DEUTSCHE BANK AG-REGISTERED (DB)

By this time last year, the stock market’s rally had blown past even the most optimistic targets and Wall Street forecasters were convinced it couldn’t keep up the dizzying pace.

(Bloomberg) -- By this time last year, the stock market’s rally had blown past even the most optimistic targets and Wall Street forecasters were convinced it couldn’t keep up the dizzying pace.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024So as strategists at Bank of America Corp., Deutsche Bank AG, Goldman Sachs Group Inc. and other big firms sent out their calls for 2024, a consensus took shape: After surging more than 20% as artificial intelligence breakt

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DB's subsidiary faces a penalty of $4 million by the SEC for failing to report SARs on time.

After a solid run since the presidential election in November, Wall Street's rally hit a bump this month, especially after the Federal Reserve forecast just two 25-basis-point cuts for 2025 - down from its September view of four cuts - and raised its annual inflation outlook, a sign that the world's largest economy was in strong health. "Last week's (Fed) meeting reinforced our baseline view that a skip at the January meeting could turn into an extended pause in 2025," economists at Deutsche Bank said in a note. Qualcomm's shares rose 3% in premarket trading after a jury found its central processors are properly licensed under an agreement with UK-based Arm Holdings.