- Bloomberg
US Debate Fallout Spurs Prison, Oil Stocks; Renewables Lag
(Bloomberg) -- Equities traders across multiple sectors are rearranging their positions in the aftermath of the much-anticipated presidential debate between President Joe Biden and former President Donald Trump. Most Read from BloombergBiden's Defiance Has Democrats Fearing They'll Lose White HouseGavin Newsom Is Ready for the Biden EmergencyBiden Asks Donors to Stick With Him After Disastrous DebateChinese Golf Carts Surging Into US Prompt Pleas for 100% TariffCLOs Have Too Much Money and Are R
- CNN Business
The biggest US banks are more vulnerable than they were last year, Fed’s stress test shows
America’s biggest banks are well positioned to survive a severe recession while continuing to lend to households and businesses, the Federal Reserve said Wednesday in its annual bank resilience test, commonly referred to as a stress test. However, banks could suffer higher losses, if a significant economic downturn were to hit now versus a year ago.
