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The Latest Breaking News from BofA

American housing has a Catch 22: You can either be job-rich or house-poor

"You’ll get higher wages, but then you have to pay enough in extra housing costs," says Berkeley's Jesse Rothstein. "You lose all of those extra earnings that you get."

Fortune

The ‘great wealth transfer’ isn't $73 trillion but $129 trillion, Bank of America says—and the government gave most of it to baby boomers

Boom! Government policy has really enriched a certain generation of Americans—ones who have been in power for decades.

Fortune

Boomers won the housing market and millennials got screwed, BofA says. ‘Everyone locked in 3% mortgage rates, except Millennials’

"Most Boomers locked in low mortgage rates,” the bank said. “The only group that took out mortgage debt meaningfully since 2021 is Millennials, seeing a 20% jump.”

Fortune

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Gen Z and millennials are more into gig work than ever, BofA says—but it’s not coming close to making ends meet

Despite taking on more side hustles, Gen Z and millennials are spending less.

Fortune

Older millennials are in 'a constant perpetuating state of playing catch up,' making them the most financially stressed of any age group

"Some generations get lucky, and some don’t."

Fortune

Retail investors aren’t listening to Wall Street doom-mongers

Amateur investors are optimistic about the stock market as the pros are getting more cautious.

Fortune

Gen Z and millennials are outpacing older generations in 401(k) contributions

Even when cash is tight, young workers carve out space for savings.

Fortune

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S&P 500 companies are beating analysts’ earnings estimates—but wealth managers argue investors should ‘avoid chasing this recent market rally’

Wall Street feared S&P 500 earnings per share would drop as much as 7% year over year in the second quarter. The reality has been better than expected. But will it last?

Fortune

Bank Of America Retracts Recession Forecast, Citing Strong Job Market And Consumer Spending

BofA becomes the first major Wall Street bank to backtrack on recession prediction, reflecting growing economic optimism.

Zenger

When is the iPhone 15 coming out, and what new features can we expect?

Apple’s latest smartphones offer significant upgrades over past models, including new cameras and more powerful chips

Evening Standard

Gen Z’s digital natives will seem old-fashioned next to ‘Gen A,’ the first A.I. native generation, BofA says

“Children will now have an A.I. avatar shadow assistant or agent from birth," says Timothy Papandreou. He said Gen Z will be the “last generation to not grow up with AI.”

Fortune

Bank Of America CEO Highlights Stable Deposits And Healthy Consumers Amid Strong Quarterly Results

BofA's Q2 revenue beats estimates, client balances climb and loan demand remains steady.

Zenger

DraftKings Shares Surge As Bank Of America Calls It A ‘KIng’

Bank upgrades DraftKings, predicts significant improvement in margins and profitability.

Zenger

Bank of America hit with $250M in fines, customer refunds for ‘double-dipping’ fees, fake accounts

It is one of the highest financial penalties in years against Bank of America, which has largely spent the last 15 years trying to clean up its reputation.

Chicago Sun-Times

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Barchart

Why You Should Consider Adding Uranium Stocks to Your Portfolio

Investors aren't out of the woods yet, so if an economic meltdown happens in 2023, are uranium stocks a strong place to hide?

Barchart

Why Uranium Stocks Could

Investors aren't out of the woods yet, so if an economic meltdown happens in 2023, are uranium stocks a strong place to hide?

InsideEVs

Tesla To Lose Significant EV Market Share To Ford, GM By 2026: Report

Tesla could lose ground to Ford and GM as per Bank of America's Car Wars report, while EVs remain on track to grab a broader market share

Kiplinger

Women Have Significantly Less Saved in 401(k)s Than Men — And What to Do About It

A new report shows women have significantly less in their 401(k) accounts than men, and what women can do about that.

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news in one place.

100’s of premium titles.
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Fortune

Boomers are pushing millennials out of the housing market for 3 main reasons

BofA: "In the current environment...baby boomers are better equipped financially for home purchasing."

Fortune

Morgan Stanley analysts see a fall for commercial real estate 'worse than in the Great Financial Crisis'—BofA disagrees for 3 key reasons

Bank of America: "We conclude that the [CRE] challenges are real and significant, but, for several reasons, they are manageable and do not represent a systemic risk to the U.S. economy"

Barchart

Nvidia Stock is Up Over 103% YTD - Making Shorting Its Puts Attractive for Income Plays

Nvidia stock is up over 103% YTD, including 10%+ in the last month. This has pushed up its put option premiums and made shorting out-of-the-money puts ideal for investors to create income.

Fortune

'Attaining the American dream is becoming more challenging than ever' finds BofA's millennial housing survey

BofA: “While some Millennials could feel motivated to buy a home soon to get ahead of cost increases, others may stay out of the housing market due to affordability challenges.''

Fortune

Remote work is turning America into a 'suburban nation,' a massive millennial survey by BofA finds

To aging millennials, the suburbs are the good place.

The Independent UK

Banks are paying savers again after many years of low rates

Banks are paying up for savers’ deposits in a much bigger way than they have in a long time

Fortune

'Buy in May, sell in August' says Bank of America strategist

The Bank of America has debunked a market myth and uncovered when investors should really be selling up this summer.

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