Interest-ing quarter… Banks will kick off Q4 earnings szn with names like JPMorgan Chase, Bank of America, and Wells Fargo reporting on Friday. In Q3, the mega money managers’ earnings boomed as rising rates supercharged interest income from loans, deposits, and credit-card debt. And with those elevated rates sticking around last quarter, banks may’ve been sitting pretty. Still, the Fed’s expected to cut rates several times this year. That could shift banks’ balance sheets as they earn less interest on mortgages and your savings account.
Meet me at the tech-spo… 130K tech heads are expected to attend the Consumer Electronics Show in Vegas this week. The yearly event has given the world its first look at innovations like VCRs, CDs, and Oculus Rift VR headsets. AI is a big theme this year: Microsoft said it’ll show off PCs with a dedicated AI button, and Samsung’s expected to power up AI-fueled — wait for it — vacuums and refrigerators. (One conspicuous absence: OpenAI.) Beyond AI, Hyundai’s demo’ing flying-car tech while TV makers will introduce crisper “microLED” screens.