Author: Daniel snow

Bank stocks rose Monday following the Federal Reserve’s late Friday announcement of its annual stress test results. Wall Street analysts say these two Club holdings came out on top. The news Morgan Stanley analysts described Goldman Sachs and Wells Fargo as the “biggest winners” of the 2025 stress tests, which put U.S. banks with at least $100 billion in assets through hypothetical economic downturn scenarios to see how each would weather the volatility. While all 22 banks surveyed passed, Morgan Stanley said in a Sunday note that Goldman and Wells were the most improved from last year. That’s because both…

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The White House will likely ask more countries to drop their digital services taxes as part of ongoing trade talks, a senior Trump administration official said Monday after Canada rescinded its DST over the weekend.”My expectation is that the digital services taxes around the world will be taken off, and that that will be a key part of the … ongoing trade negotiations that we have,” National Economic Council director Kevin Hassett said on CNBC’s “Squawk on the Street.”The remark from one of President Donald Trump’s top advisors came the day after Canada walked back its DST in order to “advance…

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