US Fed sets large bank capital levels after stress tests, eases on Goldman's level
The U.S. Federal Reserve announced on Wednesday it had set the latest capital cushions for large banks following June's annual stress tests, but agreed to shrink Goldman Sachs' burden. The new levels, effective Oct. 1, largely mirror the ones the Fed first identified as part of the annual health check of large banks. The central bank, however, added in its statement that it had lowered the extra capital level required of Goldman Sachs, after the firm asked the central bank to reconsider its finding.
Nvidia's earnings beat Wall Street's estimates as AI momentum continues
Nvidia's second-quarter earnings beat Wall Street analysts' expectations, with total sales and revenue from data centers coming in ahead of estimates amid strong demand for AI chips.
Bitcoin Layer-2 Network Stacks Begins Nakamoto Upgrade
Nakamoto could boost transaction speeds on Stacks and open the door for smart contracts using Bitcoin as a base layer.
Nvidia's Earnings Top Expectations, But Growth Slows, Weighing on Its Stock
Nvidia reported second-quarter earnings and revenue that beat analysts' estimates, though the pace of its growth slowed. Shares fell in extended trading Wednesday following the release.
EM Currencies Post Second Day of Losses On Stronger Dollar, Oil
(Bloomberg) -- Emerging-market currencies were down for a second day on Wednesday, as the dollar rebounded and Latin American markets got hit by commodity prices and political noise. Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherA Loud Warning From the Past About Living With
Air New Zealand warns of inflation, competition impact in first-half of 2025
The country's flagship carrier is grappling with a hit to demand from pricing competition from its U.S. counterparts and high inflation, while global engine maintenance requirements from Pratt & Whitney has affected aircraft availability. "Air New Zealand is expecting a challenging year ahead," CEO Greg Foran said. Pratt & Whitney last year removed more than 1,000 engines from Airbus planes, which has led to the grounding of Air New Zealand's planes intermittently.
