Bank of America (BAC) CEO Brian Moynihan is dialing back his expectation for a mild recession this year, mostly thanks to the resilience of the US consumer. "People are working, and they are ...
(The Hill) – Brian Moynihan, the head of Bank of America, said on Sunday that his company plans to slow down its hiring process and predicted that the U.S., would experience a mild recession ...
Despite two years of higher-than-normal inflation and rising interest rates, U.S. consumer spending has remained remarkably ...
NEW YORK: Bank of America Corp chief executive Brian Moynihan says there are signs of the US economy slowing, but his firm still expects a soft landing rather than a recession. “The reality is ...
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Bank of America CEO Bryan Moynihan said the company, known for its unwavering commitment to growth, was looking to sell off some of its "lazier" assets. is ready to reverse a decades-long strategy ...
Stocks (^DJI,^GSPC, ^IXIC) opened mixed on Thursday morning as investors begin to price in the idea of interest rate cuts ...
Opinions expressed by Forbes Contributors are their own. I aim to prudently speculate in undervalued, dividend-paying stocks. While Jerome H. Powell & Co. hiked the target for the Fed Funds rate ...
DAVOS, Switzerland (Reuters) - U.S. consumers are still in "pretty good shape" and their wages are growing even as the Federal Reserve continues to withdraw excess liquidity from the system, Bank ...
However, at least one Wall Street analyst sees a silver lining to the update. In the wake of the first-quarter report, Wolfe ...
(The Hill) – Brian Moynihan, the head of Bank of America, said on Sunday that his company plans to slow down its hiring process and predicted that the U.S., would experience a mild recession ...
Robust consumer spending in the past few years has helped the U.S. avoid a recession. Consumer spending continues to grow, albeit at a slower pace than last year. U.S. consumer credit card debt is ...