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The Latest Breaking News from Bank of America

The fight for COLA: Why the UAW is pushing hard to restore long-lost benefit

DETROIT — Rob Pacheco estimates that he brought home more money 20 years ago than he does today because of concessions autoworkers made to help save the U.S. auto industry during the Great Recession.

Tribune News Service

Should You Put Your Money Into Bank of America (BAC) Stock This Week?

After months of turmoil, the U.S. banking sector is showing some signs of stability. Bank of America (BAC), the second-largest U.S. bank by assets, is stuck with more than $100 billion in paper losses at the end of the first quarter. However, the bank has substantial cash reserves to handle…

StockNews.com

Tesla To Lose Significant EV Market Share To Ford, GM By 2026: Report

Tesla could lose ground to Ford and GM as per Bank of America's Car Wars report, while EVs remain on track to grab a broader market share

InsideEVs

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What recession? Why stocks are surging despite warnings of doom and gloom

Halfway through the year, hopes about AI and a sturdier-than-expected economy are leading to a big rally in stock markets — but a lot of uncertainty still lies ahead.

WEKU

These high school grads are the COVID Class of 2023 and have the stories to prove it

It had only been a week since graduation and these teenagers were giddy. Summer sprawled out in front of them. College is just a few months away — a future some still can't believe will be theirs.

Los Angeles Times

3 Unusually Active Call Options to Buy for 1% Down

Nearly midway through Thursday trading, 109 calls are exhibiting unusual options activity. Seventy-six of them have ask prices of $1 or less.

Barchart

Bank of America Stadium installs natural grass for Gold Cup matches

Once again, it's the fútbol players—not the football players—who will be playing on natural grass at Bank of America Stadium.

USA Today Sports Media Group

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Morgan Stanley says commercial real estate will crash harder than during the Great Financial Crisis. Here’s how 5 other top institutions see it playing out

There’s one thing they can all agree on: Office properties are in trouble.

Fortune

Nearly 60% of internet users in the U.S. use ChatGPT—survey

A new survey by Bank of America finds that generative A.I. search chatbots, like ChatGPT, Microsoft’s Bing, and Google’s Bard, are catching on with Americans.

Fortune

Are you using your credit card to its full advantage? Here are 7 perks yours might offer

From cell phone protection to airport lounge access, these added credit card features could save you a ton of money each year.

Fortune

One in five iPhones could be made in India by 2025

A new report by Bank of America suggests nearly 20% of iPhones could be produced in India by 2025.

iMore

There won’t be a true recession anytime soon—but a ‘growth recession’ is still on the menu next year, BofA warns

Bank of America's chief economist Michael Gapen revised his recession forecast again this week, citing strength in the labor market—but he says a "growth recession" is still coming in 2024.

Fortune

Stocks Rally on Expectations the Fed Will Pause Rate Hikes

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.69%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.43%, and the Nasdaq 100 Index ($IU XX) (QQQ ) closed up +0.79%. Stock indexes on Tuesday finished moderately higher, with the...

Barchart

Boomers are pushing millennials out of the housing market for 3 main reasons

BofA: "In the current environment...baby boomers are better equipped financially for home purchasing."

Fortune

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Creative Bloq

The best Pride logos this year

Spotlighting the brands supporting the LGBTQIA+ community this year.

Creative Bloq

The best Pride logos of 2023

Spotlighting the brands supporting the LGBTQIA+ community this year.

Golf Monthly

Who Is Ed Herlihy? PGA Tour Chairman Involved In Historic PIF Deal

Herlihy worked with commissioner Jay Monahan and board member Jimmy Dunne in the merger, but what's his background?

The Independent UK

Banks' growing reliance on chatbots to handle customer service tasks worries consumer watchdog

Can you trust Erica, or Sandi or Amy to increasingly control parts of your financial life without giving you inaccurate information or sending money to the wrong place

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The Guardian - US

Amazon and Google fund anti-abortion lawmakers through complex shell game

Blue-chip companies gave to Republican group funneling money to lawmakers who overturned abortion-ban veto in North Carolina

Chicago Sun-Times

After hit Frida Kahlo show, Glen Ellyn museum spotlights another star: Andy Warhol

Some of the pop artist’s best-known works go on display at Cleve Carney Museum.

Kiplinger

Kiplinger Readers' Choice Awards: Travel Rewards Credit Cards

These are the winners of the Kiplinger Readers’ Choice Awards' best travel rewards credit cards category. Our awards celebrate the very best products and services in personal finance.

Fortune

Bank of America isn't entirely sold on Warren Buffett's Japan plan

Bank of America says calls to 'buy Japan' are "premature" but could promise successful trades next year.

Fortune

Nvidia is heading to ‘$1 trillion and beyond’ thanks to its leadership in A.I., Bank of America says

Bank of America analysts led by Vivek Arya tagged Nvidia as their “top pick” with a $450 price target, representing a potential 17% upside.

Tom’s Guide

Debt collector breach exposes financial data of 1.1 million Americans — see if you’re affected

The debt collector NCB has disclosed that hackers breached its systems though they also gained access to Bank of America and TD Bank customer data.

Fortune

Morgan Stanley analysts see a fall for commercial real estate 'worse than in the Great Financial Crisis'—BofA disagrees for 3 key reasons

Bank of America: "We conclude that the [CRE] challenges are real and significant, but, for several reasons, they are manageable and do not represent a systemic risk to the U.S. economy"

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