NewsWatch: Bank stocks are plunging — it may be an overreaction, longtime analyst says

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MARKETWATCH FRONT PAGE

Banks have increased profits during periods of low interest rates, says Odeon Capital Group’s Richard Bove. See full story.

Locals reclaim Madrid as their city while waiting for the tourists to return

Spain’s capital has a new rhythm, echoing what’s happening across Europe as popular cities, devoid of tourism, return to their roots as places to live, work and play. See full story.

Yes, America needs to brace itself for a second wave of coronavirus

Coronavirus cases in the U.S. have surpassed 2 million, and have risen by double-digit percentages in 16 U.S. states that have loosened restrictions since Memorial Day. See full story.

U.S. oil prices tumble 6% on worries of resurgence in coronavirus and a rise in U.S. inventories

Oil futures tumble Thursday as rising U.S. inventories, evidence of climbing cases of coronavirus, and a gloomy economic outlook from the Federal Reserve combine to undermine the recovery from historic lows seen in April. See full story.

‘Incidence of violence and inhumanity against blacks in this country must stop’ former AmEx CEO Chenault says

Former CEO of American Express Ken Chenault delivered an impassioned message and appeal to businesses and at the start of a Barron’s Group event on Wednesday. See full story.

MARKETWATCH PERSONAL FINANCE

A group of Democratic lawmakers has called for an investigation into policy changes that have allegedly resulted in DACA recipients being denied FHA loans. See full story.