Latest Bank of America Corporation News

Alex and Ani drops $1.2 billion suit against Bank of America

Aug. 21, 2019 10:07 AM EDT

CRANSTON, R.I. (AP) — Jewelry maker Alex and Ani has dropped its $1.2 billion discrimination lawsuit against Bank of America that had alleged "gender bias and greed." The Providence Journal reports the Rhode Island company agreed to voluntarily dismiss the suit after reaching a confidential agreement with...

Asian stocks follow Wall Street lower before US Fed release

Aug. 21, 2019 12:18 AM EDT

BEIJING (AP) — Asia stock markets followed Wall Street lower Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. Benchmarks in Tokyo, Shanghai and Australia declined while South Korea advanced. U.S. stocks fell...

US stocks end turbulent week with broad gains

Aug. 16, 2019 5:24 PM EDT

You're not the only one confused about where the economy is headed. Just look at the stock market, where perplexed investors have been sending stocks on a wild ride in August. And there could be plenty more where that came from. Two notoriously volatile months for stocks lie just ahead. Stocks around the world...

Weak global growth likely to mean US slowdown, not recession

Aug. 15, 2019 8:07 PM EDT

WASHINGTON (AP) — How fragile is the global economy? The U.S.-China trade war is weakening businesses in both countries, Germany's economy shrank in the second quarter, and Britain appears headed for a disruptive exit from the European Union this fall. Those trends have hammered American manufacturers and...

Asian stocks lower after US indexes tumble on recession fear

Aug. 15, 2019 12:35 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower on Thursday after the Dow Jones Industrial Average plunged on mounting fears of a possible recession. Market benchmarks in Shanghai, Tokyo and Hong Kong all retreated. U.S. investors dumped stocks, sending the Dow into its biggest one-day drop...

Warren Buffett's firm adds to its Amazon, bank investments

Aug. 14, 2019 6:26 PM EDT

OMAHA, Neb. (AP) — Billionaire Warren Buffett's company has been adding more Amazon shares to its investment cart. Berkshire Hathaway said in filings with the Securities and Exchange Commission on Wednesday that it owned 537,300 Amazon shares at the end of June, up from 483,300 shares. Buffett first...

On the Money: Fed's rate cuts strike savers' pocketbooks

Aug. 14, 2019 9:02 AM EDT

NEW YORK (AP) — Just when bank customers were finally getting something reasonable for their hard-earned savings, the party is coming to an end. After several years of increasing the meager interest they paid on savings accounts and certificates of deposit, banks are starting to trim their offerings to...

Trump delays tariffs on some Chinese goods until December

Aug. 13, 2019 6:57 PM EDT

WASHINGTON (AP) — Responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying most of the import taxes it planned to impose on Chinese goods and is dropping others altogether. The announcement Tuesday from the Office of the...

Asian stocks follow Wall Street lower on trade war jitters

Aug. 13, 2019 12:22 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Tuesday amid anxiety the U.S.-Chinese trade war will hurt already slowing global economic growth. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all retreated. Investor anxiety has been fed by President Donald Trump's threat of new U.S....

Markets Right Now: Banks, tech lead US stocks broadly lower

Aug. 12, 2019 4:11 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Banks and technology companies led stocks broadly lower on Wall Street, extending a two-week slide brought on by escalations of the trade conflict between the U.S. and China that investors fear will slow down the...