By Jeff Cox (CNBC.com) – Big banks will be allowed to resume normal levels of dividend payouts and share repurchases as of June 30, as long as they pass this year’s stress test.
By Michael Erman, Julie Steenhuysen (reuters.com) – Pfizer Inc’s PFE.N experimental COVID-19 vaccine is more than 90% effective based on initial trial results, the drugmaker said on Monday, a major victory in the war against a virus that has killed over a million people and battered the world’s economy.
By Diana Olick (cnbc.com) – Exceptionally strong demand, historically low supply and record low mortgage rates are combining to fuel the fastest home price growth since 2018.
By Fred Imbert (cnbc.com) – The number of people filing for unemployment benefits last week was greater than expected, raising concern about the state of the economy as lawmakers struggle to move forward on a new pandemic stimulus package.
By Ben Bain, Bloomberg (bloomberg.com / detroitnews.com) – Private-equity firms notched a major win in Washington with the Trump administration paving the way for the industry to tap a massive pot of money that has long been off limits: the trillions of dollars held in Americans’ retirement accounts.
By Jeff Cox (www.cnbc.com) – Warren Buffett praised the Federal Reserve for its actions to blunt the effects of the coronavirus but said he worries about the repercussions.
By Wayne Duggan (finance.yahoo.com) – The recent coronavirus-related volatility in the stock market was enough to rattle even the most confident market bull. However, beloved investing guru and Berkshire Hathaway (ticker: BRK.A, BRK.B) CEO Warren Buffett is always around to deliver his textbook calm, pragmatic advice and reassurance about the long-term outlook for the stock […]
By Andre Tartar and Reade Pickert (www.bloomberg.com) – While America’s economy has grown for over a decade, that growth is increasingly concentrated in 1% of the nation’s counties.
By Javier Blas, Dinesh Nair, and Matthew Martin (www.bloomberg.com) – The chairman of the world’s biggest oil company was about to lose his temper.
By Rick Clough (bloomberg.com) – General Electric Co.’s pension deficit is the worst in corporate America, hampering Chief Executive Officer Larry Culp’s efforts to rescue the manufacturing icon. Now, with falling interest rates making his job even harder, he’s doing something about it.