2. -- For the third time in as many years, all 34 of the country's biggest banks met the minimum capital standards in annual Federal Reserve stress tests designed to safeguard the U.S. from another financial crisis.
The reviews gauged whether lenders with more than $50 billion in assets could withstand a hypothetical "severe global recession" in which the unemployment rate peaks at 10% by the third quarter of 2018 while equity prices fall by 50% through the end of this year.
Overall, the results showed that the banking sector is well-capitalized, with the vast majority of firms maintaining significant capital buffers in the scenario. However, a few institutions came close to a minimum level that will be considered in a second, more important set of tests coming next week, including Goldman Sachs Group Inc. (GS) , Morgan Stanley (MS) and State Street Corp. (STT) .
One new bank that participated in the test, CIT Group Inc. (CIT) , was well above minimum requirements, much better than a private trial run last year.
3. -- Amazon.com Inc. (AMZN) is looking to charge advertisers $2.8 million for packages that include 30-second spots during the Thursday night National Football League games it will stream live to its Prime customers this coming football season, two people familiar with the matter told Reuters.
Amazon is paying $50 million to the NFL to stream this season's 10 Thursday night games, sources told Reuters in April, as the online retailer pushes into live sports. The games will be shown simultaneously on either CBS Corp. (CBS) or Comcast Corp.'s (CMCSA) NBC, which are broadcasting five games each.
The live-streamed games will only be available to subscribers to Amazon's Prime service, which costs $99 a year.
Amazon takes over from Twitter Inc. TWTR, which paid $10 million to stream Thursday night games last season.
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"A question I get all the time is '"How many people actually watch YouTube?' Today, I'm pleased to announce that we crossed a big threshold: 1.5 billion logged in viewers visit YouTube every single month. That's the equivalent of one in every five people around the world!" wrote YouTube CEO Susan Wojcicki in a blog post on Thursday.
Wojcicki also said in her blog post that YouTube Red will have 12 new projects coming soon. To date, the company has launched 37 original series and movies on YouTube Red "and they've generated nearly a quarter billion views" according to Wojcicki.
5. -- Waymo, the the mobility division created by Google parent Alphabet hired Satish Jeyachandran, Tesla Inc.'s (TSLA) former director of hardware engineering, to lead its self-driving vehicle technology efforts, Bloomberg reported.
Jeyachandran spent nearly seven years at Tesla before leaving earlier this year. He will lead Waymo's hardware team, according to Bloomberg, overseeing the development and integration of cameras, radar, lidar, and computer vision.
"I wanted to join Waymo because it has a talented, mission-driven team that has made impressive advancements in self-driving hardware," Jeyachandran said in a statement on LinkedIn. "This technology offers incredible potential to save millions of lives."
Alphabet shares were down slightly in premarket trading on Friday. The stock has risen 24% so far in 2017.