Bank of America topped estimates for first-quarter profit as interest income grew and volatile markets helped its stock traders rake in a record haul.
Read More BofA stock surges after boosting profit on trading gains, interest income
Tag: recession fears
US economy grows 5.2% in third quarter; higher interest rates sapping momentum
The U.S. economy grew faster than initially thought in the third quarter, but momentum appears to have since waned.
Read More US economy grows 5.2% in third quarter; higher interest rates sapping momentum
Big investors say US markets rally could prove short-lived
The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big money managers.
Read More Big investors say US markets rally could prove short-lived