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Given the downdraft in bank stock prices this year, some of the biggest financial companies in the U.S. are all of the sudden offering sky high dividend yields. Those lofty payouts are attractive in absolute terms, and even when compared with prevailing Treasury yields. Even Wells Fargo yields about 2.5%, far above what banks pay on savings or checking accounts. Q3 bank earnings playbook All eyes turn to bank earnings for clues on slowing U.S. economy after Dimon's recession warning Treasury yields in some instances may be higher, but the "volatility of bank dividend yields have traditionally been far less than that of Treasuries," Evercore ISI wrote. As a result, today's above-average financial dividend yields "present an opportunity - particularly given banks' still-solid earnings power (despite eventual credit normalization), robust capital levels, and historical dividend progression," Evercore ISI said.
Shares of Rocket Lab aren't quite ready for takeoff just yet, according to Credit Suisse. Analyst Scott Deuschle initiated coverage of the space stock with an underperform rating. Along with Rocket Lab, Deuschle initiated shares of Virgin Orbit with an underperform rating, noting both companies could suffer from challenging gross margins. This drawback may prove particularly detrimental to Rocket Lab and drive a downdraft in capital spending among earth intelligence firms, he said. Shares of Rocket Lab have slumped about 66% this year.
Morning Bid: U-turn sparks huge turn
  + stars: | 2022-09-28 | by ( ) www.reuters.com   time to read: +2 min
Take Britain, where a government budget on Friday sparked a run on the pound and gilts, accelerated the downdraft across world markets, before prompting an astonishing policy U-turn from the Bank of England on Wednesday. This unleashed a wave of buying across British assets - the 30-year gilt yield sank a record 100 basis points and sterling rose 1.5% - and triggered a pent-up recovery across world markets. The relief was palpable: world stocks and the S&P 500 snapped six-day losing streaks, with the S&P 500 jumping around 2%. Its tinkering at the edges seems to have failed, so will it soon have to take more forceful action to support the yuan? They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Tornado facts: How they form and what to look for
  + stars: | 2021-04-26 | by ( Jennifer Gray | ) edition.cnn.com   time to read: +6 min
Scott Cunningham/Getty Images“Sometimes, it may appear that a storm is in a perfect environment for a tornado to form, yet it never does. The updrafts and downdrafts work in tandem to pull the horizontal column of air down to form the tornado. “The most telltale sign that a tornado could be forming, when you are looking at a close-range severe thunderstorm, is the ‘wall cloud,’” says Miller. The wall cloud is a lowering of the cloud base that will lead to the vortex, or spinning of air. The presence of a wall cloud doesn’t always mean a tornado will form, but it certainly ups the odds.
Suzanne Plunkett/CNN Restricted view: Concorde's windows were much smaller than those on a normal passenger airplane. Suzanne Plunkett/CNN Concorde cloakroom: Despite the space limitations, there was room for a closet to ensure Concorde's well-heeled passengers wouldn't crease their coats and garments. Suzanne Plunkett/CNN Work with perks: "The flight attendants loved being on it; the passengers loved being on it. Suzanne Plunkett/CNN Switches and dials: Meanwhile, in the cockpit, the pilots relied on simple analog dials and switches to control the super-fast jet. There are always rumors of new supersonic aircraft in the works, and I enjoy tracking the updates, but nothing seems concrete yet.
Persons: CNN —, it’s, Lewis Whyld, , I’ve, I’d, Lewis, would’ve, Ian Waldie, Suzanne Plunkett, Gordon, Su Marshall, Richard Quest, Richard Ford, MARTYN HAYHOW, tycoons, Mario Tama, CNN's, , you’re, nothing’s, wouldn’t, , we’ve, I’m Organizations: CNN, Concorde, Isambard Kingdom Brunel, downdraft, South West News Service, UK, Concorde Alpha, Aerospace Bristol, Business, British Airways, CNN Concorde, Getty, Bristol Aerospace, eBay, afterburners, Royce, Royce Olympus, Alpha, Aerospace, UK’s Press Association, The Telegraph, It’s Locations: Bristol, England, Clifton, Concorde, London, New York, AFP, Filton, France, Ukraine
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