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The Latest Breaking News from Bank of America

Extreme Hours, Fatal Consequences: Two Major US Banks Revamp Policies After Associate's Death

Two major US banks, JPMorgan Chase and Bank of America, have been forced to revise their junior banker work hours after the tragic death of 35-year-old associate Leo Lukenas, who reportedly worked up to 100-hour weeks, sparking widespread calls for reform in the industry.

International Business Times UK

Bank of America has a niche benefit that helps employees in crisis

The Life Event Services team helps workers from everything ranging from natural disasters to mental health issues.

Fortune

How Bank of America built an 'emergency task force' to help employees in crisis: ‘It’s the secret sauce of our company’

The team uses 911 operators, medical professionals, and social workers to help employees through major life events.

Fortune

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Bank of America is making it harder for junior bankers to lie about their work hours

The bank is introducing new tools to monitor working hours months after the sudden death of a 35-year-old employee.

Fortune

Investment firm caps work hours for junior staff at 80 a week after outcry over young banker’s shocking death

Leo Lukenas III, 35, died in May after working multiple 100-hour weeks

The Independent UK

JPMorgan just capped junior bankers’ hours—at 80 per week

JPMorgan and Bank of America are cracking down on the industry’s infamous always-on culture.

Fortune

Brian Moynihan isn’t pressing Warren Buffett on his sale of Bank of America shares

“I don’t know what exactly he’s doing because, frankly, we can’t ask, and we wouldn’t ask.”

Fortune

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Stock Market Today: Stocks Stagger After CPI but Rebound to Post Gains

A mixed CPI report had traders recalibrating their rate-cut bets.

Kiplinger

Shark Tank's Kevin O'Leary says people are 'idiots' for spending money on coffee every day

The Canadian investor’s argument harkens back to millennial’s avocado toast problem, which has been debunked.

Fortune

Bank of America Stock Falls As Warren Buffett Keeps Selling

Bank of America stock is lower Wednesday on news Warren Buffett's Berkshire Hathaway sold another chunk of its stake in the bank. Here's what you need to know.

Kiplinger

Bank Of America Raises Minimum Wage To $24 An Hour

Bank Of America raised its minimum hourly wage to $24 an hour.

International Business Times

Bank of America CEO says we need to take action on the national debt now, while ‘we’re in relatively good times’

The national debt situation is so bleak it costs the federal government $3 billion per day just to pay the interest.

Fortune

Bank of America raises minimum wage to $24, even as workforce shrinks

The second-largest bank in America how pays employees at least $24 an hour.

Fortune

Another Super Micro Computer Bull Jumps Ship, But is the Stock a Sell?

Down 68% from all-time highs, Super Micro Computer is priced at a cheap multiple and trades at a sizeable discount to consensus price target estimates in September 2024.

Barchart

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Fortune

The DOJ can’t break up Nvidia party, the stock is staying high, BofA says

Reports of a possible DOJ inquiry into the chip manufacturer are unlikely to affect the stock—for now.

Barchart

Berkshire Hathaway Sold $75 Billion in Stock Last Quarter, but You'll Never Guess One of the Only Stocks He Likes Going into Q3

Warren Buffett, the legendary investor, has once again made headlines with his strategic moves in the market. During the second quarter of 2024, Berkshire Hathaway (BRK.A) (BRK.B) sold a staggering $75 billion worth of stock, raising its cash reserves to a record $276.9 billion. While Buffett's massive sell-off included some...

Fortune

Gen Z and millennials are dumping Tinder and daters are flocking to Hinge instead

Tinder is facing an identity crisis, as it can’t ditch its reputation as a hook-up only app.

Fortune

Warren Buffett’s Berkshire Hathaway dumped $6.2 billion in Bank of America stock in under 2 months

"I think implicitly...you can make the case that [Buffett] thinks that there aren't that many great opportunities," Madison Investments' Toyama said.

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Fortune

There's nowhere left to go for JPMorgan stock, as it gets downgraded after rising 30% this year

After a stellar year, the bank’s stock has less upside than it used to—unlike some of its competitors.

Barchart

1 Energy Stock to Invest in Argentina Right Now

Bank of America just initiated coverage on this oil and natural gas stock with a bullish rating. Here's why.

Barchart

How Is Bank of America's Stock Performance Compared to Other Financial Stocks?

Bank of America has recently underperformed other financial stocks, but Wall Street analysts are moderately optimistic about the stock’s prospects.

International Business Times

Warren Buffett Sells Another $845M In Bank Of America Stock

The move marked the seventh time the billionaire's Berkshire Hathaway holding company has cut its stake in the lender since July

Barchart

Is This Warren Buffett Dividend Stock Still a Buy Near All-Time Highs?

American Express, a long-time favorite of Warren Buffett, has become Berkshire Hathaway's second-largest holding, sparking interest in whether the stock is still a buy despite trading near all-time highs.

Zenger

Indiana Secretary Of State Issues Cease-and-desist Order Against BlackRock

Secretary of State Diego Morales (R) is accusing BlackRock of misleading investors about its efforts to push ESG goals

Barchart

S&P Futures Tick Higher Ahead of FOMC Meeting Minutes and U.S. Payrolls Revisions, Target Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are trending up +0.17% this morning as market participants awaited an annual review of U.S. jobs data as well as the Federal Reserve’s July meeting minutes for further clues on the path of interest rates.

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