📈 Stocks / Finance

JPMorgan forecasts strong Q4 investment banking growth

Reuters

JPMorgan expects Q4 investment banking fees to rise 45% YoY, with trading fees up 15%, per Marianne Lake at the Goldman Sachs conference. Net interest income for 2025 is projected $2B higher, reflecting firmer rate outlooks. Shares briefly rose 1.7% before stabilizing.

Markets tread water as US CPI and rate cuts loom

Reuters

Asian markets dipped with MSCI Asia ex-Japan down 0.4%, while US and European futures showed minimal movement. Investors anticipate a US inflation report and Canadian rate decision, with an 85% chance of a US rate cut priced in. Core CPI above 0.3% could jolt markets, boosting the dollar and pressuring equities.

Vodafone's long-term deal with ASTS expands space-based broadband

Yahoo Finance

AST SpaceMobile (ASTS) signed a 10-year agreement with Vodafone to deliver space-based cellular broadband using BlueBird satellites, leveraging over 3,450 patents. The partnership enhances remote connectivity, promises higher revenues, and builds on ASTS's 395.9% stock gain this year.

🪙 Crypto

Ripple's RLUSD stablecoin receives NYDFS approval

Yahoo Finance

Ripple's RLUSD stablecoin, pegged to the USD and backed by cash equivalents, gained NYDFS approval, aiming for institutional adoption. Ripple targets a $2T market cap by 2028, challenging Tether's dominance in the $192.8B stablecoin sector while navigating regulatory and market competition.

🌎 Global Economy

Oil market complacency risks catastrophic economic fallout

Lowy Institute

Current oil market complacency mirrors the 1970s Arab embargo's warning signs. A Strait of Hormuz disruption could push crude to $300 per barrel, sparking global economic turmoil. Overreliance on shale and strategic reserves underestimates risks, urging reassessment of energy security strategies.

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