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(Bloomberg) -- A rapid selloff in the high-flying momentum trade is wrecking the strategy’s staunchest bulls: Retail traders. Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump Rebuilds Tariffs With New Levies on 60 EconomiesAlphabet Falls as $205 Billion Spending Plan Fuels AI Cost FearA basket of 50 stocks favored by amateur invest

Many of the same factors have propelled big banks’ strong performance: a solid economic backdrop with low unemployment, corporate clients’ appetite for executing big deals, and lots of trading activity.

All three major US stock indexes were up in late-morning trading, as the big banks kicked off earnin

Bank of America CEO Brian Moynihan says a recession is not coming despite his firm predicting three Federal Reserve rate hikes and inflation through 2028.

Inflation is rising — but U.S. consumers seem to be shrugging it off. A key measure of price growth accelerated in May as surging oil prices pushed costs higher

FedEx Corp (NYSE:FDX, XETRA:FDX) shares fell on Wednesday following its latest earnings report, even as Bank of America said the company continues to show strong underlying earnings momentum, with the post-earnings decline driven more by reporting-transition complexity than by operational...

"The Fed was willing to look through the tariffs, but it is losing patience after the latest round of supply shocks."

Investing.com -- Bank of America has shifted its Federal Reserve outlook, now forecasting three interest rate hikes totaling 75 basis points this year before an extended pause, pushing any prospect of rate cuts well into the future.

The Federal Reserve's pivot to soften Basel III capital requirements marks a fundamental shift, loosening the regulatory noose that has constrained U.S. banks since 2008.

The U.S. economy might be stronger than it feels at this point. According to Seeking Alpha reporting, Bank of America strategist Michael Hartnett argues that the country is caught in a nominal “boom loop.” At the same time, he predicts U.S. GDP will climb nearly 75% from the pandemic low by 2027. ...