Bank of America’s CEO drops an unexpected view on the economy

Bank of America’s CEO drops an unexpected view on the economy

It’s no secret that tariffs, trade wars, and talk of recession have dominated the economic conversation over the past year. Heading into 2026, however, The CEO of Bank of America don’t panic. In an interview on CBS News’ “Face the Nation with Margaret Brennan,” Brian Moynihan made a much quieter, counterintuitive argument that tariff-induced shock … Read more

The 62-year-old retail chain is quietly closing stores in the US

The 62-year-old retail chain is quietly closing stores in the US

The rapid growth of online shopping has significantly reshaped consumer behavior, offering shoppers more convenience and accessibility than ever before. As e-commerce continues to expand, brick-and-mortar retail stores are slowly disappearing, moving toward a future where brick-and-mortar locations are no longer as essential. Economic uncertainty has only accelerated this change. Prudent consumer spending has weakened … Read more

Bankrupt 64-year-old retailer faces millions in unpaid debt

Bankrupt 64-year-old retailer faces millions in unpaid debt

Running a business is challenging, even under the best of circumstances. In today’s uncertain economy, marked by slowing consumer spending and changing retail habits, it becomes even tougher. For a retail chain, the difficulty has been compounded by years of financial strain, two Chapter 11 bankruptcies and hundreds of store closings nationwide. Once an iconic … Read more

Wealthy Americans are moving cash out of checking and savings accounts. Here’s what they do with it

Wealthy Americans are moving cash out of checking and savings accounts. Here’s what they do with it

Rawpixel/Envato Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. Consumer confidence fell sharply in November, falling to its lowest point since April, when concern about President Trump’s tariffs fueled economic anxiety (1). Possibly as a result, the Americans pulled back on spending. A delayed report from the … Read more

Safest Dividend ETF for a Recession — Based on 30 years of market data

Safest Dividend ETF for a Recession — Based on 30 years of market data

Any investor can make money during the good times when the market is rolling. But making money, or simply not losing money, during periods of inactivity is what sets the best investors apart. Investors need to think long-term about the entire business cycle when choosing stocks or exchange-traded funds (ETFs), because one bad year can … Read more