Those with premium cards, defined as having an annual fee of at least $250, were an anomaly, Bank of America's research said.

A new report from Bank of America is showing signs of slowing consumer spending with people stocking up in anticipation of ...

U.S. consumer spending held steady in May, with average credit and debit card purchases per household rising just 0.8% from ...

US consumers across all income levels cut their spending on lodging and airlines in the year to May, compared with the same ...

Consumer spending has been flat in May, Bank of America credit card data shows. Forecasters say slower spending is another factor boosting the odds of a recession in 2025. Fears of higher prices ...

Spending on airlines and lodging has fallen across all income levels compared with the previous year, Bank of America ...

Bank of America’s chief executive, Brian Moynihan, said consumers are still spending despite polls that show people are worried about the economy. “The economy is still growing and our ...

SINGAPORE] While headwinds persist for the Chinese economy and consumer confidence stays low, a select range of stocks could defy broader market trends and outperform their peers, said the Bank of ...

The federal government now spends more on servicing its debt than it does on defense. The GOP's new tax bill could ratchet ...

Small businesses are essential to the ongoing prosperity of the United States, but they are not well served by the country's ...