📈 Stocks / Finance

IBM CEO Sees Less Regulation Boosting AI and M&A Activity

Yahoo Finance

IBM CEO Arvind Krishna supports a reduced regulatory environment, noting it would expedite investments and favor M&A. Krishna highlighted AI as a key growth driver for IBM and US tech, with increased global interest anticipated. IBM shares are up over 25% year-to-date.

Stock Rally Pauses Ahead of Nvidia Earnings

Yahoo Finance

The post-election stock rally stalled as the S&P 500 fell 2%, weighed down by inflation data and Fed comments. Nvidia's earnings, expected to show 80% growth in EPS and revenue, are due this week. The Fed's rate uncertainty and Powell's remarks added volatility, impacting investor sentiment.

Trump Adds Warsh and Rowan to Treasury Secretary Candidates

Reuters

Donald Trump has added Kevin Warsh, ex-Federal Reserve Governor, and Marc Rowan, Apollo Global Management CEO, to the list of Treasury secretary candidates. Bill Hagerty, Howard Lutnick, and Scott Bessent remain in contention, though Trump's preferences seem to be shifting.

🪙 Crypto

Crypto's Influence on the 2024 Election

Rolling Stone

Crypto firms contributed nearly half of the $274M in corporate money spent in the 2024 election, supporting Republicans like Trump and Moreno to secure favorable regulation. The industry now accounts for 15% of all corporate contributions since Citizens United, pushing for 'light-touch' oversight.

🌎 Global Economy

Central Banks' Balance Sheets and Monetary Shocks

CEPR

A new dataset from 1891-2019 shows central banks expand domestic assets to counter international monetary shocks, even in pegged regimes. This expansion allows them to regain some monetary autonomy, affecting interest and exchange rates across historical and current financial systems.

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