(Bloomberg) -- Investors have slashed holdings of US equities by the most on record, according to Bank of America Corp.’s latest survey, underscoring the massive rotation that’s underway in global markets.Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal Funds
Stablecoin Protocol Level Aims to Expand $80M DeFi Yield Token With Fresh Capital Raise
The protocol's lvlUSD stablecoin hit $80 million market capitalization since its beta launch and outperformed rival yield-generating stablecoins, founders told CoinDesk in an interview.
Crypto Daybook Americas: Bitcoin ETFs See $275M Buyers, 'Exhausting' Bears, Ahead of FOMC
Your day-ahead look for March 18, 2025
XPeng sees better-than-expected quarterly revenue on new markets, cheaper SUVs
XPeng forecast first-quarter revenue of 15 billion yuan to 15.7 billion yuan, the midpoint of which is above analysts' average estimate of 14.86 billion yuan, according to data compiled by LSEG. Earlier this month, XPeng revealed its refreshed G6 and G9 SUVs at prices lower than their previous models. The new G6 starts at 176,800 yuan ($24,402), 11.6% lower than its predecessor, while the starting price of the G9 is 5.7% lower at 248,800 yuan, XPeng Chairman He Xiaopeng said at a press conference.
Scott Bessent says he’s not worried about the stock market’s ‘healthy correction,’ insisting the Trump administration is only trying to avoid an even bigger financial crisis
The stock market saw its first correction since 2023 last week.
Intel’s new CEO stands to reap more than $400 million—but he’ll have to triple the stock price and personally spend $25 million to get it
If Intel CEO Lip-Bu Tan can grow the stock price the way company hopes, Intel’s market cap would swell from $104 billion to $312 billion, an analysis found.
Wall Street lower with Fed meeting, Trump-Putin call in focus
Wall Street's main indexes fell on Tuesday as markets awaited the Fed's outlook on monetary policy and developments related to U.S. President Donald Trump's call with his Russian counterpart Vladimir Putin on ways to end the three-year war in Ukraine. The Federal Reserve's two-day rate-setting meeting kicks off on Tuesday, and expectations are that the central bank will keep interest rates steady, according to data compiled by LSEG. Trump's tariff measures have sparked a trade tussle with major U.S. trading partners, prompting swift retaliatory actions.
Analysis-Fintechs and crypto companies seek bank charters for growth
Financial technology firms and crypto companies are seeking to become state or national banks in a bid to expand their business under the Trump administration that they view as more industry-friendly, according to more than half a dozen industry executives. Firms that had been seeking to expand and gain credibility with customers see an opportunity under U.S. President Donald Trump to get licenses that regulators were previously slow or reluctant to approve. Discussions and preparations for bank charters have increased significantly, according to two other sources who are working on potential applications.
Bond investors brace for US slowdown, shed risk as Fed seen on hold
NEW YORK (Reuters) -Bond investors are bracing for a U.S. economic downturn, as they pare back risky exposures, while many are extending duration in their fixed-income portfolios, taking in to account a Federal Reserve that is in no rush to resume cutting interest rates. In the run-up to this week's two-day Federal Open Market Committee meeting, investors have been extending duration. Investors have been lengthening duration for the last month at least, market participants said.
Fed watchers see good chance of change in balance sheet drawdown
Wall Street’s ever-shifting outlook on the reduction of the Federal Reserve’s balance sheet is once again in flux, with a number of banks and researchers now seeing a good chance the central bank may slow further or pause the effort at this week's policy meeting. The Fed's two-day interest-rate-setting meeting concludes on Wednesday, with little expectation for a change in rate policy but some indications that Fed officials are growing concerned that the reduction of bond holdings under quantitative tightening, or QT, may cause issues in money markets while the Treasury Department faces constraints managing government finances under the federal debt limit. “We think the Fed will opt for a slowdown" in the pace of Treasury bond run-off, said Evercore ISI analysts.