House lawmakers tear into top bank regulators in second hearing this week on SVB collapse
“We need competent financial supervisors. But Congress can’t legislate competence,” House Financial Services chairman Rep. Patrick McHenry told regulators.
Amid inflation, nearly half of parents financially support their adult children, but ‘it has to go both ways,’ economist warns
On average, parents who financially support grown children give them $1,400 a month for expenses such as food, rent, cell phones and car insurance.
Carl Icahn wants to bring back Illumina’s ex-CEO ‘immediately’ as proxy fight intensifies
Icahn said Illumina should bring back former CEO Jay Flatley, saying current management is making the mistake of holding onto the $7.1 billion Grail deal.
Citi upgrades Lululemon shares to buy, citing strong brand momentum
Citi upgraded Lululemon shares to buy from neutral, saying that it has more than 37% upside as its brand momentum continues.
As climate change intensifies extreme weather, NOAA looks to startups to help improve its forecasts
NOAA is exploring buying data from startups such as Tomorrow.io and Saildrone to help it improve its weather forecasting.
FDA approves over-the-counter sales of lifesaving opioid overdose treatment Narcan nasal spray
The FDA’s decision means people will be able to buy the 4mg nasal spray without a prescription in supermarkets, convenience stores and vending machines.
‘Light at the end of the tunnel:’ Some analysts see improvements ahead for Micron after tough quarter
Despite Micron’s disappointing second fiscal quarter results amid a downturn in the semiconductor space, several analysts are optimistic it will soon recover.
UBS says investors should sell this footwear retailer as it will struggle in a recession
Analyst Jay Sole downgraded the stock to sell from neutral and cut his price target to $30 from $36, implying downside of 25% from Tuesday’s close.
Mortgage demand gets a boost from bank volatility, but it may be short-lived
Interest rates declined following turmoil in the banking sector, helping lift demand for mortgages.
Goldman Sachs says this energy stock is undervalued and poised for strong gains
Goldman Sachs is bullish on Marathon Petroleum, saying that as prices in the oil industry become more volatile, the company will continue to outperform.
