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The Latest Breaking News from Bank of America

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

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

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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

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

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

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

The Guardian - UK

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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.

Barchart

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.

International Business Times

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.

USA Today Sports Media Group

The Masters adds two hours of weekend coverage on Paramount

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

The Independent UK

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

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

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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

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.

The Independent UK

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

Fortune

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.

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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.”

Kiplinger

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

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

Fortune

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.

Kiplinger

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.

International Business Times

Bank Of America Raises Minimum Wage To $24 An Hour

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

Fortune

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.

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