Tag
#Bank of America
Moonshot AI’s Kimi K3 forces a rethink on AI valuations
Moonshot AI Kimi K3 jolted AI-linked shares by challenging the idea that only U.S. labs can command frontier-model pricing.
Bank of America names new crypto and AI leaders
Bank of America named Sonali Theisen and Kevin Milsom to run digital-assets and AI work in markets, formalizing both as bank infrastructure.
Bank of America Q2 earnings beat, but stock slips 1%
Bank of America Q2 earnings topped expectations with EPS of $1.21 and revenue of $31.6 billion, but shares slipped 1% before the open.
JPMorgan (JPM) Q2 earnings beat as trading revenue surges
JPMorgan Q2 earnings showed EPS of $7.70 on $57.35 billion of revenue, a higher NII outlook and a 1.9 per cent premarket share drop.
BofA extends first $520 million loan to OpenAI ahead of IPO, source says
Bank of America’s $520 million credit line to OpenAI shows banks already jockeying for AI IPO roles ahead of a potential listing.
SpaceX's IPO gives Wall Street banks an earnings tailwind
Bank earnings on July 14 may get a lift from 15 per cent market-revenue growth, stronger trading and fees tied to SpaceX's IPO.
Mubadala opens $25bn credit arm to outside investors
Mubadala opens a $25 billion credit arm to outside investors, adding $4.65 billion to a push into private lending as demand holds.
SK Hynix weighs 0.5% fee payout in planned US ADR sale
SK Hynix is considering paying banks about 0.5 per cent of proceeds in a planned US ADR sale, underscoring robust investor appetite for AI-memory exposure, according to Bloomberg and Reuters.
China factory PMI rises to 50.3 as export demand leads
China factory PMI rose to 50.3 in June as AI-linked export demand kept manufacturing expanding, while domestic demand stayed soft.
Merrill Lynch SEC fine: BofA (BAC) unit fined $7.5M
Merrill Lynch SEC fine totals $7.5 million after the regulator said the Bank of America unit failed to file required suspicious-activity reports.
Wall Street cuts euro rally bets as the Fed trade returns
Euro forecast 2026 turns less bullish as Fed hike bets outlast the ECB, pulling Wall Street toward a $1.10 target and back into the dollar trade.
Hong Kong dollar hits 10-month low as Fed bets buoy greenback
Hong Kong dollar hit HK$7.8417, its weakest in 10 months, as Fed hike bets widened the rate gap and pushed the peg toward its weak-side limit.
SpaceX bond sale 2026: $25bn deal draws $89bn orders
SpaceX drew about $89 billion of orders for a $25 billion post-IPO bond sale, offering a first hard read on how credit investors price its AI-and-space buildout.
Fed quiet-period scrutiny grows after Bowman's BofA dinner
Fed quiet period scrutiny intensified after Michelle Bowman spoke at a Bank of America client dinner, raising fresh private-access questions.
Tokenized deposits: big banks race stablecoins in 2026
Tokenized deposits are becoming Wall Street's stablecoin defense as JPMorgan, Citi and Bank of America build shared rails for 2027.
US regulators clear large-bank living wills after 2024 flaws
The Federal Reserve and FDIC found no shortcomings in 64 living-will plans, saying the biggest banks had fixed previously flagged resolution weaknesses.
India earnings rebound becomes a commodity-cost stress test
India earnings outlook is darkening as oil, steel and food costs rise, threatening margins, valuations and foreign investor confidence.
Consumer inflation expectations complicate Warsh's Fed
Consumer inflation expectations are rising just as Kevin Warsh takes over, making Fed rate cuts harder even if the oil shock fades.
AI capex is spilling into Wall Street's credit plumbing
Hyperscaler debt is forcing banks to buy more CDS protection as AI borrowing stretches credit limits and redraws Wall Street's risk plumbing.
Target (TGT) earnings: 4% sales outlook tests rebound
Target earnings showed 5.6 per cent comparable-sales growth and a 4 per cent sales outlook, sharpening the market's read on shoppers and the turnaround.
Perli says Fed rate control can absorb lower reserves
Fed reserve demand is back in focus after Roberto Perli said the New York Fed can keep rates on target even as reserves drift lower and cuts recede.
US debt milestone matters more as higher yields lift financing costs
Crossing 100 per cent of GDP is a useful hook, but the sharper macro question is how higher yields, stickier inflation and slower growth are lifting Washington's financing bill.
Markets price Fed hike by January after hot inflation
Traders shifted from betting on Fed cuts to pricing a 60 per cent chance of a 25-basis-point hike by January after hotter inflation forecasts and rising Treasury yields.
Fed transition uncertainty deepens as Trump nominees resist Powell stopgap role
Resistance to Jerome Powell serving briefly as chair pro tempore leaves investors weighing a messy handoff to Kevin Warsh just as futures markets start to price a fresh Fed hike.
U.S. inflation forecast jumps to 6% as traders harden Fed bets
Economists now see U.S. inflation near 6 per cent in the second quarter, pushing Treasury yields higher and lifting bets on a tougher Fed path.