Bank of America Total Card Spending (Apr): +4.8% Y/Y (prev. +4.3% M/M); OBBBA-related tax refunds have so far been around twice as large as the gas shock impact

April's total card spending growth of 4.8% year-over-year surpasses the previous month's 4.3%, indicating a positive trend in consumer spending.

Newsquawk StaffPublished 12 May 2026, 11:09 UTCOn the live feed at 10:49 UTC — 7 more headlines followed before this page went public

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10:55

Under Armour Inc. (UAA) Q4 2026 (USD): Adj. EPS -0.03 (exp. -0.02), Revenue 1.2bln (exp. 1.17bln)

10:51

"Israeli army: Interception of a drone in the skies over Eilat launched from the eastern direction", Al Hadath reports; Israeli Journalist Kai suggests the launch could've come from Iran, Iraq, or Yemen

10:49

Bank of America Total Card Spending (Apr): +4.8% Y/Y (prev. +4.3% M/M); OBBBA-related tax refunds have so far been around twice as large as the gas shock impact

10:48

UK Labour insiders expect additional ministerial-level resignations today, Daily Mail's Groves reports

10:47

Delivery Hero (DHER GY) announces that CEO Niklas Ostberg is to step down from his role

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Context

The mention of OBBBA-related tax refunds being significantly larger than the negative impact from rising gas prices suggests a net supportive factor for consumer finances, which could influence future spending patterns and economic outlook.

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