Bank of America

Economics

US Tariffs Chew a Hole in Retailers’ (and Shoppers’) Christmas Stockings

Photo illustration by Connor Lin / The Daily Upside, Photos by Sabelskaya and Gyzele via iStock

The US has basically imposed tariffs on Christmas this year: Trees, ornaments and even gifts. Now, both shoppers and sellers feel Grinchy.

6 min read

Photo via Avalon/Newscom

Banking

Investor Summit Gives Bank of America a Chance to Soothe Angsty Investors

Compared its peers, BofA has lagged in expanding into less traditional activities such as wealth management, credit cards and loan growth.

2 min read
Photo by Danielvfung via iStock

Advisor Upside

JPMorgan Tokenizes PE Fund on In-house Blockchain

The move comes before the bank’s full rollout of its tokenization platform next year.

1 min read
Photo by Ceri Breeze via iStock

Banking

Upbeat Regional Bank Earnings Calm Fears of ‘Cockroach’ Loan Infestation

Disclosures by two regional lenders last week set off a mini-panic about bad loans on the books of small and medium cap banks.

2 min read

Advisor Upside

Wealth and Asset Units for BlackRock, Goldman and More Shine in Q3

Photo by Bradley Andrews via Unsplash

Pretty much all of Wall Street reported another quarter of stellar earnings this week.

2 min read

Finance

New York Accuses Bank-Backed Zelle of $1 Billion Security Bungle

Photo via Rubaitul Azad

Zelle was launched in 2017 as an alternative to peer-to-peer payment platforms like PayPal and its subsidiary Venmo.

2 min read

Photo via Milo Hess/ZUMAPRESS/Newscom

Blockchain

How Stablecoins Are Squaring the Circle a Month After GENIUS Act’s Passage

Stablecoins are seen as a lower-risk entry point into crypto because their value is tied to another asset, usually the US dollar.

2 min read
Photo by Andrea Natali via Unsplash

ETF Upside

Rich Investors Eschew Financial Advice, Trade ETFs Frequently

Wealthier people are less likely to value financial advice, but there are consequences to trading ETFs outside of advisory relationships.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photos by Hammad Khan via iStock and Chris Kleponis/ZUMAPRESS/Newscom

Blockchain

Stablecoins Are Here to Stay. Who Stands to Gain From Them?

Companies that have been waiting on the crypto sidelines are likely about to jump in the game following the passage of the GENIUS Act.

4 min read

Banking

Inflation Data and Bank Earnings Kick Off a Crucial Test for Markets

Photo by Aditya Vyas via Unsplash

The big US banks bested Q1 earnings expectations, and many observers expect big boosts to their Q2 trading desk revenues.

2 min read

Photo by Yusuf Miah via Pexels

Banking

HSBC Waves Caution Flag for Wall Street Giants

The bank downgraded JPMorgan, Goldman Sachs, and Bank of America, citing a classic case of macroeconomic uncertainty.

2 min read
Photo via John Angelillo/UPI/Newscom

Markets

Improving S&P 500 Outlook Signals Revival of TINA Trade

The TINA trade has hit some snags in recent years, with bonds looking like a pretty swell alternative in an era of high interest rates.

2 min read
Photo via Kris Tripplaar/Sipa USA/Newscom

Blockchain

Fiserv Connecting Thousands of Banks to Crypto with New Stablecoin Platform

Financial institutions are racing to get into stablecoins as the Genius Act makes its way toward POTUS Trump’s desk.

2 min read

Sign Up for The Daily Upside to Unlock This Article

Sharp news & analysis on finance, economics, and investing.