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The Latest Breaking News from Brian Moynihan

Brian Moynihan isn't so worried about an AI jobs bloodbath, pointing to a 1960s theory that computers would end all management roles

"People wrote ... in 1969 that there would be no managers left in business because the computer itself would eliminate the need for managers, because they just moved information. Well, guess what? We have 20,000 managers today at Bank of America," Moynihan said.

Fortune

JPMorgan, BofA will match the $1,000 'Trump Accounts' for employees' children. Here's how to open an account

"By matching this contribution, we’re making it easier for them to start saving early, invest wisely, and plan for their family’s financial future," Jamie Dimon said.

Fortune

The job market is broken, but Nvidia CEO Jensen Huang is 'fairly confident' that AI will increase productivity and therefore, hiring—but there's a catch

As Gen Z struggles to start their careers, Nvidia’s CEO Jensen Huang predicts “more hiring” is on the way—but only for workers who embrace AI.

Fortune

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Stock futures slide while gold and silver jump after Powell investigation raises fears over the Fed's independence

Powell said the investigation rests on “pretexts,” arguing it's retaliation for the Fed’s refusal to follow the Trump's preferences on interest rates.

Fortune

Bank of America CEO says he hired 2,000 recent Gen Z grads from 200,000 applications, and many are scared about the future

Brian Moynihan says the fears are understandable, but urges young grads not to lose hope about the job market.

Fortune

‘We’ve gotten out of whack’ by fixating so much on Fed rates, but the loss of its independence will be punished, BofA CEO Brian Moynihan says

“There’s too much fascination with the Fed,” Moynihan said.

Fortune

As millions of Gen Zers face unemployment, McDonald's CEO dishes out some tough love career advice for navigating the market: ‘You've got to make things happen for yourself’

As millions of Gen Z fall into NEET status, McDonald's CEO Chris Kempczinski has some blunt advice for young people: stop waiting around for help.

Fortune

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Bank of America's CEO sees a 'huge opportunity' in the U.S. wealth business

Brian Moynihan discussed bold growth targets and a strategy with reporters at the bank's investor day.

Fortune

Bank of America CEO: AI deployed across entire workforce to drive growth and productivity

The bank has made $118 billion in technology investments over the past decade.

Fortune

BofA CEO Warns Shutdown Could Slow Economy; Economist Sees Rising Recession Risk (CORRECTED)

Editor's Note: This article has been updated to correctly reflect comments made by Bank of America CEO Brian Moynihan

Benzinga

Brian Moynihan warns government shutdown risks slowing the economy—and urges policymakers to address fiscal concerns with a 'clear head'

“Ultimately it’s going to slow down the economy,” he says.

Fortune

A recession could test whether AI is truly fueling an economy with 'jobless growth'

Also: All the news and watercooler chat from Fortune.

Fortune

Bank of America CEO admits that AI is shrinking some departments even as bank boosts minimum wage to $25

“The key to that is really redeploying people and re-skilling them,” Brian Moynihan said on Bloomberg TV, adding that he hopes to redeploy, not replace.

Fortune

Trump Says He’s Cracking Down On America’s Biggest Banks: Could It Impact You?

President Donald Trump is taking the nation's largest banks and what ensues just may affect average Americans. Trump claims that many banks have an unfair bias against political conservatives and...

GOBankingRates

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Fortune

Is MAGA going Marxist and Maoist? Trump's assault on free-market capitalism

Many business leaders are horrified at the prospect of New York City turning socialist under Zohran Mamdani, but Trump's assaults on free-market capitalism make him look like John D. Rockefeller.

Roll Call

Trump signals higher tariffs, defends firing of BLS chief in combative CNBC interview - Roll Call

A defiant President Trump defended his firing of a top government jobs monitor and said he would like to run again in 2028.

Barchart

Is Bank of America Stock a Buy, Sell, or Hold After Q2 Earnings?

Is BofA’s Q2 revenue miss just a brief pause? Or a warning sign to rethink your position?

Benzinga

Bank of America Q2 Loans And Deposits Grow, Efficiency Ratio Increases To 64.58%

Bank of America Corp (NYSE:BAC) reported second-quarter fiscal 2025 net income of $7.1 billion (versus $6.9 billion a year ago) and EPS of $0.89, beating the analyst consensus estimate of $0.87.

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Fortune

What Bank of America’s CEO values most when hiring his inner circle

Bank of America CEO Brian Moynihan shares his playbook for lasting leadership.

Fortune

Bank of America CEO Brian Moynihan is prioritizing ‘profits and purpose’

"You can have great returns for your shareholders and do well for the communities you serve," Moynihan told Fortune.

Fortune

Bank of America CEO Brian Moynihan talks about how he shrugged off Trump’s accusations

Also: All the news and watercooler chat from Fortune.

Fortune

Warren Buffett’s Berkshire sets cash record as he prepares to step down—but his influence endures

Buffett has achieved "unparalleled success."

Barchart

Looking for Stocks to Buy While the Market Is Down? Snap Up These 2 Warren Buffett Faves Now.

In a market swirling with uncertainty, here are two Warren Buffett stocks to load up now.

Fortune

Bank of America CFO says business owners seek clarity on trade policy and prepare for a 'slow-growth environment'

Despite uncertainty employment remains healthy, and consumers have proven resilient, BofA finds.

Fortune

Brian Moynihan says consumers are in a ‘classic’ situation of worrying about money but continuing to spend

Brian Moynihan said consumers, once again, are the backbone quietly propping up the American economy.

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