News & Events:GS

Municipals head into the final week of the first half of 2022 on more stable footing, but a cautious tone hangs over the market.

* GOLDMAN SACHS TO COVER EMPLOYEES' ABORTION TRAVEL COSTS- BUSINESS INSIDER Source text for Eikon: [ID:https://bit.ly/3nhJiNA] Further company coverage:

America's largest bank, JPMorgan Chase & Co (JPM), will cover expenses for U.S.-based employees who need to travel far from home to get a medical service, including "legal abortions," according to a staff memo the bank sent earlier this month and seen by Reuters on Friday.

Someone with a lot of money to spend has taken a bearish stance on United Parcel Service. And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don't know. So how do we know what this whale just did?

A whale with a lot of money to spend has taken a noticeably bearish stance on Netflix. Looking at options history for Netflix we detected 49 strange trades. If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 59% with bearish.

Keefe, Bruyette & Woods upgraded the previous rating for Progressive Corp from Underperform to Market Perform. According to Noble Capital Markets, the prior rating for Indonesia Energy Corp Ltd was changed from Market Perform to Outperform. For Middlesex Water Co, Janney Montgomery Scott upgraded the previous rating of Neutral to Buy.

Although the US stocks closed higher on Thursday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Below is a look at a few recent notable insider purchases.

- Industrial and Commercial Bank of China (IDCBF) said on Friday its wealth management joint venture with Goldman Sachs Group Inc (GS) had received the country's banking regulator's approval to begin operations.

Few investors are as well known as Jordan Belfort, not only because of the Leonardo DiCaprio film "Wolf of Wall Street" revolving around his early life, but as a popular author, speaker and investor in cryptocurrency and in traditional finance. We caught up with Belfort while he was at NYC.NFT. "I'm looking at the nervous laughter and scaled down parties right now," Belfort said.

Industrial and Commercial Bank of China said on Friday its wealth management joint venture with Goldman Sachs Group Inc (GS) had received the country's banking regulator's approval to begin operations.

Big U.S. banks' strong capital levels equip them to continue lending to households and businesses during a severe recession, the Federal Reserve has revealed. What Happened:  All banks held capital above the minimum capital requirement even as they are expected to report an aggregate loss of $612 billion, the results of a Fed stress test showed on Thursday.

* Second-quarter M&A down 25.5% amid recession fears. * Interest rate hikes drive U.S. dealmaking down 40% * Asia Pacific sinks 10%, Europe up 6% on large buyouts. * Financing drought, valuation mismatch key hurdles.

The largest U.S. banks on Thursday easily cleared the U.S. Federal Reserve's annual health check, in a vote of confidence for the sector amid signs the U.S. economy could tip into a recession in the months ahead.

Someone with a lot of money to spend has taken a bearish stance on Uber Technologies. And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don't know. So how do we know what this whale just did?

Erdman closes the books on a three-decade career with Wisconsin next week and heads to municipal advisory firm Baker Tilly.

The largest U.S. banks on Thursday easily cleared the Federal Reserve's annual health check, in a vote of confidence for the sector amid signs the U.S. economy could tip into a recession in the months ahead.

The largest U.S. banks would remain well capitalized in the event of a severe economic shock, the U.S. Federal Reserve said on Thursday after the lenders' annual health check, paving the way for them to issue buybacks and dividends.

The U.S. Federal Reserve is due to release the results of its annual bank health checks on Thursday. The results dictate how much capital banks need to be healthy and how much they can return to shareholders via share buybacks and dividends. WHY DOES THE FED "STRESS TEST" BANKS?

The U.S. Federal Reserve is due to release the results of its annual bank health checks on Thursday. The results dictate how much capital banks need to be healthy and how much they can return to shareholders via share buybacks and dividends. WHY DOES THE FED "STRESS TEST" BANKS?

* Lower bond yields lift some technology stocks. * Accenture slides on tepid current-quarter sales view. * Indexes: Dow down 0.46%, S&P off 0.17%, Nasdaq up 0.36% By Devik Jain and Sruthi Shankar. June 23 - U.S. stocks indexes were mixed on Thursday as gains in healthcare and megacap technology stocks offset losses in energy and other economically sensitive sectors amid growing recession fears.