President Biden says U.S. banks are in "pretty good shape," but says it will take time for things to "calm down" in the industry. American Express saw an acceleration in new card acquisitions during the first quarter, and it recorded a profit beat for the period. [Read more]
The decline in “Magnificent Seven' stocks erased a collective $950 billion from their market capitalizations this week, which made for the group's worst-ever weekly loss of market value. [Read more]