By Ginger Gibson WASHINGTON (Reuters) - Presidential candidate Donald Trump on Wednesday lashed out at the U.S. Chamber of Commerce's scathing criticism of his stance on trade, highlighting divisions within the Republican Party that threaten unity ahead of the Nov. 8 election. At a campaign rally in Maine on Wednesday, Trump called the nation's largest business association "controlled totally by various groups of people who don’t care about you whatsoever." He said new trade deals should be negotiated because foreign countries are taking advantage of America. "Every country that we do business with us look at us as the stupid people with the penny bank," Trump said Wednesday at the rally in Bangor, Maine.
President Barack Obama will campaign with presumptive Democratic White House nominee Hillary Clinton for the first time next Tuesday, as a new poll shows a tightening race with Republican Donald Trump. The Democratic pair is scheduled to visit Charlotte, in the swing state of North Carolina, where they will "discuss building on the progress we've made and their vision for an America that is stronger together," Clinton's campaign said in a statement Wednesday. Obama endorsed Clinton on June 9 after months of assiduously avoiding tipping the scales of the Democratic presidential primaries.
By David Henry and Patrick Rucker NEW YORK/WASHINGTON (Reuters) - Nearly all of the largest U.S. banks are on steady enough footing to increase payouts to shareholders, the U.S. Federal Reserve said on Wednesday, with just two subsidiaries of foreign banks failing its annual stress test. The results show that big U.S. banks have not only built up significant capital since the 2007-2009 financial crisis but that management teams have largely proven the merit of their internal disaster planning to the Fed. However, the Fed criticized some elements of Morgan Stanley's capital planning process - but still allowed the bank to move ahead with plans for a $3.5 billion stock repurchase program and a quarterly dividend hike while it rectifies the issues.