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The Latest Breaking News from Bank of America

Could Daniel Snyder keep the Commanders when all is said and done?

This week's league meetings have some less confident about Snyder selling the Commanders.

USA Today Sports Media Group

Goldman Sachs weighs 40% cut on investment banker bonuses

As Wall Street goes from feast to famine, Goldman Sachs is reportedly weighing the largest cuts to banker bonuses since the 2008 financial crisis

Fortune

NFL Owners Bracing for Snyder Playing Keep Away With the Commanders

There remains a scenario where Dan Snyder simply goes through the motions of preparing for a sale of the Commanders before keeping the team after all.

Sports Illustrated

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Billionaire David Rubenstein says inflation won’t fall significantly until the unemployment rate is almost double what it is now

“The Fed cannot say publicly what I can say, and what others have said, which is that until we get unemployment to about 6%, we’re not likely to get inflation down appreciably,” he said.

Fortune

Report: Dan, Tanya Snyder Likely to Sell Commanders

The Washington co-owners hired Bank of America in November.

Sports Illustrated

I lost £150,000 to a fraudulent account the bank knew about

Bank of America was alerted three days before my first payment to an account I believed was a fixed-rate ‘bond’ with Prudential

The Guardian - UK

‘There is nothing special about 2%’: BofA says central bankers just made up their inflation target

“The evidence is that steady 4% inflation imposes very small additional costs compared to steady 2% inflation. Either way the economy adapts,” BofA’s global economist said.

Fortune

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Analysts see Fed rate hike of 0.5%

Analysts expect the Federal Reserve to raise interest rates by 0.5% in the middle of this month, putting pressure on stocks, gold and oil to continue their freefall.

Bangkok Post

Bank of America chief doesn’t see the point of layoffs—let natural attrition do the trick

Many of Bank of America’s peers at Goldman Sachs and Morgan Stanley have already started culling their employees as dealmaking dries up.

Fortune

United Airlines CEO says he doesn’t see evidence of a recession: ‘The word wouldn’t be in my vocabulary.’

CEO Scott Kirby also suggested that the shift to hybrid work would help the airline, as it "makes every weekend a holiday.”

Fortune

Asian Equities, Oil Prices Dragged by Recession Fears

Asian investors extended a sell-off across global markets Wednesday while oil held losses on growing fears Federal Reserve monetary tightening will tip the US economy into recession. The drop followed another day deep in the red for New York's three main indexes after the heads of Wall Street's leading banks…

Asharq Al-Awsat

Bank of America CEO says the latest jobs report supports his prediction of a 'mild' recession

“The belief was when the Fed started raising rates that there would be an immediate snap to the economy,” Brian Moynihan said. “That didn't happen.”

Fortune

Biden’s state dinner for Macron includes notable VIP guests

WASHINGTON — Apple Chief Executive Officer Tim Cook, Bank of America CEO Brian Moynihan, KKR and Co. co-founder Henry Kravis and film producer Jeffrey Katzenberg were among the guests Thursday at President Joe Biden’s first state dinner honoring French President Emmanuel Macron.

Tribune News Service

Bank of America sees inflation falling to this number by the end of next year—but it’ll take a recession to get there

Bank of America says a “mild recession” will raise the unemployment rate to 5.5% next year and cool inflation.

Fortune

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Daily Mirror

Man robs bank with a demand note written on the back of his own birth certificate

Michael Conley Loyd, 30, from Missouri, stormed into a Bank of America branch in Springfield in July, 2021, stole $754 and quickly escaped in a stolen black pickup truck

Benzinga

Residential Versus Healthcare REITs: Why Bank Of America Changed Its Ratings On These 5 REITs

A Bank of America analyst has changed his initial ratings on five real estate investment trusts: three are healthcare REITs and two are residential REITs.

Benzinga

A Bull And Bear Discuss The Status Of The U.S. Consumer After A Worse-Than-Expected Consumer Sentiment Report

According to Bank of America, consumer discretionary spending was up 2.9% in October year-over-year, but down from its September reading of 3.2%.

Benzinga

Is Zuckerberg's Obsession With The Metaverse Becoming A Problem For Investors?

Meta Platforms Inc (NASDAQ: META) shares jumped Wednesday after the company announced it is laying off more than 11,000 employees in an effort to c

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news in one place.

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Tribune News Service

Pfizer’s COVID cash powers a ‘marketing machine’ on the hunt for new supernovas

For drugmaker Pfizer, a fortune amassed in the COVID pandemic is now paving the path to pharma nirvana: a weight loss pill worth billions.

Daily Mirror

Jay-Z and Jeff Bezos spotted at meeting ahead of Washington Commanders purchase

Washington Commanders owner Dan Snyder has confirmed his intentions to sell the storied franchise in what will likely set a record for the sale of a sports team

Fortune

Pfizer is on the hunt for new blockbuster drugs, backed by its COVID fortune

While sales of its COVID vaccines are falling, Pfizer plans to triple the price of the shots and use its bonanza from government contracts to buy and develop new blockbusters.

Fortune

Apple will lose 6 million iPhones after China factory shuts down

China’s COVID-zero policy creates headaches for Apple, as a factory closure threatens supply of its flagship product.

Fortune

Bank of America CEO defends stakeholder capitalism amid political backlash

Bank of America CEO Brian Moynihan explained that stakeholder capitalism works for four key constituents.

Tribune News Service

NYC employers’ solution to pay transparency: $100,000 salary ranges

In the brave, newly transparent world for New York City job seekers, many will still be left wondering: Wait, how much does this role really pay?

Daily Mirror

Washington Commanders have whopping asking price set as Jeff Bezos tipped to buy NFL side

Highly scrutinised Washington Commanders owner Dan Snyder has confirmed his intentions to sell the team with 'more interest than what expected', which could see a sale figure rise significantly

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