The Federal Reserve announced Monday that Michael Barr, the Fed's top banking regulator, will step down from his role as Vice Chair for Supervision on February 28. However, Barr will remain a Fed governor, continuing his term until 2026. Following the announcement, bank stocks broadly gained, with$Citigroup (C.US)$and$Morgan Stanley (MS.US)$rising more than 2%, and regional banks$Synovus Financial (SNV.US)$and$East West Bancorp (EWBC.US)$climbing ...
After a year marked by new records in the stock market, investors are keen to see if the momentum will carry over into January 2025. For many years, the "January Effect"—a phenomenon where U.S. stocks generally perform better in January than in other months—has captivated market participants. Several factors are traditionally cited for this trend: Tax-Loss Harvesting: Investors often sell off underperf...
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