Bank shares surge after most get the go ahead from the Fed to raise dividends, buybacks

The biggest U.S. banks announced plans to buy back tens of billions of dollars in stock and hike their quarterly dividends after passing an annual stress test by the Federal Reserve. Bank shares rose broadly on the news, with Bank of America, Citigroup and J.P. Morgan Chase trading at least …

Paul Tudor Jones warns the next recession will be ‘really frightening’

Legendary global macro trader Paul Tudor Jones is warning that asset prices are too high. And furthermore, he’s concerned about what the next recession might look like. He shared his thoughts on Monday during a conversation with Goldman Sachs CEO Lloyd Blankfein as part of the firm’s “Talks at GS” …

Russia cuts Treasury holdings in half as foreigners start losing appetite for US debt

Foreign governments pulled back their purchases of longer-term U.S. debt as trade tensions escalated around the world. The declines are relatively small so far for notes and bonds — just shy of $5 billion each for March and April, the most recent months for which Treasury data are available — …

The Fed has a surprise in store that could mean an early end to interest rate hikes

The Federal Reserve could have a surprise in store for investors this week, even if everyone already knows the central bank is raising interest rates. Along with the quarter-point increase in the Fed’s benchmark short-term target, the policymaking Federal Open Market Committee is likely to announce another change that would …

Warren Buffett: Interest rates are the ‘most important’ thing in determining stock values

As bond yields rally to multiyear highs, investors may want to remember Warren Buffett’sremarks on the importance of interest rates for valuing investments. In a 2017 interview video clip found using CNBC’s Warren Buffett Archive, the investor explained why rates matter so much for stock investors. “The most important item …

An indicator that’s ‘90% accurate’ suggests hidden strength in the stock market

The U.S. stock market may feel particularly risky right now, as major indexes have been volatile throughout 2018 and there are a number of headwinds that investors are monitoring, but things may not be as bad as they seem. There are multiple signs of equity strength going on below the …

The Supreme Court opens up sports betting across the country

The U.S. Supreme Court ruled Monday that states can legalize sports betting, breaking up Nevada’s monopoly on the practice. The court upheld the legality of a 2014 New Jersey law permitting sports betting at casinos and racetracks in the state and voided the federal Professional and Amateur Sports Protection Act. …

Goldman: Something strange is happening with the US economy that could cause interest rates to jump

America’s budget deficit and unemployment rate are heading in opposite directions — something that’s never happened during post-World War II peacetime and could cause a significant jump in interest rates. Goldman Sachs projects, for instance, that the 10-year Treasury note could be yielding 3.6 percent next year. The deficit increase …

Americans are hoarding money in their checking accounts — and that could be a problem

How much money is in your checking account? Here’s why it matters—and what it might say about you. Markets are experiencing another period of volatility this week, and new research suggests checking account customers are doing something that indicates they don’t feel as secure as they would like about the …