Stocks making the biggest moves midday: Snap-on, Triumph Financial, Micron & more

Stocks making the biggest moves midday: Snap-on, Triumph Financial, Micron & more




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U.S. regulators toss out rules requiring banks to prepare for climate change
Finance

U.S. regulators toss out rules requiring banks to prepare for climate change

Key Points Regulators are doing away with controversial regulations that required banks to plan for losses in the event of climate-related events, according to an announcement Thursday. Trump administration officials have criticized the Fed for falling prey to mission creep, or exceeding the scope of its mandates for monetary policy and bank supervision. Source

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Fed Governor Miran wants a half-point cut this month, while Waller backs another quarter-point move
Finance

Fed Governor Miran wants a half-point cut this month, while Waller backs another quarter-point move

Key Points Fed Governor Stephen Miran said Thursday he plans to repeat his push for a half-percentage-point interest rate cut when the central bank meets later this month. Governor Christopher Waller advocated a quarter-percentage-point reduction at the meeting later this month, a position that appears more in line with the Fed consensus. Earlier this week, […]

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Retail traders’ incredible support of the stock market continues with biggest options volume day ever
Finance

Retail traders’ incredible support of the stock market continues with biggest options volume day ever

Friday’s selloff in the stock market resulted in the biggest options volume day ever and the latest sign of the retail trading crowd’s incredible support of the stock market. Scott Rubner, head of equity and equity derivatives strategy at Citadel Securities, said Friday, Oct. 10 resulted in over 108 million contracts traded, only the second […]

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