Alastair Borthwick
BofA stock surges after boosting profit on trading gains, interest income
Bank of America topped estimates for first-quarter profit as interest income grew and volatile markets helped its stock traders rake in a record haul.
Amazon
Nasdaq falls over 3% to six-month low on growth concerns
The tech-heavy Nasdaq led a selloff among Wall Street’s main indexes, falling over 3% to a near six-month low, on fears that a tariff war could spark an economic slowdown.
$1 trillion
Credit Card Defaults At Highest Level Since Great Recession In 2008
According to the Financial Times, U.S. credit card defaults increased to their highest level since the start of the 2008 Great Recession, which is a telling sign that lower-income Americans are struggling after dealing with years of high inflation.
automobiles
Wall Street Soars To New Records Following Donald Trump’s Historic Election Victory
Donald Trump’s election victory was welcomed happily by Wall Street, with all three major benchmarks hitting record highs on Wednesday.
Austan Goolsbee
S&P 500, Dow rise on boost from big bank earnings
The S&P 500 rose and the Dow hit a record high on Friday, driven by gains in major banks following third-quarter results.
Apple
Wall St mixed as tech stocks attempt recovery, financials drag
Wall Street’s main indexes were mixed on Wednesday, with technology stocks attempting to find a floor after recent selloff.
Bank of America
Big US banks expected to be cautious on shareholder payouts
Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks.
Epstein
JPMorgan Chase to pay $290m to settle with victims of Jeffrey Epstein
JPMorgan Chase has revealed that the company will pay around $290 million to settle a class action lawsuit with a woman who claims that the bank knowingly benefited from sexual abuse that she and others suffered from at the hands of Jeffrey Epstein.