🔥 BULLISH: Bank of America says investor bullishness has reached its highest level since 2021, signaling it may be time to reduce exposure to risk assets. https://t.co/A9HPZXKUjE ...

Exclusive: Mamdani’s administration is asking a former top executive for UBS, an ex-global head of investment banking at Lazard and Bank of America’s NYC president to be among the business leaders joining his administration’s advisory council https://t.co/xibunqeq9J ...

This summer, I've adopted a new ritual. When I wake up in the morning, I brush my teeth, wash my face, and then I log into the Duncan app to buy a $10 digital gift card. It's really important that I do this every single day, or else I'm leaving money on the table in pays credits.What's pays, you ask. Well, it's the big bank's answer to Apple Pay, PayPal, and Google Pay. It was introduced a few years ago by the owners of Zel, but it hasn't really caught on because it wasn't really accepted anywhere.That's wh ...

Investor bullishness has become so extreme that it’s time to start reducing exposure to risky assets, according to Bank of America strategists https://t.co/F4skmrNB0H ...

Bank of America’s co-head of investment banking, Mike Joo, is leaving the firm to pursue an external opportunity, just one year after assuming the role https://t.co/4L9jOkGHDd ...

🚨 JUST IN: Bank of America says lower-income U.S. workers are now seeing faster job and wage growth than higher-income earners, signaling a shift beyond the “K-shaped” economy. https://t.co/Bijm0ffNQK ...

Monetary Policy and Market Trends - Federal Reserve Chairman Kevin Warsh indicated a willingness to raise interest rates in September if inflation readings come in hot [1][10] - The 30-year bond yield reached 5.28%, a level not seen since 2007, while the 10-year yield reached 4.74% [5][6] - The 30-year term premium spiked to its highest level since 2013 amid market uncertainty regarding Federal Reserve communications [15][17] Corporate Debt and AI Infrastructure Financing - Alphabet drew $115 billion in demand for an investment-grade bond sale initially planned to raise up to $25 billion [2][53] - Blackstone held early discussions with investors to pitch a potential $36 billion private credit financing package to help Anthropic build out AI infrastructure [45][46] - Quanta Services sold notes in three tranches amounting to $2 billion following a 41% year-over-year rise in quarterly revenue [54][55] Banking and Sector Dynamics - Financial institutions experienced high profitability and positive earnings revisions, while banking bond issuance dropped to less than 1/3 of total supply [75][76] - High-yield bond default rates reached 2.8%, with 29 defaults totaling $36 billion recorded so far, representing a 15% increase compared to the previous year [78][79] Economic Indicators and Fiscal Policy - The U.S. and Japan engaged in a joint currency intervention to support the yen for the first time in 15 years, involving U.S. Treasury sales [33][36] - Nonfarm payroll forecasts for July stood at 82,000, with the expected unemployment rate remaining unchanged at 4.2% [94]