Federal Reserve Gov. Lisa Cook gave one of the bluntest warnings an official at the central bank has ever delivered about the stock market.
Oil Bull Crowd Grows to Start 2025 on Trump Trade, Technicals
(Bloomberg) -- Money managers are turning increasingly bullish on oil to start 2025 as technical signals prompt algorithmic traders to dump short positions and hedge funds position for sanctions and inflation in a second Trump term. 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 DelaysFund
Nvidia stock closes at new record ahead of CEO Jensen Huang's CES keynote
Huang is scheduled to deliver his keynote at 6:20 p.m. PST on Monday at the annual Consumer Electronics Show (CES) in Las Vegas.
Oil Falls as Technicals Signal Five-Session Rally Is Overdone
(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.