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'A Resilient American Economy': 3 Takeaways From Big Bank Earnings

by The Wealth Advisor Contributor
(Yahoo! Finance) - Wall Street is still roaring as Main Street is hanging tough.The nation's biggest banks just reported first quarter earnings, with Bank of America (BAC) and Morgan Stanley (MS) on Wednesday cementing a profit boost across the nation's largest banks.

Featured

New York Fed President Says Iran War Could Pressure Inflation Higher While Dampening Economic Growth

New York Federal Reserve President John Williams emphasized that escalating geopolitical tensions in the Middle East are introducing meaningful downside and upside risks to the U.S.

HIVE Digital Announces Upsizing And Pricing Of Private Offering Of US$100 Million Of 0% Exchangeable Senior Notes Due 2031

(HIVE Digital Technologies Ltd.) - (TSX.V: HIVE) (Nasdaq: HIVE) (BVC: HIVECO) (the “Company” or “HIVE”), a global leader in sustainable digital infrastructure and AI compute, today announced the pricing of US$100 million aggrega

The AI Trade Nobody’s Talking About: Pacer ETFs’ USAI Targets the Energy Behind the Buildout

Sean O’Hara has been talking about artificial intelligence infrastructure longer than most advisors have bee

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Advisor Wellness

Wall Street Regulator Approves Tougher Rules For Accounting 'Negligence'

Wall Street's top regulator voted 3-2 to new rules making it easier for an audit watchdog to hold people responsible for audit firms' violations.

FundFocus

S&P 500 To End 2024 Near Current Level, Suggests AI Rally Fizzling Out

The S&P 500 will trade near current record levels at year-end, according to a Reuters poll of market strategists.

Economy

Citi Says Hedge Funds Are Using Dollars for New Carry Trades

Citigroup Inc. says the carry trade is back, but with a key difference: hedge funds are borrowing US dollars rather than the yen for their wagers.

Washington Wire

Trump’s Suggestion Of 20% Tariffs Elevates Trade Issues Again In The 2024 Campaign

The impact of a 10% to 20% tariff on America's trading partners floated by Donald Trump has raised trade issues anew on the 2024 campaign trail.

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Charles Schwab Accelerates AI Strategy

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Allbirds Stock Soars Nearly 600% As The Shoemaker Rebrands As An AI Company

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JPMorgan CEO Jamie Dimon Downplays Private Credit Concerns: 'Not Particularly Worried'

The Trust Advisor

David Geffen Settles His Divorce From Donovan Michaels

Washington Wire

Federal Prosecutors Made An Unexpected Visit At The Fed's Headquarters This Week

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