The big banks announced their plans to boost capital return to shareholders after passing the annual stress test administered by the Federal Reserve this week.
Category: Finance News
Financial crimes watchdog removes Turkey from money laundering ‘gray list’
The FATF had previously found Turkish sectors like banking and property vulnerable to illicit financing of groups like the Islamic State and al-Qaeda.
Stocks making the biggest moves midday: Trump Media, Kura Sushi, Nike and more
These are the stocks posting the largest moves in midday trading.
Warren Buffett gives away another $5.3 billion, says his children will manage his estate
Warren Buffett on Friday made his biggest annual donation to date, giving $5.3 billion worth of Berkshire Hathaway shares to five charities.
Western clothing craze sends sales of denim dresses and skirts soaring, Levi Strauss says
The 171-year-old jeans maker said sales of denim skirts, pantsuits and dresses are double last year’s rate.
Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected
The core personal consumption expenditures price index was expected to increase 0.1% in May and 2.6% from a year ago.
Stocks making the biggest moves premarket: Nike, Trump Media & Technology, Infinera
These are the stocks posting the largest moves in premarket trading.
Apple’s Vision Pro starts deliveries at a higher price in China than in the U.S.
Apple’s mixed-reality headset began deliveries in China on Friday with a retail price 18% higher than in the U.S.
Chinese smartphone maker Honor says AI’s power is ‘worthless’ without data privacy
The transforming power of artificial intelligence is of no value unless user data is protected, says the CEO of Chinese smartphone company Honor, George Zhao.
IMF says Fed should hold interest rates where they are until ‘at least’ end of year
IMF managing director Kristalina Georgieva said Thursday that the Federal Reserve should hold off on rate cuts until ‘at least’ the second half of the year.