US Treasurys rose slightly Monday, recovering some losses from last week, amid optimism that the Federal Reserve might cut interest rates again next month. However, the outlook for a December rate cut has diminished after several Fed officials expressed doubts about the need for further cuts. The 10-year Treasury yield fell by two basis points to 4.13%.

Actively managed ETFs not only give you the potential for better performance than the benchmark. They can also give you greater tax efficiency, so you can keep more of what you earn. Read the article.

Financial markets experienced a broad sell-off Monday, with the Dow Jones Industrial Average having its worst three-day stretch since 2018. The sell-off was driven by investor concerns ahead of key events, including Nvidia's earnings report and delayed jobs data. Tech stocks, cryptocurrencies and gold all declined, with notable drops in companies such as Apple and Meta.

Assets in the US exchange-traded fund industry reached a record $13.08 trillion at the end of last month, with net inflows for the month totaling $186.19 billion, ETFGI says. This has helped push year-to-date inflows to $1.14 trillion, also a record.

Bank of America is tying direct revenue growth and cost reductions to its AI deployments, with tech chief Hari Gopalkrishnan saying the bank sees "revenue opportunities everywhere" across its eight business lines. He highlighted that the Erica virtual assistant has processed 3 billion interactions, doing the equivalent work of 11,000 staff, while AI tools are boosting banker productivity and cutting call-center handling time. Gopalkrishnan said AI is reducing fraud losses and removing "toil" from operations as BofA ramps up its $13 billion annual tech program.

The Securities and Exchange Commission has removed crypto asset-related services as a primary focus in its 2026 examination priorities, shifting to fiduciary duty, standards of conduct and customer data privacy. "Examinations are an important component to accomplishing the agency's mission, but they should not be a 'gotcha' exercise," SEC Chair Paul Atkins says. "Today's release of examination priorities should enable firms to prepare to have a constructive dialogue with SEC examiners and provide transparency into the priorities of the agency's most public-facing division."

Federal Reserve Governor Christopher Waller has expressed support for another interest rate cut at the Federal Open Market Committee meeting in December, citing concerns about labor market weakening and slowing hiring. Waller, who has spoken in favor of cuts in recent months, says he is not worried about rising inflation and that a rate cut would be "risk management" to prevent further labor market deterioration.

White House economic adviser Kevin Hassett noted that the job market is currently sending mixed signals. While he highlighted strong performance in output markets, Hassett pointed out that indicators from the labor market are less clear, suggesting uncertainty about future employment trends. "I think that there could be a little bit of almost quiet time in the labor market because firms are finding the AI is making their workers so productive that they don't necessarily have to hire the new kids out of college," Hassett said.