Tag Archives: America

[unable to retrieve full-text content]Bank of America lays out the exact scenario that could finally pop the stock market’s AI bubble  Yahoo Finance Source link

[unable to retrieve full-text content]Caitlin Clark has captivated America, but is she good enough to make the USA Olympic team?  Yahoo Sports Source link

American workers are becoming more productive. Recent analysis from Bank of America showed the average revenue per worker for companies in the S&P 500 hit an all-time high in February after 15 years of no gains. This is one of several signs that labor productivity is rebounding after slumping during 2022. Some on Wall Street think the developments in labor productivity could help the stock market survive stickier-than-expected inflation that has emerged as a concern in recent weeks. “If… Source link

[unable to retrieve full-text content]What Corporate America is worried about  Yahoo Finance Source link

[unable to retrieve full-text content]Goldman Sachs stumbled while Bank of America surged in first quarter  Yahoo Finance Source link

[unable to retrieve full-text content]In Russia, Censors Take On Truth Online  Voice of America – VOA News Source link

Layoffs roiling the tech sector have been the biggest economic story of 2023. And now, it seems those layoffs are spreading into new corners of Corporate America. On Tuesday morning, 3M (MMM) announced it would cut 2,500 manufacturing jobs, as slower-than-expected growth followed from what the company called “rapid declines in consumer-facing markets — a dynamic that accelerated in December — along with significant slowing in China due to COVID-related disruptions.” The news from 3M… Source link

DAVOS, Switzerland — Bank of America (BAC) CEO Brian Moynihan is pushing back on the view held by some investors that the Federal Reserve will slash interest rates in 2023 to jumpstart a potential recessionary U.S. economy. “They may leave [rates] higher for longer just to make sure they squeeze out that services-side inflation,” Moynihan told Yahoo Finance at the World Economic Forum (WEF) on Tuesday. Moynihan pointed out that his research team is expecting a “mild” recession this year…. Source link

DAVOS, Switzerland — Bank of America (BAC) CEO Brian Moynihan is pushing back on the view held by some investors that the Federal Reserve will slash interest rates in 2023 to jumpstart a potential recessionary U.S. economy. “They may leave [rates] higher for longer just to make sure they squeeze out that services-side inflation,” Moynihan told Yahoo Finance at the World Economic Forum (WEF) on Tuesday. Moynihan pointed out that his research team is expecting a “mild” recession this year…. Source link

Roughly a year from today, the S&P 500 will likely have gone nowhere, strategists at Bank of America Global Research said in their year-ahead outlook published Monday. Equity strategists at BofA set a 2023 year-end price target of 4,000 on the benchmark index — an increase of less than 1% from Monday’s close of 3,963.94 — as annual earnings per share for the S&P 500 are seen declining 9% next year to $200. This drop in earnings reflects a figure roughly 15% below current estimates. In… Source link