Wall Street Today: AI Domestic Investment News on the Way

Kevin Travers16:42 ET

External headlines: The SEC of the USA established a Cryptos task force. Apple had a bleak start to the new year. OpenAI teams up with SoftBank and Oracle to invest in AI. The CEO of UBS Group hinted at continued layoffs.

The major headlines that global financial media focused on last night and this morning include: Trump will announce a massive investment in AI infrastructure in collaboration with OpenAI, SoftBank, and Oracle. US President Donald Trump is expected to announce a new AI investment plan, with SoftBank, OpenAI, and Oracle ready to announce the establishment of a joint venture. A White House official stated that Trump will announce an initial investment of 100 billion dollars on Tuesday afternoon alongside SoftBank's Masayoshi Son, OpenAI's Sam Altman, and Oracle's Larry Ellison, with the scale potentially expanding over the next four years.

Global Market Report16:33 ET

Citigroup Options Spot-On: On January 21st, 152.63K Contracts Were Traded, With 2 Million Open Interest

Moomoo News16:30 ET

Live Stock News: Market Climbs, Crypto Falls, Big Tech is Here and Trump Starts Signing Orders

Kevin Travers11:11 ET

Citi: Signs indicate that the Fed's Algo tightening may continue through 2025.

Citigroup stated that signs indicate the Federal Reserve's Algo tightening policy will continue into 2025, particularly as the use of reverse repurchase agreements (RRP) tools rises with the decrease in the Treasury's Cash / Money Market balance. Since early 2024, Citigroup strategists have expected that Algo will last at least until the first half of 2025, as they anticipate that the $3 trillion in reserves is far above the abundance level; the Federal Reserve may want the repo rate to be higher than RRP — a situation that is unlikely to occur before the debt ceiling is resolved; before repo rate changes, the federal funds rate / reserves balance (IORB) is expected to be.

Global Market ReportJan 21 10:51 ET

IShares U.S. High Yield Bond Index ETF (CAD-Hedged) Declares CAD 0.083 Dividend

Seeking AlphaJan 21 09:29 ET