• Jan 06, 2025

This Was a Top Stock of 2024. What Do Analysts Think of It Now?

Vistra stock was one of the biggest winners of 2024, and has already started 2025 on a positive note, rising nearly 19% in the first three trading sessions of the year. Analysts have said they expect more data center deals to propel the stock even higher.

  • Jan 06, 2025

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

  • Jan 06, 2025

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

  • Jan 06, 2025

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.

  • Jan 06, 2025

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.