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Friday, January 27, 2023



5 regional banks must raise $8.2B after tests

Five of the nation's largest regional banks are vulnerable to a worsening recession and need to raise a total $8.2 billion in new capital...

GM posts $6B 1Q loss, spends $10.2B in cash

General Motors Corp. lost $6 billion in the first quarter and its revenue was cut nearly in half as car buyers feared the wounded...

Look smooth in a rough job market

According to the United States Department of Labor, the U.S. has lost 5.1 million jobs since the recession began, and unemployment rates for African-American...

Casino Aztar Owner Approved to Exit Bankruptcy

LAS VEGAS—The US Bankruptcy Court in Delaware today approved Tropicana Entertainment, LLC’s creditor-supported plans of reorganization, which include an exit financing commitment from Icahn...

Buffett sees tough times ahead before recovery

Billionaire Warren Buffett remains optimistic about the U.S. economy, but he says it's difficult to predict when the recession will end because American consumers...

Bernanke likely to give less dour take on economy

Federal Reserve Chairman Ben Bernanke will provide Congress with a fresh assessment of the country's fragile economic health that probably will note some recent...

Report: Citigroup may need $10B in extra capital

Citigroup Inc. may need to raise as much as $10 billion to meet the government's increased capital standards for banks outlined in its stress...

Winning Stocks Need More Than Earnings

Running the numbers for a stock is crucial when considering whether to buy it. We've discussed that strong earnings growth is the most important...

AP sources: Chrysler to file for bankruptcy

Chrysler will file for bankruptcy after talks with a small group of creditors crumbled just a day before a government deadline for the automaker...

Treasury again increases auctions of 30-year bonds

The Treasury Department said Wednesday it will boost the number of times it auctions 30-year bonds to 12 times a year in another move...


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