Michael Barr to step down as the Fed's head of banking supervision to avoid clash with Trump

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  CFTC chair to step down when Trump takes office

  The chair of the Commodity Futures Trading Commission (CFTC) is slated to resign on Jan. 20, coinciding with President-elect Trump’s inauguration, leaving a vacancy for the federal regulatory ...
  
  The Hill - 1h
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  Michael Barr to Leave His Role as Fed Vice Chair for Supervision

  Michael Barr oversaw an attempt to rewrite financial regulations that came under attack from a wide range of groups, including banks, lawmakers and even some of his colleagues.
  
  The New York Times - 22h
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  Tuesday Briefing: Canada’s Prime Minister Is Stepping Down

  Plus, a recap of the Golden Globes.
  
  The New York Times - 1d

• Wall Street notches another win as Fed's Barr clears the way for gentler banking regulator

  With Barr's resignation, a more precise image of incoming bank deregulation is forming.
  
  CNBC - 9h

• Why bank stocks care that Michael Barr is stepping down as top Fed banking cop

  As vice chair of supervision, Barr was leading the effort to raise capital requirements for banks.
  
  MarketWatch - 1d
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  Michael Barr to step down as Fed’s top Wall Street regulator

  US central bank’s vice-chair for supervision will leave his role in February but stay on as a governor
  
  Financial Times - 1d
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  Watch: The moment Trudeau announces he will step down

  Trudeau says he intends to resign as party leader and as prime minister after the party selects its next leader.
  
  BBC News - 1d

• Fed’s top bank cop to step down, averting potential clash with Trump

  Politico - 1d

• Michael Moss breaks down new FDA rules for "healthy" food labels

  Pulitzer Prize-winning journalist Michael Moss explains the FDA's new rules for "healthy" food labels, limits on added sugars, and the push for alcohol warning labels.
  
  CBS News - 1d

More from CNBC

• Honda reveals two new '0 Series' EVs to be produced in Ohio

  The vehicles are the Honda 0 Saloon, which is an updated version of a concept car revealed last year at CES, and the Honda 0 SUV.
  
  CNBC - 5h

• Trump announces $20 billion foreign investment to build new U.S. data centers

  Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging the money.
  
  CNBC - 7h

• Meta scraps fact-checking, brings back political content in latest Trump-friendly move

  Meta announces intent to "restore free expression" on its platforms
  
  CNBC - 3h

• Meta employees criticize Zuckerberg decisions to end fact-checking, add Dana White to board

  Meta employees internally criticized the company's decision to end third-party fact-checking two weeks before President-elect Donald Trump's inauguration.
  
  CNBC - 3h

• Anthropic in talks to raise funding at $60 billion valuation

  AI startup Anthropic is in late-stage talks to raise as much as $2 billion at a $60 billion valuation, according to a person familiar with the deal.
  
  CNBC - 5h

More in Business

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  Samsung Electronics’ profit outlook falls far short of expectations

  Financial Times - 1h

• America’s frozen housing market is finally starting to thaw

  After nearly three years of grappling with an expensive housing market, home buyers are showing signs of getting used to it.
  
  MarketWatch - 1h

• Jim Cramer looks ahead to Friday's employment data: 'We’re at the mercy of macro numbers'

  CNBC's Jim Cramer reviewed Tuesday's market-wide decline.
  
  CNBC - 1h

• Trump’s push for SALT tax reform threatened by hardline GOP budget hawks

  The path of least resistance could be $5 trillion in new government debt.
  
  MarketWatch - 1h

• Why investors clinging to cash could lose money in U.S. debt-ceiling fight

  Investors clutching cash might soon bear the brunt of a U.S. debt-ceiling fight, which could boil over in the next few weeks without a resolution.
  
  MarketWatch - 1h