Bank of America

Amazon's $25 billion bond sale in July 2026 offered extra yield to attract investors but faced weaker demand compared to earlier this year, signaling potential investor caution about the AI boom. The sale, part of Amazon's $92 billion in annual debt, highlights the tech giant's capital expenditures for cloud computing and AI, which have strained free cash flow despite strong operating cash flow.

The U.S. economy shows a significant disparity where the top 10% spend nearly as much on non-essential items as the bottom 70% combined, according to Bank of America's economists. The analysis highlights a widening wealth gap in household spending patterns.

Bank of America is accused of de-banking RawHide Pictures, the production company behind a film about Ronald Reagan. The company provided a 2021 letter from the bank indicating the de-banking.

The production company for the movie 'Reagan' claims Bank of America 'debanked' its accounts during filming of the biopic. The film is about former President Ronald Reagan.

Bank of America warns the stock market may experience a 'snapback' due to extreme speculation, with the S&P 500 potentially dropping 5% from current levels by year-end. The bank cites declining free cash flow for S&P 500 companies, especially AI-driven firms, and predicts aggressive Federal Reserve rate hikes to combat inflation. Market volatility, seen in the S&P 500 and South Korea’s Kospi index, raises concerns about unsustainable gains.

A 84-year-old woman lost $30,000 from her bank accounts after thieves exploited weak security practices, including the absence of mandatory multi-factor authentication (MFA). The attackers used stolen passwords from a data breach and created spam filters to block alerts, while financial institutions initially doubted the theft was fraudulent.

A user received an automated call from Bank of America claiming an unauthorized Apple transaction, but suspects it is a scam due to no active BofA account. The user questions if scammers are targeting Apple Pay linked to old accounts or using general phishing tactics.

Wall Street analysts are questioning the accuracy of the U.S. Bureau of Labor Statistics' June jobs report, particularly the leisure and hospitality sector's reported job loss during the World Cup. Economists from major institutions argue the numbers are misleading and expect upward revisions as more data becomes available.

US stocks experienced the largest outflows in over three months, according to Bank of America. The report highlights significant capital withdrawal from the market.

Rob Harrington was sworn in as Charlotte’s 60th mayor during a ceremony at the Government Center. He emphasized community service and outlined principles of trust, order, and respect, while addressing the I-77 expansion project and community expectations for transparency and prioritizing residents over corporate interests.

A scam involving Earthmoving MSU, operated by a 'salesman' named Mike, led to victims wiring money for equipment that was never delivered. The scammer used delayed USPS processes to hinder fund recovery, and multiple victims reported similar experiences on Reddit. Bank of America confirmed the associated account was closed, preventing fund retrieval.

Sandisk and Micron's stocks declined due to a rotation trade, but supply shortages may limit losses. Bank of America noted that most of Sandisk's annual revenue could come from new business model contracts offering better visibility.

Jennifer Edmondson, a Bank of America employee, receives 50 free days of eldercare annually through her job, helping care for her 68-year-old mother with ALS. The benefit, provided via Bright Horizons, offers non-medical support like companionship and household tasks, easing financial and emotional strain for the family.

China is significantly impacting the global car market but not its domestic market. A Bank of America report notes that weak demand in China is dragging on global automobile sales.

Minnesota aims to become a global hub for sustainable aviation fuel (SAF) through a new blending facility at Flint Hills Resources’ Pine Bend Refinery, which will mix biofuels with traditional jet fuel. A coalition of companies, nonprofits, and state agencies, including Delta Air Lines and Greater MSP, supports the initiative to address aviation emissions, though challenges remain due to limited U.S. SAF production.

Kevin Warsh, the new Fed Chair, faces pressure to address inflation as former Fed official Esther George advises Americans to prepare for higher interest rates. The Fed held rates steady at 3.5%-3.75% amid persistent inflation above 4%, with nine FOMC members projecting rate hikes before year-end. Bank of America forecasts three quarter-point hikes this year, raising the benchmark rate to 4.25%-4.5%.

The user's mother fell victim to a phone scam impersonating Bank of America and the FBI, resulting in a $10,000 loss from the user's account. The scam exploited her status as a signer on the account, leading to an unauthorized wire transfer. The user now plans to move closer to their mother for oversight.

The article discusses a divided outlook on Federal Reserve rate decisions, with Wall Street expecting hikes but contrarians like Andrew Hollenhorst predicting cuts due to weakening economic indicators. Key factors include shifting oil markets, revised GDP data, and a cooling labor market, while Kevin Warsh’s recent hawkish remarks contrast with Hollenhorst’s dovish stance.

Bank of America is offering a $2.25 million settlement related to ATM fees, with a deadline to apply that is fast-approaching.

Bank of America Corp., Truist Financial Corp., and Wells Fargo & Co. passed the Federal Reserve’s annual stress test, indicating they can withstand a severe recession with minimal capital decline. The 32 large U.S. banks absorbed $708 billion in hypothetical loan losses, but aggregate capital dropped only 1.6 percentage points, remaining above minimum requirements.

Bank of America is offering a $2.25 million settlement for ATM fees. The deadline to claim a portion of the settlement is fast-approaching.

A $2.25 million settlement involving Bank of America ATM fees has a fast-approaching deadline for claims. The article highlights the need to apply before the deadline.

A $2.25 million settlement involving Bank of America's ATM fees has a fast-approaching deadline for claims. The deadline to apply is nearing, requiring prompt action from eligible individuals.

Hogar Bambi, a Caracas-based nonprofit, is addressing a crisis for vulnerable children in Venezuela following two earthquakes. Actor Édgar Ramírez raised awareness and provided donation details, while Erika Spillmann, the organization's president, reported hospital visits and efforts to dispel misinformation. The nonprofit is preparing for potential government transfers of orphans and is fundraising via Global Giving and social media.

JPMorgan named Doug Petno and Troy Rohrbaugh co-presidents, positioning them as leading candidates to succeed CEO Jamie Dimon. Petno is recognized for client relationships, while Rohrbaugh focuses on risk management. Marianne Lake, previously seen as a frontrunner, is retiring, narrowing the race, though Dimon's timeline for stepping down remains uncertain.

Members of the American Outlaws Miami chapter marched at the FIFA Fan Fest to support Team USA ahead of their match against Turkey. The event featured patriotic displays, a Bank of America booth distributing commemorative wristbands, and activities at Bayfront Park. Team USA's game against Turkey is scheduled for Thursday night at 10 p.m. on WSVN-7.

A Bank of America scam involved a robocall about a fake $329.81 Walmart transaction in Charlotte, North Carolina. The recipient verified with their husband and the bank's automated system, finding no such charge, confirming it as a scam. The article warns against falling for such scams that create account concerns.

A $500 million initiative called RAISE US, led by Gina Raimondo and Eric Holcomb, aims to address AI-driven job losses through education and training programs, partnering with states and companies like Amazon and Microsoft to support workers transitioning to new careers.

Bank of America maintains an underperform rating on Ecopetrol, with a price target suggesting a potential 28% decline from June 23. The analysis follows the election win of Abelardo De La Espriella, while shares had previously risen about 70% over the past year.

A new bipartisan nonprofit, RAISE US, aims to help workers adapt to AI-driven job changes through education and training, funded by over $500 million. It partners with states and major employers like Amazon and Microsoft to develop programs connecting education to job opportunities.

A bipartisan nonprofit called RAISE US, founded by Gina Raimondo and Eric Holcomb, aims to help workers adapt to AI-driven job displacement through education and training programs. The group has over $500 million in funding and partners with states and major companies like Amazon and Microsoft to develop policies connecting education to employment opportunities.

Gina Raimondo and Eric Holcomb lead RAISE US, a nonpartisan initiative supported by OpenAI, Anthropic, Bank of America, and Amazon to help workers adapt to AI-driven economic changes. The project partners with Arkansas, Connecticut, Maryland, and Utah to test workforce support programs using private capital.

A banker named Karl Stephen Richardson faces 10 criminal charges, including financial exploitation and theft, after allegedly stealing approximately $70,000 each from two elderly women through fraudulent bank transactions. Police investigation revealed Richardson used methods like ATM withdrawals, Zelle transfers, and in-person transactions while working at Bank of America and later Simmons Bank.

Bank of America economists now predict three interest rate hikes by year-end, reversing a previous forecast of rate cuts through mid-2026. The bank's Global Research team issued this updated outlook following the Federal Reserve's June meeting under new Chair Kevin Warsh, which maintained rates but removed language indicating future cuts.

A 39-year-old man, Karl Richardson, is charged with financially exploiting two elderly customers, stealing over $139,000 through unauthorized withdrawals and transactions at Bank of America and Simmons Bank. Detectives found 19 counter withdrawals, 11 unauthorized ATM withdrawals, and over 100 fraudulent transactions spanning four years, leading to his arrest and multiple felony charges.

A person fell victim to a scam involving Bank of America and Apple Cash, where they were tricked into attempting to transfer funds to a fake account. The scammer claimed their bank account was under investigation and pressured them to move money to Apple Cash, which was blocked. They later realized the fraud and were advised to file a police report.

Bank of America’s CEO Brian Moynihan starts his day before 7 a.m. with newspapers, emails, and a workout, emphasizing punctuality as a sign of respect. The bank enforces in-office work policies, issuing warnings to employees not meeting three-day office attendance requirements. Moynihan’s compensation includes a $1.5 million salary and $39.5 million in equity incentives, though the company’s stock has shown minimal growth this year.

Bank of America revised its expectation for Federal Reserve rate hikes this year from zero to three. Brent crude oil prices fell below $80 per barrel amid a reported U.S.-Iran agreement on a potential deal roadmap.

Fast-casual chains like Chipotle and Cava are gaining momentum amid a K-shaped economic recovery, as consumers prioritize quality and value over cheaper dining options. Menu innovations and improved value perception have helped these brands outperform competitors like pizza and chicken chains, even as overall restaurant visits decline.

Merrill Lynch Wealth Management, a Bank of America company, plans to open a new location in Towne Center. The article notes this will be Bank of America's first Louisiana branch.