Citigroup – One America News Network

BofA expects Fed to deliver two cuts this year after soft jobs report

BofA Global Research on Friday forecast the U.S. Federal Reserve to deliver two 25 basis point cuts, in September and December, after a soft jobs report.

Law enforcement officers work near evidence markers placed where shell casings were found at the scene where the CEO of UnitedHealthcare Brian Thompson was shot and killed in Midtown Manhattan, in New York City, US, December 4, 2024.REUTERS/Shannon Stapleton/File Photo

US companies spending record amounts to protect executives as threats rise

Companies are spending record amounts to keep their executives safe in response to rising threats and the killings of two high-profile corporate officials in separate attacks in Manhattan.

NEW YORK, NEW YORK - JULY 15: Democratic socialist candidate Zohran Mamdani, who won the Democratic primary for mayor of New York City, speaks at an endorsement event from the union DC 37 on July 15, 2025, in New York City. Weeks after Mamdani won the Democratic primary for mayor, various wealthy interest groups have begun to mobilize against the 33-year-old state assemblyman. Mamdani has vowed to freeze rent hikes for a year, make buses free, and increase taxes on wealthy New Yorkers. Former Gov. Andrew Cuomo announced Monday that he will continue his run for New York City mayor after losing to Zohran Mamdani in last month's Democratic primary. (Photo by Spencer Platt/Getty Images)

NYC banking CEOs snub meeting with ‘Marxist’ mayoral candidate Zohran Mamdani

Numerous banking CEOs and Wall Street titans, including JPMorgan CEO Jamie Dimon, reportedly snubbed meetings with Democrat New York City mayoral candidate Zohran Mamdani.

Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S., September 3, 2021. REUTERS/Andrew Kelly/File Photo

US weekly jobless claims fall to 11-month low as labor market remains stable

The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market.

SAN ANSELMO, CALIFORNIA - FEBRUARY 07: In this photo illustration, Visa credit cards are displayed on February 07, 2024 in San Anselmo, California. According to a report by the Federal Reserve Bank of New York, credit card debt in the United States has reached $1.13 trillion. (Photo Illustration by Justin Sullivan/Getty Images)

Credit Card Defaults At Highest Level Since Great Recession In 2008

According to the Financial Times, U.S. credit card defaults increased to their highest level since the start of the 2008 Great Recession, which is a telling sign that lower-income Americans are struggling after dealing with years of high inflation.

A trader works on the trading floor at The New York Stock Exchange (NYSE) following the Federal Reserve rate announcement, in New York City, U.S., September 18, 2024. REUTERS/Andrew Kelly

Wall St jumps with tech stocks in the lead after Fed kicks off easing cycle

Wall Street rallied on Thursday with the S&P 500 hitting another intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction.