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

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.



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Stocks making the biggest moves midday: Bank stocks, Netflix, Duolingo, AES, Sunrun and more
Finance

Stocks making the biggest moves midday: Bank stocks, Netflix, Duolingo, AES, Sunrun and more

Check out some of the companies making the biggest moves midday: Netflix , Paramount Skydance , Warner Bros. Discovery — Netflix shares climbed 10% after the streaming service declined to raise its bid for Warner, and match a new bid from Paramount. Warner dipped 2%, while Paramount soared 18%. Bank stocks — Several bank stocks […]

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UBS downgrades the U.S. stock market. Here’s what has the investment bank worried
Finance

UBS downgrades the U.S. stock market. Here’s what has the investment bank worried

Key Points UBS downgraded U.S. equities, saying factors that powered years of outperformance are starting to fade. The dollar risk is a central concern as the firm sees “asymmetric structural downside risks” to the greenback. Another pillar of U.S. stock strength — corporate buybacks — is also losing its edge, the bank said. Source

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Finance

Stocks making the biggest moves premarket: Block, Dell Technologies, CoreWeave, Netflix and more

Check out the companies making headlines before the bell. Netflix , Paramount Skydance , Warner Bros. Discovery — Netflix shares popped more than 7% after the streaming giant declined to raise its bid for Warner’s assets and match a new bid from Paramount. Warner’s stock dipped about 1%, while Paramount jumped more than 7%. Block […]

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