The largest U.S. banks said they would increase payouts to shareholders after the Federal Reserve said the banks are able to keep lending in a severe hypothetical recession. Four of the six biggest ba...
Tag: SYND
Vanguard Sues UHNW Advisor Over Alleged Client Solicitation
The Vanguard Group is suing one of its former ultrahigh-net-worth financial advisors for allegedly violating a one-year nonsolicitation agreement he signed while an employee. The financial services gi...
Digital World Acquisition Discloses Federal Subpoenas as Director Resigns
Digital World Acquisition the special-purpose acquisition company that plans to merge with former President Donald Trump’s social-media company, said a federal grand jury in the Southern District of N...
Russian Gas Cuts Threaten World’s Largest Chemicals Hub
LUDWIGSHAFEN, Germany—For years, BASF SE one of the world’s largest chemicals companies, built its business model around cheap and plentiful Russian natural gas, which it uses to generate power and as...
Cruise Lines Can’t Duck Their Debt
Cruise ships, it seems, are like ducks—elegant and effortless above the water, fighting like crazy to stay afloat beneath. On the surface, the industry is finally steaming ahead after over a year at b...
Sanctions Push Russia Near First Foreign Default Since Revolution
Russia was poised to default on its foreign debt for the first time since 1918, pushed into delinquency not for lack of money but because of punishing Western sanctions over its invasion of Ukraine. R...
Energy Stocks Oneok and Chesapeake Energy Are Down. Execs Bought Up Shares.
Text size Energy firms Oneok and Chesapeake Energy saw large insider share purchases. Dreamstime.com Two energy firms caught up in a recent price slump saw large insider share purchases. President Joe...
Apollo’s Stock Is Expected to Rise. Here’s Why.
Apollo Global Management is the most misunderstood of the publicly traded alternative asset managers. But the stock could represent significant upside for those who wish to take a look, according to R...
Gas-Tax Holiday Is a Gimmick. Here Are Some Better Ideas.
President Biden’s proposed gas-tax holiday is both a gimmick and dead on arrival. Yet, it is attracting inordinate attention across Washington and on Wall Street. There are viable ways to improve ener...
Merck Pushes Forward With Potential Deal for Seagen
Merck & Co. is pushing forward with a potential deal for biotech Seagen Inc., according to people familiar with the matter, in what would be one of the largest takeovers of the year. The Wall Stre...
Spirit Airlines Sticks With Frontier Deal After Sweetened Offer
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple ...
Best and Worst Spots in the U.S. Housing Market, According to Lennar
Elias Stein Text size Jersey and Florida are hot. Austin and Seattle are not. On Tuesday, home builder Lennar ’s co-CEO Richard Beckwitt on an earnings call provided a tour of U.S. housing markets. “S...
Dow Jumps More Than 800 Points as Fears of Interest-Rate Hikes Subside
Stocks rallied on Friday after fresh economic data tempered investors’ expectations of steep Federal Reserve interest-rate hikes, as major market indexes notched their first weekly gains after three c...
Carnival Stock Surges as Second-Quarter Revenue Rises Sharply
Text size A large Carnival cruise ship docked at port in turquoise blue water. Dreamstine Shares of Carnival were rising Friday after the cruise line posted second-quarter revenue that rose sharply fr...
Altria Shakes Off a Sell Rating and Gets an Upgrade
Text size Rising macroeconomic uncertainty contributed to a downgrade of Altria’s stock in early June. Fabrice Coffrini/AFP via Getty Images Altria Group stock was rising Friday after the tobacc...