All 23 US banks that participated in a new Federal Reserve stress test would be able to withstand a severe global recession, demonstrating the strength of the biggest financial institutions at a time when the banking industry still is on uncertain ground.

Results released by the Fed Wednesday show that these banks would have enough capital on hand to absorb losses and continue lending even if unemployment were to hit 10% and the stock market were to plung

Hey everyone, today I'll be doing napkin math valuation to value JD.com. My valuation will be quite different from many company analysis usually seen on this subreddit as personally, I can't be bothered to read what a company actually does. I'm more interested in its financial statements. If they pass my napkin math hurdle rate of return, then maybe I'll actually read their investor presentation. To start off, let's look at JD.com.

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I'm 18 and looking to create a solid long-term investment portfolio. Right now, I'm considering buying ~50 shares and putting about half of my net worth into AAPL. But since it has recently reached an all-time high of $189 -- I wanted to get your thoughts on whether this would be a good long-term investment or if it might be wiser to hold off buying for a few weeks. I'm still learning the ropes here, but I really believe in Apple as a company and use

https://finance.yahoo.com/news/us-weekly-jobless-claims-fall-124634832.html

The number of Americans filing new claims for unemployment benefits fell last week by the most in 20 months, offering an upbeat picture of the labor market that could see the Federal Reserve continuing to raise interest rates to cool demand.

The unexpected decline in applications repor

• PayPal is a huge player in the industry, and it has a favorable financial profile.
• Block controls two powerful ecosystems that have long expansionary runways.
• Investors need to figure out if they care more about value or growth.

In the battle of these payment companies, which one stands out?

PayPal (PYPL -0.26%) and Block (SQ -0.59%) are leaders in the lucrative digital payments industry. Each has carved out a valu

https://www.cnbc.com/2023/06/29/polestar-moves-to-tesla-charging-standard.html

Swedish electric vehicle maker Polestar said Thursday that it has signed a deal with Tesla that will allow drivers of its EVs to charge at about 12,000 Tesla charging stations in North America starting next year. New Polestar vehicles sold in North America will come standard with the Te

The Supreme Court will give a decision on the student loan relief tomorrow. Personally, with the conservative justices on the court, I don't think that student loan relief will go through. Either way, student loan payments are starting back up this fall.

I'm not sure what the numbers would be if it passes, but if it doesn't, the average payment is going to be $350/month. With 40M borrowers, that's $14B/month total in student loan payments.

The U.S. economy showed much stronger-than-expected growth in the first quarter than previously thought, according to a big upward revision Thursday from the Commerce Department.

Gross domestic product increased at a 2% annualized pace for the January-through-March period, up from the previous estimate of 1.3% and ahead of the 1.4% Dow Jones consensus forecast. This was the third and final estimate for Q1 GDP. The growth rate was 2.6% in the fourth quarte

MoneyWatch UPS strike "imminent" if pay agreement not reached by Friday, Teamsters warn moneywatch

By Irina Ivanova

June 29, 2023 / 2:30 PM / MoneyWatch

The union representing UPS workers has warned that a strike is "imminent" if the company doesn't come to the table with a significantly improved financial offer by Friday.

The Teamsters union, which represents about 340,000 UPS workers, has been negotiating wit

Amazon to be accused of punishing sellers who don't use its fulfillment services.

The Federal Trade Commission is preparing to file a major antitrust lawsuit accusing Amazon of "leverag[ing] its power to reward online merchants that use its logistics services and punish those who don't," Bloomberg reported today. Bloomberg described the forthcoming lawsuit as "the big one," following several earlier lawsuits fi