Economy & Policy

The Rich Keep on Shopping. Here's What They're Buying.

The Rich Keep on Shopping. Here’s What They’re Buying.

When the going gets tough, the tough go shopping. That sentiment has long underpinned U.S. fiscal might, as consumer spending has fueled growth for decades and remains the major driver of the nation’s gross domestic product. No wonder then that the financial health of shoppers is in sharp focus now, amid the Federal Reserve‘s bid …

The Rich Keep on Shopping. Here’s What They’re Buying. Read More »

Bank of America Can Shine in a Lousy Economy

Bank of America Can Shine in a Lousy Economy

Bank of America’s results should be “respectable” in the face of a weakening economy, one analyst says. Photo via Smith Collection/Gado/Getty Images Text size In an ever-challenging macroeconomic environment, Bank of America should produce “respectable” results. At least, that is the summation of Credit Suisse analyst Susan Roth Katzke, who met with Bank of America …

Bank of America Can Shine in a Lousy Economy Read More »