Forbes Daily: Walmart Warns Tariffs Would Likely Increase Its Prices [Forbes]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Forbes
Good morning, The nation's largest company in terms of revenue would likely have to hike prices if President-elect Donald Trump enacts his proposed tariffs. Walmart's chief financial officer told CNBC that “There probably will be cases where prices will go up for consumers,” though he noted the company would work with its suppliers to try and bring prices down. Trump has backed a roughly 10% tax on all imports and 60% tax on Chinese imports, a move economists have warned would be inflationary. As higher costs have already lingered after the pandemic, economists at Bank of America and Goldman Sachs predict Trump's tariffs would increase annual inflation by 0.3 to 0.4 percentage points. FIRST UP Photo by Justin Sullivan/Getty Images Nvidia shares surged ahead of its quarterly earnings release slated for Wednesday, which will have sweeping ramifications for the hot but rocky stock market. Bank of America strategists said the AI juggernaut is the “most dominant” and “most imp
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News
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BAC
Earnings
- 10/15/24 - Beat
BAC
Sec Filings
- 11/21/24 - Form FWP
- 11/20/24 - Form FWP
- 11/20/24 - Form 424B2
- BAC's page on the SEC website