Bank of America
Wall Street job cuts loom as market turmoil stalls deals
U.S. investment banks are poised to cut more jobs if economic uncertainty continues to weigh on dealmaking in the months ahead, according to analysts and recruiters.
Atlanta Federal Reserve
US retail sales rebound moderately; underlying trend remains firm
Retail sales rebounded marginally in February as consumers pulled back on discretionary spending, reinforcing the growing uncertainty over the economy.
Apple
HEDGE FLOW Stock hedge funds post big one-day drop in DeepSeek rout, say Goldman data
Hedge fund stock-pickers lost billions of dollars on Monday in a rout in global technology shares sparked by the emergence of a low-cost Chinese AI model.
Aditya Bhave
Motor vehicles, electronic goods lift US retail sales in October
Retail sales increased slightly more than expected in October as households boosted purchases of motor vehicles and electronic goods.
Advanced Micro Devices
Wall Street: Dow Skyrockets To All-Time High After Fed Delivers Rate Cut
Wall Street had another big day with the Dow and S&P 500 hitting another intraday record high, just a day after the Federal Reserve cut interest rates by half-a-percentage point and forecasted that more cuts could be coming.
Advanced Micro Devices
Wall St jumps with tech stocks in the lead after Fed kicks off easing cycle
Wall Street rallied on Thursday with the S&P 500 hitting another intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction.
$1 billion shares
Warren Buffett Firm Berkshire Hathaway Sells Nearly $1B In Bank Of America Shares
Billionaire investor Warren Buffett’s conglomerate Berkshire Hathaway has sold nearly $1 billion worth of shares in Bank of America in the past week.
BAC
Warren Buffett offloads Bank of America shares worth $982 million in latest sale
Billionaire Warren Buffett’s Berkshire Hathaway has sold some more shares of Bank of America over the past few days, raking in $981.9 million.
Bank of America
Fed is predicted to deliver three quarter-point rate cuts this year: Reuters poll
The U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024.
Bank of America
Bank Of America, Wells Fargo And JPMorgan Investigated On Zelle Customer Funds, Scams
According to a Wall Street Journal piece published on Wednesday, the Consumer Financial Protection Bureau is probing how big U.S. banks have been managing their customers’ money on the peer-to-peer payments network Zelle.