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bank of america warns customers of account cancellations and payment limits

Bank of America is warning customers that accounts not meeting requirements may be canceled, with dormant accounts potentially turned over to the state under escheat laws. Customers planning large payments via Zelle should be aware of daily and monthly limits of $3,000 and $20,000, respectively, to avoid missing financial obligations.

bank of america warns customers about account cancellations due to inactivity

Bank of America has issued a warning to customers about account cancellations due to inactivity, stating that accounts deemed "abandoned" after three years may be blocked or have funds transferred to state custody. To avoid this, customers are encouraged to regularly log in and set up alerts to monitor their account activity. The bank's policy aligns with state laws regarding unclaimed assets, which apply to various account types, including savings and retirement accounts.

China's Xi urges CEOs to safeguard trade amid looming US tariffs

China’s President Xi Jinping urged multinational CEOs to safeguard global trade and supply chains amid rising US tariffs, emphasizing the need for cooperation to stabilize the economy. The meeting, attended by around 40 executives, highlighted concerns over tightening regulations and foreign investment challenges in China. Xi noted the significant contributions of foreign enterprises to China's economy, while reiterating the mutually beneficial nature of China-US trade relations.

barclays lowers s p 500 forecast amid economic concerns and tariffs

Barclays has cut its 2025 S&P 500 price target to 5,900 from 6,600, citing tariffs and worsening economic data. The bank downgraded its outlook on Consumer Discretionary and Industrials sectors to Negative, while upgrading Financials to Positive due to potential deregulation. Concerns about a recession are rising, with JPMorgan estimating a 40% probability, as major companies report weak demand and consumer confidence falters.

market fluctuations amid cautious outlook and geopolitical tensions

Amadeus Fire's cautious outlook impacted cyclically sensitive stocks, with Givaudan, Sika, and Holcim among the notable decliners. The US stock market saw declines, particularly in Nike and FedEx, amid economic concerns and a major futures expiry day. Oil prices remained stable, with Brent slightly down and WTI up, as geopolitical tensions continue to influence the market.

Chinese premier advocates dialogue with US amid rising trade tensions

Chinese Premier Li Qiang urged for dialogue over confrontation during a meeting with U.S. Senator Steve Daines, emphasizing the need for cooperation amid rising tensions over trade tariffs and fentanyl trafficking. Daines, a supporter of President Trump, is the first U.S. lawmaker to visit Beijing since Trump took office, and he coordinated closely with the White House on these issues. Li highlighted the importance of fair competition and the necessity for both nations to work together to ensure stable relations.

ubs lowers fedex price target but maintains buy rating

UBS has maintained a "Buy" rating for FedEx while reducing its price target from $350 to $331. Analyst Thomas Wadewitz noted that the logistics company's third-quarter results met expectations, with stable demand trends, although profit estimates were lowered due to a sluggish economic environment.

ubs lowers fedex price target but maintains buy rating

UBS has reduced its price target for FedEx from $350 to $331 while maintaining a "Buy" rating. Analyst Thomas Wadewitz noted that the logistics company's third-quarter results met expectations, and while demand remains stable, earnings estimates have been cut due to a sluggish economic environment.

ubs maintains buy rating for fedex with target price of 350 dollars

UBS has maintained its "Buy" rating for FedEx, setting a target price of $350. Analyst Thomas Wadewitz noted that the logistics group's third-quarter results met expectations, although signals for the fourth quarter appear weaker.

market turmoil at heathrow and corporate shifts in europe and america

Heathrow Airport is closed due to a fire causing a power failure, while UBS threatens to relocate its headquarters amid capital demand concerns. FedEx and Nike both reported disappointing quarterly results, leading to significant stock declines. In Europe, various companies announced strategic moves, including Alfa Laval's acquisition of Fives group's cryogenics unit for €800 million and Energean's termination of an agreement with Carlyle.
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