Ohio

Stress Test 2016: Fed Says All 33 Banks Can Surive 70 VIX Without Needing Outside Capital

While hardly coming as a surprise to anyone, moments ago the Fed announced that all 33 banks have enough capital to withstand a severe economic shock, though Morgan Stanley trailed the rest of Wall Street in a key measure of leverage, Bloomberg reports. The biggest bank cleared the most severe scenario handily, with the exception of Morgan Stanley whose projected 4.9% leverage ratio tied for last place alongside a Canadian bank’s U.S. unit, falling within a percentage point of the 4 percent minimum. As a result of today's "test result" many banks will likely win regulators' approval next week to boost dividends.

Trump Campaign Starts June With Only $1.3 Million In The Bank After Making Another $2.2 Million Loan

In another sign of rising troubles for his presidential campaign, on the same day that he fired his campaign manager, Corey Lewandowki, a report filed with the Federal Election Commission showed that Trump finished May with a "troublingly low" $1.3 million in the bank. Trump raised just $3.1 million for his campaign during the month that began with Republican National Committee Chairman Reince Priebus declaring Trump the presumptive nominee of the Republican Party.

"People Are Expecting A Brawl" - Trump/Clinton Debates Likely Most-Watched Ever

The most watched presidential debate thus far was the Reagan-Carter debate in 1980, which drew 81 million viewers, with no other debate coming close to that number since (for context, 114 million watched the 2015 Super Bowl - which really shouldn't surprise anyone). There is a growing feeling that a Trump-Clinton debate could top the 81 million mark.

Trump Gives Up On $1 Billion Fund Goal After Mark Cuban Says He Will "Grovel For Money"

Donald Trump distanced himself from his own fundraising estimate of $1 billion, refusing to commit to collecting even half that amount, and saying his campaign didn't need much money to win the White House. Instead Trump said he would rely instead more on his own star power as a former reality-TV personality to earn free media, and has no specific goals for how much money his campaign needs. All this happened just as Marc Cuban to to twitter to taunt Trump that he would "grovel for that cash and will."

Mapping The Cost Of "Sin" Across America

As spring heads into summer across the United States, many Americans may be enjoying a frosty adult beverage. And associated with the purchase of that alcohol, Americans will pay a hefty tax. The taxes collected from so-called sin taxes serve as a major source of revenue for some states. Sin taxes can cover activities from tobacco and alcohol to casino and racing gambling. States collected over $32 billion in sin taxes in 2014.... but which state pays the most for "sin"

The Startling Truth About How Working Families Are Truly Faring In This Economy

It is hard to live the American Dream when the deck is stacked against you.  Our politicians stood idly by as millions of good paying jobs were shipped overseas, our economic infrastructure was absolutely gutted and multitudes of small businesses were choked to death by miles of red tape.  Now, we are reaping the consequences.

13 Of 23 Co-Ops Created Under Obamacare Have Failed

“The 10 co-ops still operating with June 30 financials reported a cumulative loss of $202.3 million... Very little, if any, of the $1.24 billion in federal start-up and solvency loans to establish those co-ops will be repaid..."

Frontrunning: June 2

  • Global stocks struggle as ECB and OPEC meetings loom (Reuters)
  • Iran Resists Saudi Gesture for Unity as OPEC Fractures Reappear (BBG)
  • Clinton to blast Trump on North Korea, NATO in foreign policy speech (Reuters)
  • Hillary Clinton Shifts to California as Race Tightens There (WSJ)
  • Puerto Rico’s U.S. Rescue Won’t Come Soon Enough to Halt Default (BBG)