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The Latest Breaking News from Bank of America

AI Memory Boom Is Causing ‘Chipflation’ — And Your Next iPhone Could Cost More

The artificial intelligence boom is starting to create an unexpected bill for consumers: more expensive electronics.

Benzinga

Jio Financial shares jump 3% as Bank of America set to acquire 50% stake in Jio Credit for Rs 18,268 crore

Jio Financial Services shares: Bank of America agreed to acquire up to 49.9% in its lending arm Jio Credit through a Rs 18,268 crore joint venture deal. The US bank will initially take 26.5%, with the stake potentially rising to 49.9% via warrants, subject to approvals. Jio Credit had an…

The Economic Times

Walmart Could Return to Its Beat-And-Raise Playbook This Quarter, Analyst Says

Walmart Inc. (NASDAQ:WMT) is scheduled to release its fiscal 2027 second-quarter earnings results on Aug. 20 before the market opens, with Bank of America Securities analyst Christopher Nardone expecting the retail giant could return to a beat-and-raise cycle despite signs of softer spending among lower-income consumers.

Benzinga

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Target’s Comeback Is Real, But Its Stock May Have Run Too Far: Analyst

Target Corporation (NYSE:TGT) is showing encouraging signs that its turnaround is gaining traction, but Bank of America remains cautious heading into the retailer’s fiscal second-quarter earnings report next week.

Benzinga

Oracle plans more layoffs as AI spending surges. Is the AI jobs apocalypse finally here?

Oracle is said to be planning additional job cuts this month, following a substantial reduction in its workforce in the previous fiscal year. Meanwhile, wider trends indicate that while AI is reshaping jobs rather than simply removing them, investment in AI is simultaneously generating new employment opportunities across diverse sectors.…

The Economic Times

Bank of America to acquire 49.9% in Jio Credit in potential Rs 18,268 crore deal

Jio Financial Services and Bank of America announced a significant joint venture agreement. The US banking major will acquire up to 49.9% in Jio Credit. This investment could reach Rs 18,268 crore, approximately $1.9 billion. Bank of America will initially hold a 26.5% stake in the NBFC. The transaction is…

The Economic Times

APP Stock Alert: AppLovin's Latest Downgrade Sends Clear Signal on Growth Trajectory

APP stock dropped almost 6% after a downgrade raised doubts about its 30% growth goal. Here's what the company said on its earnings call.

Barchart

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Bank of America to deploy $250 billion for US digital, infrastructure projects

Bank of America plans to invest $250 billion in American infrastructure projects. This initiative will support digital and energy infrastructure development. The bank's financing will also cover core infrastructure like transportation systems. This move follows Morgan Stanley's similar commitment to technology and infrastructure. These investments aim to boost economic growth…

The Economic Times

AI Job Apocalypse Debunked? BofA Presents Nuanced Data — And Warning Signs

A growing wave of AI-linked layoffs has yet to translate into widespread job destruction across the U.S. economy, according to Bank of America.

Benzinga

Nvidia Stock’s Rubin Era Begins: A ‘Top Pick,’ BofA Says

Nvidia Corp‘s (NASDAQ:NVDA) AI story is entering a new phase, but investors appear increasingly focused on what could go wrong.

Benzinga

Strong Corporate Earnings And AI Spending Lead JPMorgan To Lift Its S&P 500 Forecast For The Second Time In Two Months

JPMorgan strategists raised their S&P 500 forecast for the second time in two months.

International Business Times

BofA's Bullishness Gauge Hits Highest Level Since 2021. Its Chief Investment Strategists Says It's a Warning Sign

Bank of America chief investment strategist Michael Hartnett recommended that investors reduce exposure to risk assets or shift allocations toward more defensive investments, longer-duration assets and the U.S. dollar.

International Business Times

$20 billion bet: Where is Warren Buffett's successor spending Berkshire's cash pile after 14 quarters?

Berkshire Hathaway became a net buyer of equities for the first time in 14 quarters under new CEO Greg Abel, spending nearly $20 billion on net stock purchases and $4.5 billion on share buybacks in Q2. Alphabet entered its top five holdings alongside Apple, American Express, Coca-Cola and Bank of…

The Economic Times

Bank of America is splashing out $250 million a year on weight loss drugs for its staff: ‘We see a great impact on employees,’ CEO says

Weight-loss drugs are becoming a popular perk, with almost a third of workers saying they’d even switch jobs for it. Bank of America has them covered.

Fortune

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International Business Times UK

Markets Hold Their Breath for Friday's Jobs Number, the First Real Test of a Fed That Refuses to Guide

The Fed's silence under new Chair Kevin Warsh impacts the July jobs report and the bond market. Experts predict 83,000 new jobs and a steady 4.2% unemployment rate, sparking market reactions.

The Independent UK

Major bank CEO says company spends $250 million a year on GLP-1 drugs for its employees

GLP-1 drugs for weight loss are on the rise, with 11 percent of Americans saying they take one in a recent poll

MarketBeat

These Outperforming Giants Are Boosting Dividends in 2026, With Yields of Up to 6.6%

Welltower, Bank of America and Energy Transfer raised dividends in 2026, with Welltower and Bank of America posting double-digit hikes and Energy Transfer offering a 6.6% yield.

International Business Times UK

UK Shelves Epstein Inquiry for Now, Leaving US Banks' $437.5M Payouts as the Only Resolution in the Scandal

The UK government's stance on a public inquiry into Epstein's British operations, amid $437.5M in settlements from US banks. Explore the implications for British institutions and investigations.

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International Business Times

Bank of America CEO Says The Company Spends $250 Million A Year on GLP-1 Drugs for Their Employees. He Calls It a Good Investment

Bank of America CEO Brian Moynihan said the company has dramatically increased its investment in medications such as Novo Nordisk's Ozempic and Wegovy and Eli Lilly's Zepbound.

TechRadar

Experts flag Bank of America phishing scam that hands your device over to hackers

Why would Bank of America want to install ScreenConnect on your computer?

Bangkok Post

BofA views uneven recovery ahead

The Thai economy is expected to miss the country's potential growth level of 2.5-3% over the next two years, says Bank of America (BofA), noting that the ongoing recovery remains "limited and uneven" while energy supply shocks and price volatility persist.

Benzinga

Semiconductors Just Posted Their Best Four-Day Rally Since March 2020. These Five Stocks Led the Charge

Just days after suffering their worst monthly decline in nearly 24 years, semiconductor stocks have staged one of the strongest rebounds in history.

International Business Times

Many Decisions Make Investors Lose Money. But Ray Dalio Says Staying Idle Is Also a Bad Choice

Billionaire investor Ray Dalio said holding cash is the "worst" long-term investment, including options that yield low interest.

International Business Times

Rich Young Americans Are Walking Away From Stocks. Gold, Crypto and Real Estate Are Taking Their Place

Rather than relying primarily on publicly traded stocks and bonds, younger millionaires are increasingly seeking diversification through alternative investments.

MarketBeat

Financials Hit Record Highs as the AI Trade Unravels—Can They Keep Leading?

Financial stocks like XLF, JPMorgan, and Bank of America hit new highs on strong Q2 earnings as investors rotate out of technology, though bank shares pulled back ahead of the Fed meeting.

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