Higher rates allow banks to make more money on loans. For every quarter percentage point increase in rates, BofA stands to add about $1 billion to earnings, Moynihan said. But he added the bank is prepared for any rate scenario.
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Bank of America (BAC) chief Brian Moynihan told CNBC on Thursday the U.S. stock market keeps heading higher because there's no where else to get returns globally with low to negative interest rates.
"Where else is the money going to go, with dividend [stock] yields exceeding sovereign [bond] yields? The money is going to go into the equity markets because they're looking for return," he said.
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http://finance.yahoo.com/news/bofas-moynihan-us-stocks-higher-115435204.html
4. “Household income” isn’t just what the amount that income earners in that household bring home from their jobs. The survey also asks questions about the amount of “money income” each person 15 years and older in the household has received from these 18 sources, which include income from government benefits from investments:
Earnings
Unemployment compensation
Workers’ compensation
Social security
Supplemental security income
Public assistance
Veterans’ payments
Survivor benefits
Disability benefits
Pension or retirement income
Interest
Dividends
Rents, royalties, and estates and trusts
Educational assistance
Alimony
Child support
Financial assistance from outside of the household
Other income
Oil prices were lower in Asia trade on Friday as traders brace for an increase in oil exports from Libya and Nigeria, and the increase in U.S oil product inventories weighs on prices.
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http://www.marketwatch.com/story/oil-prices-fall-market-braces-for-nigeria-libya-oil-2016-09-16
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