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The Latest Breaking News from Bank of America

Bank Of America Customers Shocked By Zero Balances In Online Account Glitch

Reports of the outage began flowing into Downdetector around noon ET Wednesday.

International Business Times

Bank of America is down: Users report their accounts showing empty balance during widespread outage

Nearly 20,000 customers reported having trouble accessing their accounts

The Independent UK

Bank of America Earnings Preview: What to Expect

Bank of America is set to report its third-quarter earnings in mid-October, with analysts anticipating a decline in the bottom line in the lower double digits.

Barchart

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Bank Of America Predicts Short Port Strike, Biden Intervention Likely

Bank of America predicts a short port strike, likely resolved by invoking the Taft-Hartley Act.

Top News

Mark Zuckerberg loses spot as world's 3rd richest person to LVMH's Bernard Arnault

"'Quiet luxury' has supported average selling price at the expense of volumes," Bank of America analysts wrote. "The industry needs to pivot back to creativity."

Fortune

Toast, IBD Stock Of The Day, Breaks Out As Analyst Initiates With Bullish Rating

Stock Of The Day: Toast broke out past a buy point Friday, after a bullish analyst initiation for the restaurant software firm.

Investors Business Daily

Microsoft's Nuclear Deal Signals A Trend Change; S&P 500 Utility Stocks Look To Rally

Microsoft and Constellation Energy just inked a 20-year nuclear energy deal.

Investors Business Daily

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CFOs of Goldman Sachs and Bank of America upbeat about the Fed's rate cut

This week, the big bank finance chiefs weighed in on the economy.

Fortune

Buffett sells more Bank of America as Berkshire nets $9 billion

Berkshire still owns a 10.5% stake in the bank worth about $33 billion, making it the conglomerate’s third-largest public holding.

Fortune

Goldman Sachs shifts view on economy, Fed rate cuts

The Federal Reserve slashed interest rates by 0.5 percentage point last week.

The Street

3 Cheap Warren Buffett Favorites To Buy With $1000 And Hold For 20 Years

Warren Buffett, one of the greatest investors of all time, has built his fortune by selecting businesses with long-term value and strong fundamentals.

Barchart

Analysts praise groundbreaking Tesla rival, preview robotaxi event

Analysts are head over heels for a $21,200 Model Y killer.

The Street

BofA details clients’ 5 major economic fears—then knocks them all down

“For now, we think the broader macro data flow does not point to recession," Bank of America's economics team wrote Monday.

Fortune

Vista Energy, IBD Stock Of The Day, Outperforms A Warren Buffett Favorite Despite Stalling Oil Prices

Vista Energy stock has surged 64% in 2024 even as oil prices have stalled.

Investors Business Daily

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The Street

JPMorgan Chase doubles down on tackling a troubling workplace trend

The banking giant is rolling out new measures to eliminate a controversial practice in the workplace.

The Guardian - UK

JP Morgan creates new role to prevent overwork among junior bankers

Bank’s head of diversity and inclusion appointed to help tackle long hours and support staff wellbeing

Barchart

1 Defensive ETF to Buy Now Before the Fed Cuts Rates

As the Federal Reserve is expected to cut interest rates, investors are seeking defensive strategies, and the Utilities Select Sector SPDR Fund (XLU) stands out as a reliable option, offering stability, income, and a low expense ratio.

The Street

Analysts weigh in on Ford, praise Tesla

Also, a new Bank of America study has a dismal view of the auto market.

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Investors Business Daily

Bank of America Stock Sees RS Rating Improve

Bank of America shows improving price performance, earning an upgrade to its IBD Relative Strength Rating

International Business Times

Boeing, Union Resume Talks As Strike Empties Seattle Plants

Negotiators from Boeing and the machinists union representing its workers resumed talks Tuesday after some 33,000 employees went on strike late last week, effectively shutting down two Seattle-area factories.

Investors Business Daily

HPE Wins Bank Of America Upgrade To Buy Amid Juniper Deal

Hewlett Packard Enterprise won an upgrade to buy from Bank of America on views that profit margins will improve and cost synergies from the acquisition of Juniper Networks.

USA Today Sports Media Group

Masters to expand TV window in 2025, adds new sponsor to mix

Golf fans can rejoice: there will be more coverage of the 2025 Masters to enjoy in April.

The Independent UK

The Masters adds two hours of weekend coverage on Paramount

The Masters and CBS are expanding weekend coverage by five hours from Augusta National

International Business Times

Boeing, Union To Resume Talks As Strike Quiets Seattle Plants

Negotiators from Boeing and the machinists union are scheduled to resume talks Tuesday after some 33,000 workers went on strike late last week.

International Business Times UK

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.

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