All 34 banks that underwent the Federal Reserve's annual stress test cleared the first round. "This year's results show that, even during a severe recession, our large banks would remain well-capitalized," Fed Governor Jerome Powell said.
Stocks were mixed in early trading today, after health care and energy shares failed to boost markets Thursday. At 10:30 a.m. Eastern, the Dow Jones industrial average was down 6 points, the Nasdaq composite was up 7 points and the Standard & Poor's 500 index was up 2 points.
The Alternative Reference Rates Committee, which comprises major international banks, has chosen a Treasurys-backed repurchase agreement rate as an alternative to the London Interbank Offered Rate. "I am confident the new reference rate chosen today by the Alternative Reference Rates Committee is based on a deep and actively traded market and will be highly robust," said Federal Reserve Governor Jerome Powell.
Mental toughness means thinking of challenges as opportunities to overcome, writes LaRae Quy, who lists seven ways of thinking to get away from. Don't pretend that pain or negativity can be avoided or that emotions can't surface, and don't pretend you're nothing but a victim, she writes.
A sophisticated cyberattack on IDT in April foreshadowed the WannaCry attack, which occurred two weeks later worldwide. The IDT attack was more vicious: It used two National Security Agency cyberweapons, opposed to one in WannaCry, and it stole employee credentials without detection.