’ opportunity

Jensen Huang unveils AI models for humanoids and self-driving car partnership with Toyota at CES keynote

Financial Times - Jan. 7

Exodus by Wall Street Banks From Climate Group Worries Advocates

The end of the year saw five of the six largest U.S. banks leave the Net-Zero Banking Alliance, as conservative pressures discouraged their climate change policies.

Inc. - Jan. 6

Michael Barr to step down as Fed’s top Wall Street regulator

US central bank’s vice-chair for supervision will leave his role in February but stay on as a governor

Financial Times - Jan. 6

Report of easing tariff plan, which Trump denies, sends dollar lower

Aides to President-elect Donald Trump are weighing more targeted tariffs than was proposed by the campaign, according to a report.

MarketWatch - Jan. 6

Dollar drops on reports Trump will scale back tariff plans

Shares in European carmakers rally on hopes new US administration targets only critical imports

Financial Times - Jan. 6

Bank alleges Bill Cosby ‘failed to repay’ loans; he could face foreclosure on two NYC homes

Cosby and his wife are reportedly facing foreclosure on two townhouses, after allegedly failing to keep up with repayments on multimillion-dollar loans.

MarketWatch - Jan. 6

‘A not so subtle misogyny’: Sargent portraits of ‘dollar princesses’ come to London

Portraits of wealthy American heiresses who married into British society will be shown at Kenwood in London. Margaret “Daisy” Leiter was just 19 when in 1898 she was painted by the most celebrated ...

The Guardian - Jan. 6

Investment banks prepare for crunch year in 2025

Boutiques counting on M&A rebound to support elevated valuations and star hires

Financial Times - Jan. 6

Joe Biden prepares to bow out

Plus, UK retail earnings, South Korea’s Yoon summoned to parliamentary hearing and Venezuela’s Maduro sworn in

Financial Times - Jan. 5

Top Wall Street analysts pick these dividend stocks for 2025

TipRanks' analyst ranking service reveals three dividend-paying stocks, including Ares Capital and ConocoPhillips.

CNBC - Jan. 5

How Elon Musk’s X became the global right’s supercharged front page

Musk has now used X as a platform to make aggressive interventions in US politics – and in those of other countries. As a business proposition, Elon Musk’s ownership of X, formerly known as ...

The Guardian - Jan. 4

Louisiana boy rewarded after giving away his only dollar

Nine-year-old Kelvin Ellis Jr. of Baton Rouge, Louisiana, had only $1 to his name, but chose to give it away to a man he mistook as homeless. That single act of generosity sparked a friendship he ...

CBS News - Jan. 3

FirstFT: China’s central bank prepares for historic monetary policy shift

Also in today’s newsletter, cold winter snap stokes US heating prices and a shake-up at the top of Meta

Financial Times - Jan. 3

GTA 6 Could Sell 40 Million Copies And Make $3 Billion In First Year Alone

According to a research company, Grand Theft Auto VI could bring in more than $3 billion in total revenues during the first 12 months after launch. A report from Financial Times cites data from ...

GameSpot - Jan. 2

Dollar surges against the euro and sterling

US jobs data adds to investor confidence over strength of American economy

Financial Times - Jan. 2

Musk defends demonetizing critics' content on X

Tech billionaire Elon Musk defended his move to demonetize his critics' content on his social platform X and maintained the decision did not violate free speech. "The first amendment is protection ...

The Hill - Jan. 2

Why Wall Street Expects the Stock Market to Have a Big 2025

Analysts see corporate earnings improving beyond just big tech names.

Inc. - Jan. 2

NYCFC loans Sands to Bundesliga side St. Pauli

New York City FC loaned homegrown midfielder James Sands to the German Bundesliga side FC St. Pauli.

ESPN - Jan. 2

Can Labour sell a softer prisons policy?

The sweeping, costly reforms needed to relieve overcrowded jails will test Labour’s resolve in persuading the public

Financial Times - Jan. 2

Gold set to rally further this year, say Wall Street banks

Yellow metal expected to continue to benefit from buying by global central banks

Financial Times - Jan. 2

Alibaba to Sell Stake in Chinese Hypermarket Operator

Alibaba Group has agreed to sell its shares in Sun Art Retail in a $1.7 billion deal, the latest divestment as part of efforts to focus on its core e-commerce business.

The Wall Street Journal - Jan. 1