Wall Street Breakfast Banks pass, investors cash in
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Jul 2, 2025 Wells Fargo is on the rise, announcing a dividend increase after passing stress tests. Paramount settles a lawsuit for $16 million, sparking interest in legal news. In tech, Thoma Bravo eyes Verint, boosting its shares. Meanwhile, Chinese investors are pulling out $5.9 billion from major tech stocks, creating ripples in the market. Intel's new CEO is contemplating shifts in marketing strategy, adding to the buzz of financial updates.
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Banks Pass 2025 Stress Test
- All 22 major banks passed the Federal Reserve's 2025 stress test, showing resilience and strong capitalization.
- This cleared the way for dividend increases by multiple banks, signaling financial confidence.
Paramount Settles Trump Lawsuit
- Paramount will pay $16 million to settle Trump's lawsuit over a 60 Minutes interview without admitting wrongdoing.
- The settlement funds will cover Trump's legal fees and future presidential library, not direct payment to him.
Potential Thoma Bravo-Verint Deal
- Thoma Bravo is in talks to potentially acquire Verint Systems, a call center software maker.
- Despite uncertainty in deal completion, the news boosted Verint's stock price in pre-market trading.