๐ฃ Unrealized losses now account for ~33% of all bank equity capital in the US. Currently, banks are sitting on nearly $700 billion of unrealized losses.
๐ Key Events This Week:
1. 10-Year Note Auction - Wednesday
2. Crude Oil Inventories - Wednesday
3. December CPI Inflation data - Thursday
4. Initial Jobless Claims - Thursday
5. December PPI Inflation data - Friday
6. Total of 4 Fed Members Speak
๐จ๐จ๐จ Forbes: #BlackRock plans to cut 3% of its workforce.
On January 7th, Forbes quoted sources as saying that BlackRock plans to announce a global workforce reduction of about 3%, or approximately 600 employees, in the coming days.
๐ฃ Microsoft $MSFT is adding a button to the Windows keyboard to activate its AI Copilot service
The first devices that will have the new AI key will be available this month - Bloomberg