The Latest Breaking News from Bank of America

"The market is now pricing in more than two 25-basis-point rate cuts by year-end, including a near-100% chance of a September cut."

Gold rose to a new record high in Q2 2024 and in early Q3. The precious metal looks set to make even higher highs during the second half of this year. Gold is the world’s oldest currency, and as inflation erodes fiat foreign exchange instruments and the international financial system…

The stock market rally had some wild moves during the week. The Dow Jones and Russell 2000 jumped, but came off highs. The Nasdaq tumbled.

An update to CrowdStrike security software appears to have resulted in a widespread IT outage as Windows devices suffer from Blue Screen of Death error messages across the globe.

Halliburton and SLB report Q2 earnings and revenue on Friday. HAL stock is trading flat while SLB has declined 6% in 2024.

Exclusive: Documents reveal group linked to Leo gave money to another group that played central role in boycott

Nvidia continues to innovate AI GPUs and maintains a strong balance sheet, but hedge fund managers see several headwinds for the company in the coming months.

Wells Fargo’s latest report on large cap banks shows all five of America’s largest banks, including Citigroup and Bank of America, are beating expectations

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.64%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.85%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.06%. Stock indexes closed higher on Tuesday, with the S&P 500 and Dow Jones Industrials...

The S&P 500 and Nasdaq also scored wins Tuesday albeit with much smaller gains than the blue chip Dow.

Bank of America's Q2 profits declined due to higher interest rates, offset by investment banking growth.