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Two Financial CEOs Offer Opposing Views on the Consumer, and the Latest on Rising Tensions With China 12/5/23

49 min•5 december 2023

Shares of American Express diving midday after the CEO warned that a “skittish” consumer caused billions to slow to start the quarter, while Bank of America’s top exec suggested spending was still holding up. Which of these reads on the consumer is right? Plus Beijing firing back at the US over its latest export control comments. And a Chinese IPO faces the scrutiny of US lawmakers. We dive into all the ripple effects.

 

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