By Manya Saini (Reuters) -Wall Street’s biggest banks rose in morning trading on Monday after sailing through the U.S. Federal Reserve’s annual health check, setting the stage for billions in stock buybacks and dividends. The central bank said on Friday that 22 of the largest U.S. banks were well-positioned to withstand a future economic downturn and continue lending, with its stress test show ...
By Tanay Dhumal (Reuters) -Shares of U.S. renewable energy firms saw a mixed performance in early Monday trading after the U.S. Senate advanced President Donald Trump’s sweeping tax-and-spending bill. The final version preserved tax credits for solar leasing — an arrangement where a third-party owns and installs a solar panel system on a customer’s property for a fee to use the system and th ...
Investing.com -- Apple faces significant uncertainty ahead of its fiscal third-quarter earnings, with MoffettNathanson warning that the coming report “will be unusually difficult to make sense of.” The firm reiterated a Sell rating and a $139 price target on the stock, citing multiple unresolved issues ranging from tariffs and China discounting to AI strategy and potential fallout f ...
By Nate Raymond (Reuters) -The U.S. Supreme Court turned away on Monday Exxon Mobil Corp (NYSE:XOM)’s bid to overturn a $14.25 million civil penalty that a judge imposed in a long-running lawsuit over air pollution at its Baytown, Texas, crude oil refinery. Exxon had asked the justices to take up the case after a lower court in December upheld the largest penalty ever assessed in a citizen-ini ...