Citigroup (C) boosted its full-year net interest income guidance and now sees 2025 revenue at the high end of its previous guidance. The bank posted beats on both Q2 EPS and revenue. Its services business continued to shine, and banking revenue jumped 23% Y/Y.

Financial market participants have pushed out yet again the end date for the effort to shrink the size of the Federal Reserve's large balance sheet, the minutes of the U.S. central bank's June 17-18 policy meeting showed on Wednesday.

After a week marked by trade flare-ups, record-breaking stock market highs, and trillion-dollar valuation milestones for AI darling Nvidia (NVDA), Wall Street remains locked in a heated debate over the Federal Reserve's next move.

Wells Fargo dove into the implications for the auto sector of the Trump Administration imposing a 50% tariff on copper imports from select countries.

U.S. shares opened higher on Tuesday, and Treasury yields inched down, as investors digested an expected slight pick-up in inflation alongside a raft of moderately positive quarterly results from big banks.

Apollo, for one, expects just one rate cut in 2025. JPMorgan strategists forecast two. Goldman Sachs last week updated its prediction to three, starting in September, arguing that moderating growth and elevated borrowing costs will force the Fed’s hand.