As Bank of America released its first quarter report, major banks have completed their first quarter earnings disclosure. Wall Street financial giants had mixed performances.
Bank of America's earnings took a hit in the first quarter as it faced a softer consumer banking sector and increased loan charge-offs, particularly in the credit card segment. The banking giant reported a profit of $6.7 bill...

In recent months, strong U.S. employment and inflation data have delayed expectations of a rate cut by the Federal Reserve, pushing U.S. bond prices down and interest rates continuing to soar. As of the last trading day, the 20-year Treasury bond yield reached 4.792%, and the 30-year Treasury bond yield reached 4.668%.
The Treasury Department's latest bond buyback plan has sparked discussion about whether it could bolste...

Major banks, including JP Morgan, Citigroup, and Wells Fargo, will release their quarterly reports this week. The Federal Reserve's H.8 table shows that in the first quarter of 2024, the balance sheet of the U.S. banking industry accelerated its expansion, likely contribute to an increase in bank profits, especially in a high interest rate environment.
■ How is the growth of deposits?
The Fed's stats sho...

The US March CPI data will be released by the Bureau of Labor Statistics at 8:30 ET on April 10th. As Fed Chair Jerome Powell highlighted in his April 3 speech, the disinflation process is bumpy. March CPI report is likely to illustrate that point.
U.S. CPI is expected to rise from 3.2% to 3.4% in March, while core CPI falls to 3.7% from 3.8%. CPI energy continued to rise year-on-year, and Brent crude oil futures prices re...

As this round of interest rate hikes comes to an end, the United States has reached a crossroads again. Should it fall into the great stagflation similar to those after 1973, or continue the information revolution as it did after 1995, with its opponents falling into recession one by one? Crude oil has once again become an important influencing factor. By comparing historical experiences, it can be found that the risk of ...

The Bureau of Economic Analysis will release the Personal Consumption Expenditure stats and the price index at 8:30 ET on Friday.The PCE deflator is expected to rise slightly from 2.4% to 2.5%, and the core PCE price index is expected to remain at 2.8%.
The CPI released earlier this month showed that energy prices increased by 2.3% month-on-month in February, which is an important factor in t...

Bitcoin surpasses silver to rank as the eighth most valuable property globally as it advances in the rankings of the most valuable assets by market capitalization.
Earlier on Monday, Bitcoin's valuation surged to $1.42T, surpassing that of sliver at $1.387T, with a 4% increase to an all-time high beyond $72,000 and has now notched six straight days of gains, according to CompaniesMarketCap.
A record $2.7 billion flowed into crypto assets ...

The US February CPI data will be released by the Bureau of Labor Statistics at 8:30 ET on Mar. 12th. Economists polled by Bloomberg estimate that CPI in February remained at 3.1% year-on-year. Core CPI is expected to increase by 3.7% (vs. the previous value of 3.9%).
■ Energy prices could be one of the main factors behind the rise in headline CPI
Energy prices trended higher in February as WTI crude o...