Core CPI was unchanged at 0.3% for a third month, matching the approximate level in Waller’s conditional December policy discussion before the release.
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An increasing number of S&P 500 companies are seeing significant benefits from artificial intelligence (AI).
Morgan Stanley says 44% of S&P 500 companies now report at least one measurable benefit from AI, up from 32% a year ago, a 12% increase, reports Seeking Alpha.
Morgan Stanley reached that figure after reviewing about 18,000 corporate transcripts.
Direct financial gains such as cost savings or revenue generation are cited by 26% of companies, up from 16%.
Productivity remains the most common benefit, cited by 32% of companies.
Financials lead the pack, with 67% of financial companies reporting tangible AI improvements, ahead of communication services at 61% and information technology at 51%.
Costs are getting more attention too, with 22% of S&P 500 companies now noting AI-related expenses, up from 8% over the past 12 months.
Token, inference and API costs make up the largest share of those expenses at 51%, above general computing and infrastructure.
Morgan Stanley has also named 28 companies that consistently cite quantifiable AI benefits and have at least 10% upside to the bank’s price targets.
The list includes Bank of America, eBay, UnitedHealth Group, Procter & Gamble, Citigroup, JPMorgan Chase, Visa, American Express, GE Aerospace and Blackstone.
Companies in the top 10% for frequently discussing quantifiable AI benefits have seen forward earnings run ahead of the broader S&P 500 on a sector-neutral basis.
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The post Morgan Stanley Names 28 Companies Reporting Measurable AI Gains, Including Bank of America, JPMorgan and Visa appeared first on The Daily Hodl.
Crypto custodians are moving into a market handling billions in daily settlements, but regulatory relief and a shift in congressional control leave questions over their long-term role.
Crypto companies are moving deeper into financial services traditionally dominated by banks, seeking a role in US derivatives settlements, where billions of dollars change hands daily.
The push comes as regulators expand the services trust companies can provide, even as traditional banking groups challenge parts of the regulatory framework governing crypto firms’ expansion into banklike activities.
A Nov. 5 decision by the Commodity Futures Trading Commission (CFTC) illustrates the shift, allowing derivatives clearinghouses to use trust companies for daily settlements with clearing members, a function previously restricted to banks under the agency’s regulations.
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The protocol is investigating a potential security incident affecting its domain, while several users have reported losing funds after interacting with the platform.
Crosschain bridging protocol Across, which allows users to transfer digital assets between Ethereum and other blockchain networks, warned users Tuesday not to access its app or connect their wallets while it investigates a potential security incident.
In a Tuesday X post, Across advised users against signing transactions or approvals until further notice, without specifying the nature of the incident or whether its website had been compromised.
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Ava Labs’ John Nahas said the collaboration with the NYSE shows institutions moving past pilots toward purpose-built onchain market infrastructure.
Traditional finance is moving past one-size-fits-all blockchains, according to John Nahas, chief business officer at Ava Labs, the company behind the Avalanche network.
Nahas told Cointelegraph that the planned NYSE-affiliated tokenized securities platform, which will use Avalanche technology for clearing and settlement, illustrates that financial institutions want more control over how their blockchains operate.
“Capital markets need reliable performance and predictable cost settlement, certainty and control over the network and its participants,” he said. “It’s really important for this chain to be purpose built for the needs of NYSE.”
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The Plume affiliate plans to offer tokenized US stocks, ETFs and bonds through self-custodial wallets, with traditional shareholder rights preserved.
Kimber Digital Securities, an affiliate of blockchain network Plume, said Tuesday it had registered as a broker-dealer with the US Securities and Exchange Commission and joined the Financial Industry Regulatory Authority.
In its announcement, the company said it plans to offer tokenized US stocks, exchange-traded funds (ETFs) and bonds that investors could hold in self-custodial wallets. The company gave no launch date.
Tokenized stocks are digital tokens that represent company shares or rights tied to those shares. Transfers of the tokens are recorded on a blockchain. The rights investors receive depend on how the tokens are structured.
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Stronger post-2020 oil transmission could complicate monetary easing, but second-round effects have not yet appeared.
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