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The Federal Reserve’s latest stress test finds US banks can withstand $708 billion in losses, a reassuring signal amid ongoing economic uncertainty. Meanwhile regulators issued new guidance on handling sensitive information during bank examinations, and Treasury Secretary Bessent offered his own economic commentary. Here’s what this means for the banking sector right now.
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China’s DeepSeek is reportedly raising fresh capital at a $74 billion valuation ahead of an onshore IPO, validating the open-weight AI business model at genuinely massive scale. Meanwhile SpaceX is in talks to provide the Pentagon with data center capacity, and organized protests against the data center buildout are being planned. Here’s what these developments mean for AI investors.
Read moreRIA buyers predict wealth management valuations will genuinely flatline in the second half of 2026, even amid accelerating industry consolidation. Meanwhile Schwab finds client referrals and hiring leading RIA priority lists, and Cerulli data shows UHNW firms nearly double concierge service offerings compared to mainstream HNW practices. Here’s what these findings mean for advisors and firms right now.
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