Fed sees 23 banks able to maintain minimum capital requirements despite projected total losses of $541 billion and a 40% drop in commercial real estate prices.
: Overstock could become ‘Bed Bath & Beyond’ after snapping up bankrupt chain’s website, loyalty program
Overstock on Wednesday said it has it had acquired Bed Bath & Beyond’s brand and intellectual property.
: After ‘transformative’ year, Roivant aims to challenge bigger rivals in inflammation and immunology
Roivant shares gain more than 10% after narrower-than-expected quarterly loss.
: U.S. ‘very stridently’ asking Russia for better access to detained reporter Evan Gershkovich, White House says
The White House ‘s John Kirby says U.S. officials are continuing to push Russia for more access to detained Wall Street Journal reporter Evan Gershkovich.
: Joby Aviation’s stock takes off after maker of electric air taxis gets one step closer to commercial flights
Joby Aviation shares rallied more than 40% after the company secured approval from U.S. regulators for test flights of its eVTOL aircraft.
: Carnival’s stock sails toward a record monthly gain
Carnival’s stock has been climbing on cruise control in June, toward its best monthly performance since going public 36 years ago, fueled by record demand.
In One Chart: Apple’s march toward a $3 trillion valuation, shown in one chart
Apple Inc. Chief Executive Tm Cook is getting ever closer to leading a $3 trillion empire.
Market Extra: Corporate bankruptcies are speeding up to recession levels as the Fed’s rate hikes take a toll
Large corporate bankruptcies are picking up this year, with the pace of weekly filings nearing levels last seen during the COVID crisis, according to Apollo Global Management’s chief economist.
Washington Watch: Congressional Budget Office paints grim long-term U.S. deficit picture
The U.S. budget deficit is on track to return to levels only seen in the pandemic and World War II, if spending and taxes remain at current levels, the CBO said.
Market Extra: Stock-market bulls look for small-caps to shake off bank worries, take 2023 rally baton
The second half of 2023 could be a time to shine for small-cap stocks, after being braked by regional banking worries as large-cap tech shares soared, some investors say.
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