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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......»»

Category: topSource: bizjournalsDec 30th, 2020

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.....»»

Category: topSource: bizjournalsFeb 11th, 2020

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......»»

Category: topSource: madmoneyDec 9th, 2019

Bank stocks rally after passing latest stress tests

U.S. bank stocks rallied across the board Friday, after the Federal Reser.....»»

Category: topSource: marketwatchJun 28th, 2019

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?.....»»

Category: topSource: marketwatchMay 2nd, 2019

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......»»

Category: videoSource: cnnJun 20th, 2018

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......»»

Category: topSource: marketwatchJun 22nd, 2018

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......»»

Category: topSource: reutersJun 29th, 2018

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......»»

Category: topSource: foxnewsJul 5th, 2018

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......»»

Category: topSource: bizjournalsOct 3rd, 2018

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.....»»

Category: blogSource: zerohedgeNov 19th, 2018

"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.....»»

Category: blogSource: benzinga7 hr. 34 min. ago

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.....»»

Category: personnelSource: nyt14 hr. 18 min. ago

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.....»»

Category: smallbizSource: nytMay 3rd, 2024

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.".....»»

Category: topSource: bizjournalsApr 24th, 2024

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.....»»

Category: smallbizSource: nytApr 19th, 2024

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.....»»

Category: topSource: bizjournalsMay 25th, 2021

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.....»»

Category: dealsSource: nytMay 19th, 2021

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. .....»»

Category: topSource: businessinsiderMay 19th, 2021

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,.....»»

Category: worldSource: nytMay 7th, 2021