What we’re reading (12/9)
“Fed Cut This Week May Be Last For A While” (Bloomberg). “Federal Reserve officials are primed to deliver a third consecutive interest-rate cut on Wednesday, but the streak may end there. Concerns around lingering inflation have generated a deep division within the US central bank, likely preventing Fed Chair Jerome Powell from signaling any further moves early next year.”
“Massive Debt-Fueled Deals Are Back On Wall Street” (Wall Street Journal). “Big-ticket mergers and acquisitions, or those valued at $10 billion or more, hit a record dollar amount this year, according to Dealogic. Much of the price tag on those deals gets paid for with debt.”
“Netflix’s Swallowing Of Warner Bros. Will Be The End Of Hollywood” (New York Times). “The danger here is not annihilation but centralization. Netflix is the No. 1 premium streaming service. Warner Bros. is one of the most successful of the legacy film studios, and HBO has long been the premier brand in prestige television. These are not middling players; they are two of the main pillars of the modern entertainment industry.”
“JPMorgan Stock Tumbles Over 4% After Company Warns On Higher Spending In 2026” (Yahoo! Finance). “JPMorgan stock fell 4.65% on Tuesday after executive Marianne Lake warned that costs at the bank would rise in 2026 as competition in the credit card space and investments in AI drive higher spending at the firm. The stock's slide made JPMorgan the biggest loser in the Dow Jones Industrial Average on Tuesday. It was the bank's largest one day decline since April 4.”
“Investors’ Bearishness Is Often Overdone — But Their Market Bubble Fears May Be Spot-On” (MarketWatch). “You’re kidding yourself if you think a stock-market bubble can’t form when there is widespread concern about a bubble. Many investors are nevertheless guilty of this line of thinking. They forget that bubbles can — and often do — occur even when many experts and ordinary investors alike are worried about one forming.”
