Articles

Banking: FDIC approves proposed capital requirements for U.S. banks

The Federal Deposit Insurance Corp. voted 3 to 2 on Thursday to recommend increased capital requirements and other changes for banks as U.S. regulators react to the regional-bank crisis from earlier this year and implement the international Basel III banking rules created in the wake of the Global Financial Crisis in 2008.

The Ratings Game: Chip-equipment suppliers rally after Lam says AI servers will drive growth

Semiconductor-related stocks surged Thursday, and leading the pack were stocks of the companies that make the equipment used to make chips.

Earnings Results: Tractor Supply’s real-estate plans overshadow weaker-than-expected earnings

Earnings at farm-products retailer fell short of estimates — just as a BofA analyst warned earlier this week.

Earnings Results: Crocs’ stock tumbles 15% after earnings show weakness at high-flying HeyDude brand

Crocs Inc.'s stock tumbled 15% Thursday as investors overlooked strong earnings to focus on HeyDude.

Earnings Results: Royal Caribbean’s stock soars to pre-COVID levels after earnings beat and big bump up in outlook

Royal Caribbean's stock soared to a more than 3-year high after the cruise operator beat second-quarter earnings views and boosted its full-year outlook.

: Tupperware’s market cap almost triples as stock continues to skyrocket

Tupperware’s stock continued its rally Thursday after the company’s shares jumped 75% Monday on no apparent news.

: AbbVie shares jump as results beat expectations despite blockbuster Humira’s declining sales

Newer immunology drugs Skyrizi and Rinvoq boost sales in second quarter.

Economic Report: U.S. trade deficit in goods narrows slightly in June

The U.S. international trade deficit in goods narrowed 4.4% to $87.8 billion in June, according to the Commerce Department’s advanced estimate released Thursday.

Banking: Megabank head count holds nearly steady in second quarter as lenders compete for business

JPMorgan Chase's second-quarter hiring helped keep combined employment at the six major U.S. banks about flat, as four of the banks reduced their numbers.

: ‘I still couldn’t find a place to lay my head’: How to find a job and housing with a criminal record — and why it’s so hard

An estimated 78 million people in the U.S. have a criminal record, restricting their employment and housing opportunities long after an arrest or conviction.

The Ratings Game: Beyond ‘Barbie’: Mattel delivers jolt of reality ahead of rival toy makers’ results

After Barbie maker Mattel’s second-quarter results, analysts are looking ahead to Hasbro and Funko’s respective results.

: House Financial Services Chair McHenry blames Biden administration for sinking stablecoin bill

The leader of the powerful House Financial Services Committee blamed the Biden White House for nixing a bipartisan deal on stablecoin regulations Thursday.
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