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Truist, Wells Fargo, BofA allowed share buybacks following second round of Federal Reserve stress tests
The Fed is limiting dividends and share buybacks in the first quarter based on a bank's income over the past year. Here's what that means for shareholders......»»
These modern solutions help U.S. employers who are paying a heavy price for the mental health crisis
The problem From stress and burnout, to the opioid epidemic, to alarming suicide rates, we are facing a mental health crisis in our country. Untreated mental illness costs the country at least $444 billion per year. A 2018 HHS report determined th.....»»
Jim Cramer: Macy"s, Kohl"s "have never felt more irrelevant"
"The problem for Macy's and Kohl's and Nordstrom is that all of these trends are accelerating, meaning their position gets worse and worse with every passing year," "Mad Money's" Jim Cramer says......»»
Bank stocks rally after passing latest stress tests
U.S. bank stocks rallied across the board Friday, after the Federal Reser.....»»
Key Words: Citigroup CEO makes 486 times more than the bank’s rank-and-file, and he says his story should be aspirational
Michael Corbat earned $24.1 million last year as the boss at Citigroup, while the median pay for the rest of the workforce is less than $50,000. Does he feel there’s a problem that needs addressing?.....»»
Bank stress tests, explained
Banks are just like me and you: they can feel stress. But only one of us can topple the world's economy. CNN's Jon Sarlin explains how stress tests measure a bank's ability to react to an economic downturn, and why more banks are now passing them......»»
The Wall Street Journal: Close call for Goldman, Morgan Stanley on total leverage measure in Fed stress test
Goldman Sachs and Morgan Stanley barely passed the Federal Reserve’s annual stress tests, raising doubts about their ability to grow dividends and buybacks over the next year......»»
Deutsche Bank investors unshaken by U.S. stress test failure
FRANKFURT (Reuters) - Deutsche Bank investors took a largely long view on its failure in this year's U.S. stress tests, with its shares recovering on Friday from a record low hit earlier this week......»»
Key Investor Takeaways From the 2018 Bank Stress Tests
There weren’t many big surprises this year, but here’s what you need to know......»»
Silicon Valley’s keystone problem: ‘A monoculture of thought’
A year after Jessica Powell left Google as its communications head, she's out with a novel, a zany satire set inside a tech giant that bears more than a passing resemblance to a certain internet search company......»»
The Eurozone Banks" Trillion-Dollar Timebomb
Authored by Daniel Lacalle via dlacalle.com, Eurozone banks have fallen dramatically in the stock market despite the results of the stress tests carried out by the ECB. EU Banks Index is down 25% on the year despite year-long bullish recommendatio.....»»
"Ozempic Ftw:" Elon Musk Touts Novo Nordisk"s Blockbuster Drug As Solution To Childhood Obesity Problem
This is not the first time the tech mogul has seemingly backed the blockbuster drug. Last year, Musk claimed that Ozempic was affecting food sales at Walmart. read more.....»»
Here"s the "true solution" to the problem of audio deepfakes, according to the CEO of ElevenLabs
The key is to digitally watermark synthetic voices, CEO Mati Staniszewski told The Atlantic. ElevenLabs cofounders Mati Staniszewski (left) and Piotr Dabkowski (right) built a unicorn just a year after launching in bet.....»»
Don"t worry, your Shake Shack burger shouldn"t get any more expensive this year
Shake Shack's menu prices went up by 3% in March. It doesn't currently plan to increase prices again this year, its CFO said. Overall, Shake Shack's menu prices went up in the mid-single digits in the quarter.....»»
Company developing early cancer-detection tests to cut 20% of workforce
The 10-year-old company — part of a group of Bay Area companies that have raised billions of dollars over the past decade — recently netted $254 million to develop tests that can sniff out various cancers from a simple blood draw or "liquid biopsy.".....»»
The stock market can rise another 13% this year even with a dwindling rate-cut outlook, Fundstrat"s Tom Lee says
The S&P 500 could end the year at 5,700 even if the outlook for Fed rate cuts doesn't brighten, Fundstrat's Tom Lee says. Specialist Geoffrey Friedman reacts to the Dow Jones industrials average passing 17,000 on the floor of the New York Stock E.....»»
As state shifts from mass vaccination sites to mobile units, this business owner is ready
When Quiana Daniels’ at-home fertility business was shut down due to Covid-19 restrictions last year, she pivoted to bringing highly needed coronavirus tests to people who couldn’t leave their homes. After the vaccines rolled out in the sta.....»»
Biden and Putin shouldn"t waste time arguing about things they can"t fix
If Biden and Putin do meet later this year, they shouldn't spend time rehashing their irreconcilable differ.....»»
The St. Louis lawyer who pointed his gun at BLM protesters last year confirms he"s running for Senate
Mark McCloskey and his wife, Patricia, were photographed last summer pointing guns at protesters passing by their home. .....»»
Buffett"s Refusal To Split Berkshire Stock Is Creating A "Y2K-Like" Problem For Nasdaq
Buffett's Refusal To Split Berkshire Stock Is Creating A 'Y2K-Like' Problem For Nasdaq After years of lackluster performance, Warren Buffett's Berkshire Hathaway has seen its Class A shares climb 20% so far this year,.....»»