(Bloomberg) -- Oil snapped a five-session rally as key technical markers show gains driven by tightness in global physical crude markets may have gone too far.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeCan American Drivers Learn to Love Roundabouts?Don’t Shrink the BusIs This Weird Dome the Future of Watching Sports?NYC Congestion Pricing Takes Effect After Years of DelaysWest Texas Intermediate fell 0.5% to settle below $74 a barrel, reversing earl
With Barr's exit from regulatory role, Trump gets early chance to reshape Fed
Federal Reserve Vice Chair of Supervision Michael Barr's decision on Monday to resign early from his regulatory oversight role sets up an early test of how Donald Trump will try to shape the U.S. central bank during his second term as president. Barr said on Monday he plans to vacate his leadership role on the Fed's Board of Governors on Feb. 28, but stay on as a governor, with a term that runs through January 2032. The move leaves Trump no immediate opening to shape interest rate setting by nominating someone new to the Fed's board.
American Airlines Stock Jumps as Analysts Upgrade to 'Buy'
Shares of American Airlines surged Monday after brokerages Jefferies and TD Cowen upgraded and raised their price targets on the air carrier's stock.
Trump sees Bitcoin as America's next big opportunity, says Bitcoin conference organizer
Trump is seizing a transformative chance for America, according to the Bitcoin Conference organizer who invited the President to Nashville last year.
Top Federal Reserve bank regulator, under fire from GOP, to step down next month
The Federal Reserve's top financial regulator said Monday that he would resign next month, avoiding a potential confrontation with the incoming Trump administration and Republicans in the Senate. Fed governor Michael Barr said in a letter to President Joe Biden that he would step down as vice chair for supervision Feb. 28, or earlier if a successor was confirmed. Barr oversaw the proposal of tough new rules for the largest U.S. banks, which would have required them to significantly increase their financial reserves.
T-Mobile US Stock Falls Following Analysts' Downgrades
T-Mobile US shares dropped Monday as Wells Fargo and RBC analysts downgraded the stock and cut their price targets.
Fallen 'Crypto King' Do Kwon facing 130 years in prison after $40 billion collapse
Terra Founder Do Kwon was once a crypto darling out of Stanford. Now, he's facing a tough legal battle and a 130-year-long max jail sentence.