Wall Street is riding this era of American state capitalism — tracking it, packaging it and offering it back to investors through a new ETF.

The S&P 500 rose 0.3% and pulled closer to its all-time high set on Tuesday. It closed out its third straight winning week and sixth straight winning month, its longest monthly winning streak since 2021.

The Fed's latest rate cut highlights internal division and ongoing tension between inflation concerns and signs of economic slowdown, especially in the labor market. Meta (META) reported strong earnings but faced investor skepticism over rising R&D and CapEx, contrasting with more disciplined spending at Alphabet (GOOGL) and Microsoft (MSFT).

Wall Street and the finance industry have broad misgivings about the prospect of frontrunner Zohran Mamdani becoming New York City's mayor, but many are hopeful he moderates his positions as they prepare to try and work alongside him.

With almost two decades as CEO, he’s turned JPMorgan into a colossus of capitalism. But as he approaches 70, the question now is: Who will succeed him?

Devon Energy has significantly underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s prospects.

The Week in Breakingviews newsletter offers insights and ideas from Reuters' global financial commentary team. Sign up here.