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US business lending hit $2.93 trillion, up 10% year over year, the fastest since March 2023. Bank of America says AI capex is behind it.
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Nine of 11 sectors are higher in Friday’s regular session, with cyclical sectors holding the top three positions. The leaders are separated rather than clustered, with no single gap clearly standing apart from the other breaks across the table.
Warren calls Bank of America's $1.2 Billion AML penalty a slap on the wrist, urging tougher sanctions and a criminal probe as earnings fall.
Fidelity MSCI Financials Index ETF (FNCL) outperforms State Street SPDR S&P Regional Banking ETF (KRE) with lower fees (0.08% vs 0.35%), broader diversification across 404 holdings, and superior 5-year returns (52% vs 14%). However, KRE offers higher dividend yield (2.3% vs 1.7%) for income-focused investors willing to accept concentrated regional banking exposure and higher volatility.
Robotics remains in its Lego era as developers work to improve simulation, safety standards and hardware despite rising investment.
Nvidia CEO Jensen Huang reveals how repeated calls and a personal letter to TSMC founder Morris Chang forged a decades-long partnership.