November 13, 20240 Comments

Bank CEOs express confidence in deals, consumer finances By Reuters

By Tatiana Bautzer and Nupur Anand NEW YORK (Reuters) – U.S. bank CEOs expressed confidence in the dealmaking outlook and the health of U.S. consumers at an industry conference in New York on Wednesday. Bank of America’s buildup of advisory work on upcoming mergers and acquisitions is strong, while its pipelines for initial public offerings “are full and ready to go,” CEO Brian Moynihan told attendees. Meanwhile, KeyCorp (NYSE:) CEO

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November 8, 20240 Comments

Consumer confidence surges as election nears; job openings move lower

Consumers grew more optimistic about the U.S. economy heading into the contentious presidential election even as job openings hit multi-year lows, according to separate reports released Tuesday. The Conference Board’s consumer confidence index for October rose more than 11% to a reading of 138, its biggest one-month acceleration since March 2021. Along with that, the board’s expectations index of future conditions jumped nearly 8%, to a reading of 89.1 that

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