US Bank Lending, Deposits Increase in Sign of Stable Credit
US bank lending increased last week, suggesting some stabilization in credit conditions despite tighter loan standards and high borrowing costs.
Bloomberg Business
Treasury Cash Pile Hits Lowest Level Since 2017 as Debt Talks Drag On
The US Treasury’s cash and borrowing situation is getting very tight.
Wall Street Looks to ‘Little Mermaid’ to Stoke Theater Rally
A rally in movie-theater operators will be put to the test as the debut of Walt Disney Co.’s The Little Mermaid provides the latest gauge of movie-going demand after the Covid-19 pandemic.
Nvidia Nailed Bet on AI Trend in Surge Toward $1 Trillion
Nvidia Corp. has a knack for riding tech trends — selling graphics chips that powered everything from the video game boom to the rise of cryptocurrency and the industry’s big bet on the metaverse.
US, Allies Condemn Kosovo After Clash With Serb Protesters
The US and top European allies condemned Kosovo’s government following clashes between police and ethnic Serbs that erupted when protesters tried to block ethnic-Albanian mayors from reaching their offices in the north of the country.
Tylenol-Maker Kenvue Poised to Get Wall Street Ratings After IPO
Kenvue Inc., the consumer health business that Johnson & Johnson spun off this month, will be eligible for ratings from a slew of major Wall Street banks next week, offering a chance to see how analysts are assessing initial public offerings amid the latest equities volatility and recession worries.
AI Is Becoming the Stock Market’s Answer to Everything
Rarely does a tech-powered stock rally come along that isn’t pilloried for the fragility of its foundation. Now, with a snowballing craze for artificial intelligence pretty much propping up the market by itself, the haters are out in force.
California Pension Bill Seeks $15 Billion Divestment
The California state Senate approved a bill that would force the country’s two largest pensions to divest an estimated $15 billion from oil and gas companies, a measure opposed by the funds’ managers.
US Has Just $67 Billion of Special Measures Left Under Debt Cap
The US Treasury had just $67 billion of extraordinary measures left to help keep the government’s bills paid as of May 24, the department said in a statement Friday.
Ex-Goldman Banker Loses Suit for Insider-Trading Defense Costs
A former Goldman Sachs Group Inc. vice president about to go on trial for insider trading lost his bid to force the bank’s insurer to pay millions of dollars to cover his legal defense costs.
