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Bank of America Just Told Us Something Important About Consumer Spending

Its net charge-offs and delinquencies have risen for several quarters in a row. Here's what the bank expects for the rest of 2024. ....

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A master of one-liners: Munger on politics, life and crypto

His label for a derivatives trading desk: casino in drag. Alan Greenspan was smart but totally overdosed on Ayn Rand. And Bitcoin was noxious poison. ....

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Is the US Federal Reserve Done With Hikes?

The Fed is widely expected to approve the 11th interest rate hike since March 2022 this on July 26, taking the borrowing rate to its highest level in 22 years. What risks is the move fraught with? ....

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Wall Street's AI frenzy and strong bank profits send stocks higher

NEW YORK CITY: Wall Street s frenzy around artificial intelligence (AI) helped push stocks to their best level in more than 15 months on Tuesday, along with stronger-than-expected profit reports from several big financial companies. ....

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AI, finance firms boost stocks to highest since '22

NEW YORK Wall Street s frenzy around artificial intelligence helped push stocks up to their highest level in more than 15 months on Tuesday, along with stronger-than-expected profit reports from several big financial companies. ....

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