Take a look at some of the most important engines on the previous market: Nike (NKE) – Nike lost 51 cents a share in its last quarter, well below the consensus forecast for a profit of 7 cents a share. The footwear and sportswear maker’s revenue was also well below …
Read More »Flat futures, losing week, declining bank stocks, Nike crash
Traders wear masks while working on the floor of the New York Stock Exchange as the outbreak of coronavirus disease (COVID-19) continues New York, May 27, 2020. Lucas Jackson | Reuters This is a live blog. Check back for updates. 8:06 am: Bank shares fall when the Fed imposes restrictions …
Read More »The Fed imposes restrictions on bank dividends after the test found that some banks could be stressed by a pandemic
A pedestrian passes in front of the New York Stock Exchange (NYSE) in New York, USA, on Wednesday June 3, 2020. Michael Nagle | Bloomberg | fake pictures The Federal Reserve on Thursday imposed new restrictions on the US banking industry after its annual stress test found that several banks …
Read More »What to Expect From Bank Stress Tests
Jerome Powell, President of the US Federal Reserve. USA, speaks during a Senate Banking Committee hearing in Washington, DC, USA. USA, Wednesday February 12, 2020. Andrew Harrer | Bloomberg | fake pictures (This story is for CNBC Pro subscribers only). The US financial system. USA It has already been hit …
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