Wall Street closes up, another weekly gain ahead of inflation data
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- One killed, three injured when man attacks Swedish school with sword
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
Why you should and shouldn’t worry about credit card debt: BofA
May 12, 2024 8:00 PM EDTIn Bank of America's weekly viewpoint, the spotlight falls on the issue of credit card debt, with insights into both reasons for concern and reassurance.
The NY Fed's Quarterly Report indicates a significant uptick in credit card debt over recent quarters, surpassing $1 trillion for the first time in... More
Recession, AI, stagflation: BofA answers 5 key investor questions
May 10, 2024 2:00 PM EDTInvestors are navigating a landscape with economic uncertainty, prompting Bank of America (BofA) analysts to address five critical queries driving market sentiment.
Firstly, concerns over a shift from recession risk to stagflation loom large. BofA reassures that such a transition is improbable, citing historical data showing that despite periodic challenges, the vast majority of... More
