Latest Bank of America Corporation News
Stock market today: Asian markets are mixed after a slow day on Wall St ahead of US inflation update
BANGKOK (AP) — Shares were mixed in Asia on Wednesday after U.S. stock indexes held at a near standstill ahead of some potentially market-moving reports. Hong Kong's Hang Seng gained 1.9% to 17,144.54, while the Shanghai Composite index slipped 0.3% to 3,088.25. ...
Federal Reserve still foresees 3 interest rate cuts this year despite bump in inflation
WASHINGTON (AP) — Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street, despite signs that inflation remained elevated at the start of the year. For now, the officials kept their...
Nvidia's stock market value rose $273 billion in a day. How it rose to AI prominence, by the numbers
Nvidia’s stock price jumped 16% on Thursday, increasing the company’s market value by a staggering $273 billion in just one day, a record amount. The chipmaker has been seeing soaring demand for its semiconductors, which are used to power artificial intelligence, or AI...
A SWAT team sniper in Florida killed a bank hostage-taker armed with a knife, sheriff says
FORT MYERS, Fla. (AP) — A deputy shot and killed a man Tuesday after he took people hostage and claimed to have a bomb at a Florida bank, authorities said. The Lee County Sheriff's Office responded to a Bank of America branch in Fort Myers shortly before noon, Sheriff Carmine...
Bucking industry trends, Chase to open 500 new locations largely in cities where rivals dominate
NEW YORK (AP) — JPMorgan Chase plans to open at least 500 new branches in the next three years, the bank said Tuesday. It will reverse a decade-long industry trend where banks like JPMorgan and Bank of America have closed branches as fewer Americans need to cash a paycheck or pull money out of an...
Small business payroll growth is moderating, but that could mean more sustainable growth ahead
NEW YORK (AP) — Payroll payments per small business moderated as 2023 came to a close, according to new data from Bank of America. The BofA report found that payroll payments rose 1.7% in December at small businesses. That's consistent with the general trend last year, with...
With merger scuttled, Spirit Airlines faces an uncertain future. Is bankruptcy a possibility?
Spirit Airlines hasn’t made money since before the pandemic, ticket sales haven’t bounced back as quickly as the carrier expected, and dozens of its planes will be grounded at times this year because of a problem with the engines. A sale to JetBlue represented a lifeline for...
