The Latest Breaking News from Bank of America

You've heard that gold is hitting record highs. Not quite, Bank of America's Commodities team says.

Chancellor Rachel Reeves said they were delivering ‘investment and opportunity’ on both sides of the Atlantic.

Merrill Wealth Management and Bank of America Private Bank (NYSE:BAC) are shaking things up for their wealthiest clients. On Thursday, the firms introduced the Alts Expanded Access Program, designed for ultra-high-net-worth (UHNW) clients with at least $50 million in net worth, which provides entry into selective private market funds once…

The era of 24/7 retail seems to be coming to a quiet end. In the years following the pandemic, many of the nation’s largest chains have permanently reduced their operating hours. They often make this change without a major press release or announcement. This “silent shrinkage” is a strategic business…

The report finds that over 13% of unemployed Americans in July were “new entrants” or first-time job-seekers, “which skews towards Gen Z.”

Personal debt pressures are weighing on household confidence, with fewer Americans reporting financial well-being despite optimism about the longer-term outlook.

Tesla is reportedly seeing weaker-than-expected initial demand in India. Bank of America no longer sees meaningful upside in TSLA shares from current levels.

If Bank of America is your bank, or you've been thinking of switching banks soon, knowing which branches are closing could help you make a smarter decision.

Global equity market sentiments have surged to levels not seen in over a year, according to the latest figures put out by Bank of America’s global research team.