Gold price forecast, Aug. 29, 2014: Buying gold during the late days of summer has proved to be a winning trade for most of the last two decades, according to Bloomberg.
July retail sales data released today (Wednesday) was flat, suggesting the U.S. economy’s third quarter will be weaker than expected.
Bank of America Corp. (NYSE: BAC) reported Q2 earnings this morning (Wednesday) that were dragged down by mounting litigation costs in addition to a decline in mortgage originations.
Wells Fargo & Co. (NYSE: WFC) kicked off second-quarter bank earnings season Friday morning. While the bank didn’t deliver any surprises, its numbers failed to impress.
Shares of the largest U.S. bank by market cap, up 28.5% since October, fell nearly 2% to $50.82 on brisk volume following the uninspiring report.
2014 Q2 Earnings Calendar: The unofficial start to earnings season launches today (Tuesday) with Alcoa Inc. (NYSE: AA) reporting second quarter numbers after the close.
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