The consumer price index (CPI), a main gauge of inflation, softened to a 2.3-percent year-on-year growth in June, triggering concerns of broader monetary policy easing as a whole-year outlook points to a soft inflation rate.
The room’s getting crowded, the party’s been going on a while but more people could arrive. Just beware fair weather friends and a sign it could be time to think about leaving…
Bank of America (BAC, quote) announced it has agreed to settle a class action lawsuit over its acquisition of Merrill Lynch in a settlement much larger than excepted of $.2.43 billion. The lawsuit was on the behalf of Bank of American stock holders when Bank of America announced plans to buy Merrill Lynch during the fall out of the financial crisis in the fall of 2008.
