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Consumers Pared Back Spending Last Month, Exhausted After Amazon's 'Prime Day'

Consumers Pared Back Spending Last Month, Exhausted After Amazon's 'Prime Day'

After robust retail sales in July, thanks to Amazon's Prime Day event and discounts from competing stores, consumers probably reined in their spending in August, Bank of America says in a new report, citing its own database of credit-card and debit-card lending.

Market Movers: September FOMC Meeting

Market Movers: September FOMC Meeting

The market has high expectations for a September rate cut. Is now the right time?

Your Need to Know - Goodbye Summer Driving Season

Your Need to Know - Goodbye Summer Driving Season

As the summer driving season comes to a close, energy markets are absorbing the latest EIA data.

Charles Schwab Shares Rise as Financial Giant Confirms Hundreds of Job Cuts

Charles Schwab Shares Rise as Financial Giant Confirms Hundreds of Job Cuts

Citing an 'increasingly challenging economic environment,' Charles Schwab says the cuts come after an internal review launched in the spring.

Here's How I View the Charts and Indicators of Mastercard

Here's How I View the Charts and Indicators of Mastercard

Let's see if this recent dip was a non-event or the start of something else.

U.S. Mortgage Boom Resumes as Interest Rates Fall to 3-Year Low

U.S. Mortgage Boom Resumes as Interest Rates Fall to 3-Year Low

Applications for new home loans increased by 2% last week, as the average fixed interest rate on a 30-year conventional mortgage rate fell to a three-year low, the Mortgage Bankers Association says.

Gemini, the Winklevoss Twins' Crypto Exchange, Has Built a Better Bitcoin Vault

Gemini, the Winklevoss Twins' Crypto Exchange, Has Built a Better Bitcoin Vault

The race is on among a handful of boutique financial firms and cryptocurrency exchanges trying to establish dominance in the business of custody - the safekeeping of assets, similar to the way a bank holds cash and electronic deposits.

Citi Expects Q3 Fixed-Income, Equity Trading Revenue to Drop: Report

Citi Expects Q3 Fixed-Income, Equity Trading Revenue to Drop: Report

Markets were roiled by U.S.-China trade tensions and Brexit, among other factors.

First Defiance to Acquire Ohio Peer, United Community, for $473 Million of Stock

First Defiance to Acquire Ohio Peer, United Community, for $473 Million of Stock

First Defiance agrees to pay 0.3715 share for each of United Community's shares.

How Deeply Will the Fed Cut? Bank of America, Initially a Skeptic, Goes All In

How Deeply Will the Fed Cut? Bank of America, Initially a Skeptic, Goes All In

In early July, economists with Bank of America argued that the U.S. economy was strong enough that the Federal Reserve didn't need to cut interest rates. A week later, they backtracked and joined the consensus betting on a July rate cut, which happened. Now, the bank's economists are predicting three more cuts before the year is out.