Signals of Trump 2.0 going for deregulation? The Vice Chairman of the Federal Reserve in charge of financial regulation will resign early after Trump takes office.

According to the Federal Reserve's statement, Barr's resignation will take effect no later than February 28, and he will continue to serve as a Federal Reserve Governor until the term ends. The statement implies that he is stepping down as Vice Chairman of Supervision more than a year early to avoid potential legal disputes with the Trump administration. The media reports that Barr's decision does not indicate that Powell will also step down from the position of Federal Reserve Chairman early, but it casts a shadow over the prospects of the USA implementing new banking regulations that increase capital requirements.

wallstreetcnJan 7 07:16

U.S. stock market in the early session | The three major Indexes opened high and fell, while the Biotechnology Sector rose against the trend, with MRNA up over 10%; Fubo continued to increase by more than 10%, partnering with Disney for streaming services

On the evening of the 7th Beijing time, US stocks opened slightly higher on Tuesday. The Semiconductors Sector saw a general rise after NVIDIA announced the launch of the RTX5090 and the world's smallest personal AI supercomputer. The US stock market will be closed on Thursday in memory of former President Jimmy Carter.

Jan 7 23:13

The market reduces interest rate cut bets! The USA's December ISM services PMI exceeded expectations, and the price index reached the highest level since the beginning of 2023.

After the release of two major data points that exceeded expectations: Traders are no longer betting entirely on the Federal Reserve lowering interest rates before July.

wallstreetcnJan 7 23:50

The fund managers who accurately predicted the 20% surge in U.S. stocks last year are now proclaiming: cash is king!

In 2022, when the S&P 500 Index dropped by 19%, he also shouted such a slogan...

Golden10 DataJan 7 23:17

Express News | U.S. stocks have dipped in the short term, with all three major indices turning negative. The Nasdaq is currently down 0.6%, and the S&P 500 Index has fallen by 0.3%.

BreakingsJan 7 23:05

US ISM Services PMI Rises to 54.1 in December Vs. 53.3 Expected

FXStreetJan 7 23:05