Big banks all pass the Federal Reserve’s stress tests, but the tests were less vigorous this year

U.S. Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., June 18, 2025. Kevin Mohatt | Reuters All the major banks passed the Federal Reserve‘s annual “stress tests” of the financial system, the central bank said Friday,…

Nasdaq-traded Chinese herb stock with no revenues rallies 58,000% to top Lululemon in market value

Hong Kong Skyline Nikada | E+ | Getty Images Regencell Bioscience Holdings, an early-stage, Hong Kong-based bioscience company with no revenue, is the latest speculative overseas stock to attract an unusual surge in trading demand. Shares of Regencell, which says it develops traditional Chinese herb treatments to treat childhood attention deficit hyperactivity disorder and autism,…

At Trump’s $148 million meme coin dinner, ‘the food sucked’ and security was lax

Crypto investor and $TRUMP token holder, Nicholas Pinto, attends gala dinner for contest winners. Nicholas Pinto The price of President Donald Trump‘s meme coin plunged 16% as of Friday morning, just hours after he hosted a black-tie gala at his Virginia golf club for its biggest buyers — an elite crowd that spent a combined…