Bank of America clients are shelling out far more and which is supporting U.S. work, CEO claims

Key Factors

The bank’s prospects boosted expending by 8% in the first 3 months of this yr compared with the year-earlier period, Moynihan stated on Tuesday.
“They are spending on factors frankly which drive work, this means they are spending on encounters at amusement parks and theaters or places to eat or outside the house concert events,” Moynihan said.
Moynihan reiterated that his bank’s economists see a mild recession in the next 50 % of this year.

Supply

Finance

Airlines to save big money on fuel as new weight loss pills gain popularity, Wall Street says

January 14, 2026

Celsopupo | Istock | Getty Images Wall Street is finding an unexpected beneficiary of America’s weight loss boom: airlines. With the first GLP-1 weight loss drug now available in pill form, analysts at Jefferies say broad adoption across society could quietly lower fuel bills — airlines’ single largest cost — and lift earnings for the […]

Finance

Stocks making the biggest moves midday: Biogen, Rivian, Bank of America, Airbnb & more

January 14, 2026

Check out the companies making headlines in midday trading. Biogen — The biotech’s stock tumbled more than 4% after the company warned it would need to take a $222 million pretax charge in the fourth quarter. The company said the charge, which includes research-and-development expenses and milestone payments, will lower its net income by about […]

Finance

Sen. Warren says Trump called her to work on credit card interest rate caps

January 14, 2026

Key Points Sen. Elizabeth Warren, D-Mass., told CNBC that President Donald Trump reached out on Monday to discuss capping interest rates on credit cards. The president called Warren, the Senate Banking Committee ranking member, after she made a speech on how Democrats can win the 2026 midterm elections. Republicans on Capitol Hill have lightly thrown […]