U.S. Fed bank stress tests pave way for stock buyback, dividend bonanza
The country’s largest lenders are poised to start issuing as much as $130 billion in dividends and stock buybacks from next month after the U.S. Federal Reserve gives them what is expected to be a clean bill of health on Thursday, said analysts.
Extreme weather to push property insurance higher -Hippo CEO
Extreme weather events and shortage of labour and materials for repairs will push property insurance rates higher in the next several years, the chief executive of U.S. home insurer Hippo said on Tuesday.
EXCLUSIVE U.S. watchdog to adopt mortgage moratorium rule with some exclusions -sources
The U.S. consumer watchdog in coming weeks will adopt a rule requiring mortgage servicers to give struggling homeowners until next year to resume repayments, but is expected to carve out some groups of borrowers following industry pushback, four people with knowledge of the matter told Reuters.
Canada has seen jump in insider trading, misconduct since pandemic start- regulator
Securities misconduct in Canada has risen sharply as perpetrators attempted to capitalize on pandemic-driven uncertainties, while social media frenzy surrounding certain stocks and cryptocurrencies also opened the door to more wrongdoing, regulators said on Tuesday.
How Reuters compared U.S. corporations’ taxes with their foreign rivals
Reuters analyzed the filings of hundreds of U.S. and foreign companies to compare their tax bills, finding that the U.S. firms currently pay far lower taxes – and would likely continue to pay lower taxes under a tax hike proposed by U.S. President Joe Biden.
Analysis: Investors focus on central bank speakers after extreme market moves
With all eyes on the U.S. central bank this week, some investors are looking to a parade of Federal Reserve speakers to calm market volatility, saying the reaction to the Fed’s June meeting was too extreme.
Stocks recover from 4-week lows as focus switches back to post-pandemic growth
Global shares extended their recovery on Tuesday from four week lows, as investors focused on prospects for post-pandemic economic growth, rather than fret more over the hawkish stance taken by the U.S. Federal Reserve at a policy meeting last week.
Explainer: What’s happening with Tesla’s $7 billion German ‘gigafactory’?
Next Thursday, July 1, was supposed to be a day of celebration for Tesla: the opening of its self-styled “gigafactory” in the tranquil German municipality of Gruenheide, just outside Berlin.
Canada’s climate plan charts hard road ahead for high-polluting oil sands
Canada has set ambitious targets for slashing emissions to fight climate change, but faces a stiff challenge: not only is its economy dependent on oil production, but the Canadian oil industry’s carbon emissions are among the world’s highest for every barrel of oil it pumps.
Dollar pauses ahead of Fed testimony, cryptocurrencies attempt recovery
The dollar paused for breath on Tuesday as traders looked to testimony from Federal Reserve Chair Jerome Powell for further guidance on the recent surprise shift in the central bank’s policy outlook, while support crept back for cryptocurrencies.
