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Economy

BofA CEO Moynihan says US economy headed for soft landing

Bank of America Chairman and CEO Brian Moynihan testifies before a Senate Banking, Housing, and Urban Affairs hearing on "Annual Oversight of the Nation's Largest Banks", on Capitol Hill in Washington, U.S., September 22, 2022. REUTERS/Evelyn Hockstein/ File Photo Acquire Licensing RightsNEW YORK, Nov 8 (Reuters) - Bank of America (BAC.N) CEO Brian Moynihan said on Wednesday he expects a soft landing for the U.S. economy as consumer spending and commercial borrowing slow."Our research team is the best in the business and they have moved to the soft landing category....
Funds

US Senate Democrats block Republican bid to aid Israel, not Ukraine

The U.S. Capitol Building is seen in Washington, U.S., August 15, 2023. REUTERS/Kevin Wurm/File Photo Acquire Licensing RightsWASHINGTON, Nov 7 (Reuters) - U.S. Senate Democrats on Tuesday blocked a Republican effort to win quick approval for a bill providing emergency aid to Israel that passed the House of Representatives last week, but that provides no assistance for Ukraine's war against Russia.Republican Senator Roger Marshall said: "Time is of the essence and it's imperative that the Senate not delay delivering this crucial aid to Israel another day," he said.Democrats objected, stressing...
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