All Banks Pass Fed's Stress Test, Unleashing Latest Wave Of Dividends And Buybacks

NATO Mulls Nixing Annual Summits, Wary Of 'Trump Drama' Overshadowing Fresh reporting in Reuters says that NATO leadership is mulling ending its practice of holding annual summits as the Trump presidency has "cast a long shadow" over such meetings and as member states are looking for "less drama". For example, at the 2018 summit Trump threatened to walk ⁠out after bitterly complaining over allies' low defense spending. Jens Stoltenberg, NATO’s secretary general at the time, wrote in a recently published memoir, "Had he made good on his threat to leave ​in protest,...

Weather & Weak Demand Drive US PMIs Down To 10-Month Lows In February, But... While 'hard' data has been fading modestly in recent weeks, 'soft' survey data has bounced back but today we get a first glimpse at February's PMIs from S&P Global to see if that survey-based confidence is continuing. It is not as both Manufacturing and Services PMIs dropped notably., Flash US Services PMI Business Activity Index: 52.3 (January: 52.7). 10-month low. Flash US Manufacturing PMI: 51.2 (January: 52.4). 7-month low.    Source: Bloomberg Overall that dragged the US Composite PMI down...

DHS Directs ICE To Deport Illegal Aliens Who Vote In American Elections Authored by Bryan Hyde via American Greatness, The Department of Homeland Security (DHS) General Counsel James Percival has directed Immigration and Customs Enforcement (ICE) to impose strict penalties, including deportation, on illegal aliens who vote in American elections. According to a DHS press release, the Immigration and Nationality Act directs the removal of aliens who illegally vote or make a false claim to US citizenship. 🇺🇸 DHS told ICE to deport any undocumented immigrant who votes in a U.S. election. The directive, signed...