Search investingLive
Home
Bank of America CEO says US consumer spending is up 10% in October

Bank of America CEO says US consumer spending is up 10% in October

News
Eamonn Sheridan
12/10/2022 | 20:45 GMT

Bank Of America's CEO Moynihan

  • US consumer credit quality is the highest its ever been
  • US consumer spending is up 10% in October
  • the issue of oil supply and shipping is a source of concern
  • markets can survive, we have enough capital in the system

Most Popular

Best in 2026

Sponsored

General Risk Warning
Best Prop Firm in 2026: Detailed Comparison
Best Forex Brokers in 2026: Detailed Comparison
investingLive Premium
Telegram Community
Gain Access
View more

GOOGL's 27 P/E & AMZN's 30 P/E look attractive amid AI growth & massive capex, despite steady rates.

Motley Fool
6m ago

EV charging firms face 38,000% energy bill hikes, threatening price rises & impacting valuations.

Telegraph
11m ago

Recession odds rise to 30-49% as S&P CAPE nears 40 & Buffett indicator hits 213%. Buy dips!

Motley Fool
15m ago

S&P 500 ETFs beat pros with low fees (0.03%) & 282% 10-yr return. AI tech firm also eyed.

Motley Fool
28m ago

CoolIT sale nets employees $240K avg payout, 18x valuation jump. AI boom fuels massive returns.

Fortune
46m ago

Millions traded on oil minutes before Trump's Iran policy reversal. Insider trading concerns rise.

Independent
50m ago

Micron (MU) trades cheap at 4x earnings, but TSMC (TSM) offers better long-term growth at 24x earnings.

Motley Fool
55m ago
investingLive Premium
Telegram Community
Gain Access

Best in 2026

Sponsored

General Risk Warning
Best Prop Firm in 2026: Detailed Comparison
Best Forex Brokers in 2026: Detailed Comparison

Must Read

Follow Us

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions.

Advisory warning: investingLive is not an investment advisor, investingLive provides references and links to selected news, blogs and other sources of economic and market information for informational purposes and as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and investingLive specifically hereby acknowledges clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided on an "as-is" basis as a general market commentary and does not constitute investment or trading advice, and we do not purport to present the entire relevant or available public information with respect to a specific market or security. investingLive expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information, or with respect to any of the content presented within its website, nor its editorial choices.

Disclaimer: investingLive may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

© 2026 Finance Magnates CY Limited — Part of Ultimate Group

Read our Terms, Cookies and Privacy Notice

Manage Cookies
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}