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LN24 > Blog > wall street
14
Jul

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

  • LN24 / 4 weeks
  • 0
  • 2 min read

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 […]

Fed Chair Powell Warns of Higher Inflation, Slower Growth, Unemployment
12
May

Fed Chair Powell Warns of Higher Inflation, Slower Growth, Unemployment

  • LN24 / 1 year
  • 0
  • 6 min read

The Federal Reserve held interest rates steady but said the risks of higher inflation and unemployment had risen, further clouding the economic outlook as the U.S. central bank grapples with the impact of Trump administration tariff policies. The economy overall has “continued to expand at a solid pace,” the Fed said in a policy statement, […]