US banking lobby groups have filed a lawsuit against the Federal Reserve over stress testing, seeking transparency in the process and models used. The lawsuit aims to push for changes in the stress test framework for large US banks like JPMorgan Chase and Bank of America, with a focus on making results less volatile. The industry groups are calling for more visibility into the Fed’s stress test models and scenarios, and are aiming to have any changes implemented by the 2026 cycle.
Full Article
Why Clean Energy Fuels Stock Raced Nearly 13% Higher Today
Clean Energy Fuels (NASDAQ: CLNE) experienced a nearly 13% surge in its stock price after reporting second-quarter revenue of $102.6 million, marking a nearly 5% year-over-year increase and surpassing analyst estimates. Despite this growth, the company's non-GAAP net income decreased to $337,000, or less than $0.01 per share. Want More Context? 🔎
Read more