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21 minutes ago
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Bank Of America Feels Economy May Grow 1% to 1.5% With No Recession
Bank of America's boss Brian Moynihan is pretty upbeat, telling CNBC you shouldn't brace for a recession because he expects U.S. growth of 1%1.5% this year. He also says the Fed won't cut rates until 2026, even though Liberation Day tariffs briefly slowed spending in May. Consumers snapped back, with card, check, ATM and digital payments up 5% in July 2025 vs July 2024, according to BofA data. Warning! GuruFocus has detected 5 Warning Sign with IST:ISCTR. Moynihan adds that credit quality is strong and borrowers still have room to take on debt. On the labor front, he notes 4.2% unemployment sits below most full-employment estimates, so future job gains will be limited by available workers rather than weak demand. If consumers keep this up and the job market stays tight, we could see a year without rate cuts and no will be eyeing the Fed's December meeting for any hint of a policy shift. This article first appeared on GuruFocus. Sign in to access your portfolio
Los Angeles Times
22 minutes ago
- Los Angeles Times
Apple to commit another $100 billion for U.S. manufacturing, White House says
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Business Wire
22 minutes ago
- Business Wire
Northern Trust Leaders to Participate in Barclays Global Financial Services Conference on September 9 th
CHICAGO--(BUSINESS WIRE)--Northern Trust Corporation announced today that Chief Financial Officer David Fox and Chief Operating Officer Peter Cherecwich will participate in the Barclays Global Financial Services Conference in New York City on Tuesday, September 9, 2025, at 4:15 p.m. (ET). A live webcast of the event may be accessed via Northern Trust's website ( in the investor relations section. A replay will be available for approximately four weeks after the session date. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2025, Northern Trust had assets under custody/administration of US$18.1 trillion, and assets under management of US$1.7 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn. Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at
