Articles

Bank stress tests are like Monopoly, says one former banker. ‘Do not mistake either for reality.’

One former banker says bank stress tests are essentially worthless exercises after the Federal Reserve gave passing grades to all 31 institutions it tested.

H&M shares tumble as bad weather hits June sales

The Swedish retailer said it expects to see a 6% drop in its sales this June due to “unstable” weather in its main markets

Treasury yields at two-week highs as crucial PCE inflation data looms

Bond yields were a touch firmer as traders eyed Friday’s PCE inflation report.

GSK stock falls more at London open following RSV vaccination news

GSK’s London-listed shares fell even more swiftly their ADRs to news that advisers to the Centers for Disease Control and Prevention shifted their recommendations for who should be vaccinated against respiratory syncytial virus.

Micron investors will have to wait for 2025 for a bigger AI payoff

Amid a forecast that was just on target, some may be concerned by set contracts for HBM chips

Bank woes in commercial real estate could ease with rate cuts, says Moody’s

A resilient economy and increased lending by others could help heal the market

Will Biden and Trump need caffeine to debate? A look at today’s $24 billion energy-drink market.

There are now dozens, maybe hundreds, of brands competing in the energy-drink space, with new ones being launched constantly.

BlackBerry posts smaller loss than expected as it marches toward profitability

BlackBerry’s stock was rising after results for the latest quarter topped expectations.

Employees today care more about enjoying work than their job title or even flexible hours

An ADP survey of about 35,000 people around the world also found that salary is still king

Levi’s sales miss expectations, and jeans maker forecasts higher costs for marketing and logistics

Levi Strauss & Co. stuck with its full-year sales outlook, helped by demand for new denim and women’s clothing, but the jeans maker’s quarterly sales just missed expectations, and it said it expected higher costs from marketing and a change in how it plans to store and ship clothing.

Delta’s swanky JFK lounge is part of a bigger strategy for the air carrier

Delta opened the lounge this week, saying it has spared no detail to cater to the “premium traveler.”

S&P 500 gain in first half of 2024 blows historical average ‘out of the water’

The S&P 500 is on course to post big gains for the first half of 2024, with its runup in the first six months of this year so far crushing the historical average, according to Bespoke Investment Group
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