Bank of America shares are riding high following Donald Trump’s re-election victory, fueled by optimism for policies that could benefit the banking sector. However, the Federal Reserve’s interest rate cut has somewhat tempered the stock’s gains. This article explores the factors driving Bank of America’s performance, including potential tax cuts, deregulation, and infrastructure spending.
A series of explosions in Lebanon, attributed to pagers used by Hezbollah members, has resulted in numerous casualties. While initial reports suggested the pagers were manufactured by Gold Apollo, the company has denied involvement, stating that the devices were made by a licensee, BAC, which is authorized to use their brand in specific regions. Gold Apollo claims the design and manufacturing were entirely handled by BAC, and is planning to sue the licensee for their involvement in the incident.
