The Wall Street Journal's editorial board trashed President Donald Trump's call to nuke the filibuster on Monday, arguing the GOP would be "dumb" to heed it.

Wall Street was preparing to work alongside Zohran Mamdani a day after the Democratic Socialist won the New York City mayoral race, a win set to reverberate through the heart of global capitalism as financiers worry the city's competitiveness and business appeal could suffer.

Wall Street's optimism going into 2025 looks like it was right on the money. Most everyone's year-end bonuses, which will be doled out early next year, are going up. That's according to projections published Wednesday from compensation consulting firm Johnson Associates.

Shares have bounced back in Asia after Wall Street got a boost from upbeat economic updates and a steady flow of quarterly reports from U.S. companies.

The Canadian dollar edged higher against its broadly weaker U.S. counterpart on Monday as oil clawed back some of this month's decline and stock markets rose globally, with the loonie finding some support after posting three straight weekly declines.

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Shares in Europe and Asia have retreated following a broad decline on Wall Street spurred by selling of Big Tech shares.

Heavyweights of the financial world spent millions to elevate other candidates in the New York City mayoral race.

Major financial services firms such as Goldman Sachs, JPMorgan Chase, and Wells Fargo have expanded operations in Dallas, Texas, where the firms have thousands of workers.

Wells Fargo said it thinks investors should be trimming exposure to tech stocks and adding to select areas of the market on down days.

Lucid also said it has agreed to increase a term loan credit facility from $750 million to roughly $2 billion from Saudi Arabia's Public Investment Fund.