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Bank of America reportedly faces a $1.2 billion penalty over anti-money-laundering and sanctions-compliance failures, although key enforcement details remain unconfirmed.
China’s reported export growth reflects rising global demand for AI infrastructure, electronics and industrial equipment, but sustainability remains uncertain.
The IMF says Scott Bessent’s growth strategy could improve U.S. finances but will not contain the deficit and national debt without spending and revenue reforms.
Morgan Stanley exceeded analysts’ estimates after equities-trading revenue surpassed expectations by $909 million, though key earnings details remain unavailable.
Reports suggest major Galaxy Watch 9 upgrades, a more capable Ultra 2, browser improvements, and possible 5G connectivity. Key details remain unconfirmed.