A senior Bank of America executive says one commodity is primed to skyrocket in price if the Iran war drags on. Bank of America’s head of commodities and derivatives research, Francisco Blanch, says that if the war persists, things could get “very, very complicated for oil prices.” According to Blanch, oil could explode to a…
The U.S. Department of Justice says an insider at a major US bank fueled a billion-dollar fraud scheme that stole the identities of over a million Americans. The DOJ says 36-year-old Renat Abramov, a dual citizen of the United States and Azerbaijan, has admitted to abusing his position as a relationship manager to open fraudulent…
Bank of America (BofA) says one sector of the stock market could wildly outperform the rest if the Federal Reserve continues to cut interest rates. In a new 2026 outlook meeting, BofA head of US Equity and Quantitative Research Savita Subramanian says that consumer staple companies, or lower price-point retailers, will greatly benefit if the…
Billionaire Stanley Druckenmiller is pouring millions of dollars into a growth stock listed as a “buy” by some of America’s biggest banks and investment firms. A new 13F filing from Druckenmiller’s Duquesne Family Office reveals the firm bought 4,619 shares of MercadoLibre (MELI) in Q3 2025. The purchase amounts to about $11.09 million and continues…
Merrill Lynch is chasing steadier money, more advisors, and a broader base of “wealth” clients, redefining what wealthy even means. The name Merrill Lynch is synonymous with wealth. Back in the day, the bull logo meant old-school prestige, private client advisors with corner offices, and asset minimums that quietly filtered out anyone without a boat…
US lawmakers are reportedly subpoenaing the heads of JPMorgan Chase and Bank of America for their roles in the initial public offering (IPO) of a global Chinese battery supplier. The lawmakers are demanding JPMorgan Chase CEO Jamie Dimon and Bank of America boss Brian Moynihan produce documents related to the Hong Kong listing of Contemporary…
Bank of America CEO Brian Moynihan believes the United States is the most investor-friendly country in the world. In an interview with Barron’s, Moynihan says four reasons contribute to the exceptionalism of the US as a place to invest and do business. “What’s fundamentally strong about the United States is the rule of law. The…
Billionaire Warren Buffett just sold about $3.23 billion of Berkshire Hathaway’s stake in Citigroup, Bank of America and Capital One. After eliminating Berkshire Hathaway’s stake in JPMorgan Chase and Wells Fargo in recent years, new filings show Buffett continues to place US banks on the chopping block. Berkshire has now also completely exited Citigroup, unloading…
Consumer spending is slowing down across all income levels, according to the Bank of America’s research arm. The Bank of America Institute says consumer transactions and spending on unnecessary expenses have been waning since the beginning of the year. “The gradual easing in consumer spending momentum is not just due to lower inflation – the…
Bank of America (BofA) on Friday bought shares in Angel One and Nuvama Wealth Management via block deals. In the former case, BofA bought over 15.19 lakh shares worth Rs 348 crore through its French subsidiary BofA Securities Europe SA while in the latter case 2.59 lakh shares amounting to Rs 154 crore, were purchased….