📈 Stocks / Finance

Barr's Resignation Signals Softer Banking Oversight

CNBC

Fed Vice Chair Michael Barr will step down early to avoid legal battles, clearing the way for Trump to appoint a more industry-friendly regulator. This shift may ease Basel III capital rules and boost bank flexibility. Bank stocks rose following the news, reflecting optimism for deregulation.

Job market cools as quits hit pandemic-era lows

CNN

November's JOLTS report reveals a cooling labor market, with quits dropping below 3.1M, the lowest since the pandemic peak. Hiring also remains at a decade low, though job openings rose to 8.1M. Economists note steady unemployment at 4.2% but warn of potential shifts under new policies.

Tech stocks slide as Treasury yields rise

Yahoo Finance

Tesla, Rivian, and Broadcom fell 4-5% as Treasury yields surged to 4.69% following strong economic data, including a 64.4 PMI. Sticky inflation dims rate cut hopes, with 60% expecting steady rates in March. Tesla faced mixed analyst ratings amid debates on valuation and future catalysts.

🪙 Crypto

Bond market fears drive crypto sell-off

Crypto.News

Cryptocurrency prices plunged as Bitcoin dropped 4% and Ethereum, XRP, and Solana fell over 5%. Rising U.S. bond yields, with the 10-year at 4.7%, fueled risk-off sentiment. Analysts warn higher yields could shift investments from crypto to safer assets like money market funds.

🌎 Global Economy

Indonesia joins BRICS, boosting Global South economic influence

Geopolitical Economy

BRICS admitted Indonesia, the world's 4th most populous country and 7th largest economy, bringing its membership to 10 nations. Together, BRICS accounts for 41.4% of global GDP (PPP), surpassing the G7. Indonesia’s strategic nickel production highlights its rising economic role.

The gold standard of business news

Morning Brew is transforming the way working professionals consume business news.

They skip the jargon and lengthy stories, and instead serve up the news impacting your life and career with a hint of wit and humor. This way, you’ll actually enjoy reading the news—and the information sticks.

Best part? Morning Brew’s newsletter is completely free. Sign up in just 10 seconds and if you realize that you prefer long, dense, and boring business news—you can always go back to it.

Join 4.3 Million Readers Now

🗞️ Other Newsletters You Might Like

Essential stock market insights every day before the bell rings.