Markets

Apple is now worth more than the entire US energy sector: BAML

Apple’s post-earnings surge pushed its market cap past that of the entire US energy sector, Bank of America Merrill Lynch analysts wrote Thursday. The tech giant closed Thursday with a $US1.17 trillion market cap, while the S&P 500 Energy index’s market cap dropped to a cumulative $US1.13 trillion. The analysts […]
Apple is now worth more than the entire US energy sector: BAML
Markets

BANK OF AMERICA: Here are 3 reasons US consumers are likely to spend less going forward, derailing one of the economy’s few bright spots

Consumer spending remains strong despite recession warnings and global economic slowdown, but Bank of America Merrill Lynch found a collection of negative signals that could drag on spending behaviour. Slowed spending can incite a recessionary cycle by hitting company profits and prompting job cuts. The team highlighted non-mortgage debt, slowing […]
BANK OF AMERICA: Here are 3 reasons US consumers are likely to spend less going forward, derailing one of the economy’s few bright spots