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Bank of America Profit Climbs as Trading Business Delivers Strong Second-Quarter Performance

Bank of America reported stronger second-quarter earnings after robust trading activity and resilient consumer banking helped offset continued economic uncertainty, underscoring the strength of the banking sector amid volatile global markets. The U.S. banking giant said its quarterly profit increased from a year earlier, with the gains driven largely by higher revenue from equities and […]

Trump Signals Tariffs on China Will Drop, But Not to Zero Amid Trade War Concerns

Trump Signals Tariffs on China Will Drop, But Not to Zero Amid Trade War Concerns

President Donald Trump stated during a White House news conference on Tuesday that tariffs on Chinese imports “will come down substantially, but it won’t be zero,” signaling a potential shift in trade policy amid ongoing economic and political pressure. Trump’s comments came hours after U.S. Treasury Secretary Scott Bessent called current tariff levels “unsustainable” and […]