The Federal Reserve reports that major US banks can withstand a severe economic downturn. These banks maintain strong capital levels even after significant losses. The central bank’s stress test indicates resilience against recession and market instability. This positive outcome may lead to increased shareholder payouts through dividends or buybacks. Banks are expected to announce capital plans soon.
Tariff extension signals tough road ahead in US-China talks: Peter Cardillo
Donald Trump has extended the deadline for new China tariffs by 90 days. This move creates uncertainty in the market. Experts believe inflation data will