investing

Why Walmart is cutting prices on certain items

Premarket stocks: Rich people are worried about spending. That’s bad news

What’s happening: The Conference Board’s consumer confidence index for August, scheduled for release later today, is expected to increase by 1.8 points to 97.5, according to Goldman Sachs analysts. That comes after three consecutive months of declines. Meanwhile, the final results of the University of Michigan’s consumer sentiment survey this month showed a big surge …

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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 …

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