Bank of America resets interest rate cut forecast after inflation shocker
The decision comes after the central bank trimmed rates three times starting in September 2024, which has pushed down the ...
Bank of America says growth stocks are in a bubble exceeding the 'dot-com' and 'nifty fifty' eras — and warns they could take the S&P 500 down 40%
That's the warning Bank of America strategists issued to clients in a note earlier this week. As investors continue to pile ...
Bank of America hires former JPMorgan executive to strengthen private bank, memo says
Bank of America has hired JPMorgan Chase veteran Mike Marino as the Georgia market executive of its private bank, according ...
4 societal shifts could drive America's alcohol industry into a long-term recession
Alcohol consumption in the US is headed for a fourth-straight yearly decline, Bank of America analysts estimated.
Buffett Sold More BofA Stock While Keeping Apple Stake Intact
Warren Buffett’s Berkshire Hathaway Inc. continued whittling a longtime bet on Bank of America Corp. in last year’s final ...
Bank of America Names Greater L.A. President Raul Anaya to Lead Wildfire Response
In the wake of the devastating Palisades, Eaton and other wildfires that swept through Los Angeles County and beyond, Bank of ...
Banks Will Extend Real-Time Payments To Send In 2025
Banks that have tried real-time payments in receive-only mode are expected to begin sending payments, which requires funds ...
Hedge fund Viking buys Boeing shares, adds more JPMorgan, filing shows
U.S.-based hedge fund Viking Global built a $526 million-worth new position in planemaker Boeing in the fourth quarter, with ...
Constellation Brands (STZ) Stock Jumps on News Warren Buffett Has Taken a Position
Shares of Constellation Brands (STZ) are up 7% on news that legendary investor Warren Buffett has opened a new position in ...
Roku shares surge as company halves quarterly losses, adds 4 million streaming households
Roku reported 89.8 million streaming households as of the end of 2024, a 12% year-over-year increase. Beginning next quarter, ...
Mexican President Says Government May Sue Google Over ‘Gulf of America’ Change on Maps
Mexican President Claudia Sheinbaum said Thursday that her government wouldn’t rule out filing a civil lawsuit against Google ...
JPMorgan snubs regulators over disclosure of private equity loans
Even excluding JPMorgan from the FDIC data, the new disclosures show how private credit and private equity funds have become big borrowers from traditional banks. US banks reported $214bn in ...