Bank of America Chair and CEO Brian Moynihan discusses the state of the US consumer, Federal Reserve monetary policy and the bank's second-quarter earnings. Speaking with David Westin on Bloomberg Television, Moynihan also discusses the bank's utilization of artificial intelligence. Bank of America's traders posted a record second quarter as revenue from fixed income, currencies and commodities trading jumped 19% to $3.25 billion in the three months through June. Sign up for the Economics Daily newsletter t ...

If I was to ask you what makes a good cup of coffee, there'll be many of you that know exactly what kind of beans you like, where those beans are grown, even at what elevation. There may even be people watching that know what kind of marijuana leaves they like and how they like those marijuana leaves to be cultivated. Now, let me ask you the same thing about a cup of tea.What makes an amazing cup of tea. Shortcut to the answer. It takes two leaves and a bud.But before I get into that, let me explain what br ...

Key Takeaways SFM expects 12%-14% sales growth in 2025, supported by store expansion and private-label traction. Target cut its 2025 EPS forecast amid weak demand, falling traffic and lower-than-expected Q1 results. SFM shares are up 27.4% YTD against TGT's 29.6% drop, with stronger earnings estimates and margin resilience.Sprouts Farmers Market, Inc. (SFM) and Target Corporation (TGT) may differ in scale and strategy, but both are key players in the retail landscape. SFM, with a market capitalization of ...

Josh, the Bank of America global fund manager survey calls sentiment at a Goldilocks bull level. They say the trade war and recession fears have abated. The cash levels have dropped to 4.2% was 4.8% in April.Maybe there's a little more buy into this story, feeling like it's gotten a little better. The thing to understand about the global portfolio survey is that these are people whose livelihoods depend on them not missing out on massive rallies. So, it's okay to have more cash when the president of the Uni ...