Text size Courtesy of Mercedes-Benz. If you’ve ever spent hours pushing buttons on a video game controller, I’d like to thank you for your service. I’m starting to think you helped invent driverless cars. You may have also participated in cancer treatments. See Tuesday, Nvidia (ticker: NVDA), a powerhouse of …
Read More »Are your bank’s stock dividends safe? Stress test results put pressure on future payments
(Update story with comments from James Shanahan, financial services analyst at Edward Jones.) The Federal Reserve on Thursday announced the results of its annual stress tests for 33 large US banks and US subsidiaries of foreign banks. Since the Fed’s “severely adverse scenario” for stress testing was designed in February, …
Read More »A broken uptrend in key government bond yield could bode badly for stocks
Too much for V-shaped recovery. The yield on the 10-year Treasury bond TMUBMUSD10Y, 0.647% it just broke below an ascending trend line, suggesting that the uptrend of the COVID-19 low in early March has ended. That upward trend in rates was significant for both Main Street and Wall Street. It …
Read More »Are your bank’s stock dividends safe? Stress test results put pressure on future payments
(Update story with comments from James Shanahan, financial services analyst at Edward Jones.) The Federal Reserve on Thursday announced the results of its annual stress tests for 33 large US banks and US subsidiaries of foreign banks. Since the Fed’s “severely adverse scenario” for stress testing was designed in February, …
Read More »CoreLogic soars in unsolicited takeover bid
CoreLogic (CLGX) – Get report rose on Friday after Cannae Holdings (CNNE) – Get report and Senator Investment Group submitted an unsolicited offer to the mortgage and property information services company valued at about $ 5.16 billion. Shares in the Irvine, California company were up 28% to $ 67.72. Canne …
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