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Bank of America: Keep Buying Stocks in 2020

  • Bank of America: Keep Buying Stocks in 2020 Bank of America: Keep Buying Stocks in 2020 10:21
8:03 a.m. Today - By Morey Stettner
You have ample savings. So why are you scared of running out of money? Distress over not having enough is all-too-common — even among the wealthyDistress over not having enough is all-too-common — even among the wealthy.
4:39 a.m. Sept. 26, 2020 - By Barbara Kollmeyer
‘We don’t grow up with uncles, fathers, brothers who play golf with MDs or run desks’: Troy Prince is on a mission to bring minority traders to Wall Street ‘Wall Street on its own is incapable of recruiting and training urban talent,’ says the CEO of nonprofit Wall Street Bound‘Wall Street on its own is incapable of recruiting and training urban talent,’ says the CEO of nonprofit Wall Street Bound.
12:55 p.m. Sept. 25, 2020 - By Huw van Steenis
Climate change has now reached a tipping point among global investors Disruption is a powerful incentive for investors and companies to move money into sustainable industriesDisruption is a powerful incentive for investors and companies to move money into sustainable industries.
12:58 a.m. Sept. 24, 2020 - By Richard Eisenberg
Unemployment in the LGBT community is steep—here’s a little help for those with money anxieties How the SAGECents app aims to get users on trackThere’s a new, free personal-finance app for older LGBT adults having money troubles.
11:33 a.m. Sept. 23, 2020 - By Andrew Keshner
‘I absolutely believe that we can do better, America,’ says the attorney for the family of Breonna Taylor — months before a grand jury indicted 1 of 3 officers in her fatal shooting Civil rights attorney Ben Crump says too few prosecutors hold police accountable Civil rights attorney Ben Crump says too few prosecutors hold police accountable.
8:32 a.m. Sept. 23, 2020 - By Lina Saigol
Russia’s ‘Google’ Yandex joins super-app race with $5.5 billion offer for online bank TinkoffThe proposed deal will reshape Russia’s banking and tech sectors, and intensify competition with state-lender Sberbank.
12:31 p.m. Sept. 22, 2020 - By William Watts
Dow recovers from intraday drop as S&P 500, Nasdaq snap four-day losing streak Tesla shares fall as Musk plays down ‘battery day’ expectationsStocks rose Tuesday, recovering from intraday losses as the bulls appeared to overcome worries about renewed coronavirus lockdowns in Europe and rising political uncertainty in the U.S.
1:39 p.m. Sept. 21, 2020 - By Sunny Oh
Dow ends more than 500 points lower but S&P 500 avoids correction in wild Wall Street session S&P 500 manages to close out a volatile Monday above 3,222.76, which would have marked a correction for the broad-market indexU.S. stocks suffer a sharp selloff on Wednesday but avoid a much uglier loss for the main benchmarks, as investors contend with the COVID-19 trajectory in Europe and a lack of progress toward another round of fiscal stimulus out of Washington.
6:37 a.m. Sept. 21, 2020 - By Mark DeCambre
Dow skids over 800 points Monday as investors reassess risk amid rising coronavirus casesU.S. stocks opened sharply lower on Monday as rising cases in Europe and a number of geopolitical risks, ignited selling of assets considered risky on Wall Street. The Dow Jones Industrial Average was down 839 points, or 3%, at 26,991, on pace for its sharpest daily decline since April, FactSet data show. The S&P 500 index retreated 2.6% at 3,233, while the Nasdaq Composite Index declined 2.4% at 10,539. In corporate news, Nikola founder and chairman Trevor Milton is stepping down, after battling claims levied by a short seller for the past couple of weeks. Rising COVID-19 cases across several European economies sparked fears of renewed restrictions on activity. London Mayor Sadiq Khan was in talks on Monday to discuss introducing new measures to stem the coronavirus' spread. Meanwhile, U.S. and European bank shares were set to fall sharply after BuzzFeed News and other outlets published articles alleging that the world's most powerful banks continued doing business with customers they suspected of engaging in money laundering and other illicit activities. The SPDR Financial Select Sector ETF fell sharply on Monday.
3:16 p.m. Sept. 20, 2020 - Associated Press
Eric Trump lawyers say he can’t testify in N.Y. probe into family business practices till after election because of ‘extreme travel schedule’ ‘No one is above the law, period,’ responds state Atty. Gen. Letitia James‘No one is above the law, period,’ responds state Atty. Gen. Letitia James.
9:48 a.m. Sept. 18, 2020 - By Jonathan Burton
Billionaire investor Ray Dalio on capitalism’s crisis: The world is going to change ‘in shocking ways’ in the next five years Veteran hedge-fund manager says capitalists don’t divide the economic pie well, so the system isn’t working effectively for allVeteran hedge-fund manager says capitalists don’t divide the economic pie well, so the system isn’t working effectively for all.
4:52 a.m. Sept. 18, 2020 - By Greg Robb
Fed makes its last stand in struggle to keep potent in age of low interest rates Once you get into zero-rate territory, it is hard to get outFederal Reserve Chairman Jerome Powell laid out the Fed’s battle plan to stay potent in an age of low interest rates by promising to allow inflation to overshoot its 2% target and setting strict criteria for the first rate hike..
9:54 a.m. Sept. 17, 2020 - By Myra P. Saefong
Gold prices lose 1% as traders react to Fed policyGold futures finish with a loss of 1% as commodity investors reacted to the monetary policy statement from the Federal Reserve, which indicated it intends to keep key interest rates near zero through 2023.
1:16 p.m. Sept. 16, 2020 - By Joy Wiltermuth
Stocks end mostly lower after Fed holds interest rates steady near zero, but underscores risks to economic recovery Powell says economic scars of unemployment, foreclosures and evictions a risk without additional fiscal stimulus from CongressU.S. benchmark stock index closed mostly lower Wednesday, after the Federal Reserve said it would likely hold interest rates near zero until at least 2023 given the outlook for inflation and employment in the wake of the coronavirus pandemic, but also indicated risks to the economy remain.
1:34 a.m. Sept. 14, 2020 - By Quentin Fottrell
‘His family didn’t care if he was dead or alive’: My fiancé died of a heart attack. His brother is executor and refuses to talk to me. Am I entitled to anything? ‘I was the one who was there for him. It makes me very furious thinking that he left me nothing’‘I was the one who was there for him. It makes me very furious thinking that he left me nothing.’
8:05 p.m. Sept. 8, 2020 - Associated Press
Asian markets fall, as tech selloff spills across globe Stocks sink in Sydney, Tokyo, Hong KongAsian shares declined on Wednesday after a selloff of big technology stocks on Wall Street pulled U.S. benchmarks lower.
11:18 a.m. Sept. 8, 2020 - By Lina Saigol
Here’s how Julius Baer is helping its clients grow their wealth during the crisis Heavy trading by ultra rich clients helped Julius Baer to record profits in the first half of the year.
1:01 a.m. Sept. 8, 2020 - By Alana Benson
5 things to do with all that money you haven’t been spending the past few months Try these money moves, since you haven’t been doing much of anything anywayYou haven’t been traveling, eating out, or going to games, so here’s how to take advantage of those savings.
8:37 a.m. Sept. 5, 2020 - By William Watts
Stock-market rout: Why it’s too early to call tech plunge the start of a correctionTech and other high-flying stock market sectors got hammered Thursday, but the move was so overdue it’s hard to declare it the start of a prolonged correction, investors and analysts say.
10:05 a.m. Sept. 3, 2020 - By Myra P. Saefong
Gold prices settle at 1-week low as U.S. stock market tumblesGold futures fall Thursday to settle at their lowest level in a week, as some traders look to the metal to cover losses in other assets on the heels of a drop in U.S. benchmark stock indexes.
7:23 p.m. Sept. 2, 2020 - Associated Press
Asian markets brush off uncertainty, follow Wall Street higher Stocks rise in Tokyo and Seoul, while Hong Kong lagsAsian stock markets rose Thursday after Wall Street turned in its biggest daily gain since July despite uncertainty about the global outlook.
3:55 a.m. Aug. 31, 2020 - By Howard Gold
New bull market in stocks could last three years and may produce another 30% in gains, veteran strategist says The big tech winners since the March low will be replaced by stocks in other sectors, says Sam Stovall, chief investment strategist at CFRAThe big tech winners since the March low will be replaced by stocks in other sectors, says Sam Stovall, chief investment strategist at CFRA.
11:22 p.m. Aug. 30, 2020 - By Quentin Fottrell
My husband and I are worth $3.7 million, but I’m afraid I’ll spend my way into the poor house if he dies. When I was single, I bounced checks. What can I do? ‘He earns all the money and handles all our finances. I love to spend money and have a head-in-the-sand approach to money problems’‘He earns all the money and handles all our finances. I love to spend money and have a head-in-the-sand approach to money problems.’
11:12 a.m. Aug. 29, 2020 - Associated Press
Too risky? Fed pressed to expand aid to some businesses Lawmakers are pressing the central bank to deliver more aid to struggling small and mid-sized businessesWith the economy still in the pandemic’s grip, the Federal Reserve is facing a decision on whether to stretch an emergency lending program in a way that could bring more risk for the government and taxpayers. Lawmakers are pressing the central bank to deliver more aid to struggling small and mid-sized businesses.
9:31 a.m. Aug. 29, 2020 - By Shawn Langlois
10 stocks positioned for an ‘abrupt’ rebound when normalcy finally returns — none of them are techThe stock market continues to buck the steady flow of troubling headlines and gloomy metrics in a stark disconnect with the economy that’s been hotly debated on Wall Street. And while it might feel rather toppy and precarious, Thomas Hayes, founder and chairman of Great Hill Capital, a new phase in the bull market could be on the way.
11:08 a.m. Aug. 28, 2020 - By William Watts
Who will replace Shinzo Abe? 5 things investors need to know about Japan prime minister’s resignation Abe’s resignation raises questions about the world’s third largest economyWill Abenomics survive Prime Minister Shinzo Abe’s resignation? Investors are focusing on the battle to succeed Japan’s longest-serving prime minister.
11:39 a.m. Aug. 27, 2020 - By Greg Robb
Fed adopts new strategy to allow higher inflation and welcome strong labor markets Gone is the presumption that strong labor markets lead to out-of-control price-increasesThe Federal Reserve’s interest-rate committee on Thursday announced it has unanimously approved a new strategy seen as leading to an easier monetary policy stance.
8:32 a.m. Aug. 27, 2020 - By Lina Saigol
A new breed of tech IPOs may give the stock market reason to party like it’s 1999 Palantir, Snowflake and Asana lead slew of companies lining up to sell stock as U.S. market reopensNasdaq leads the fastest start for global IPOs since 2007 in the second half of the year.
11:41 p.m. Aug. 25, 2020 - Associated Press
Asian markets retreat as investors await Fed chairman’s speech Stocks slip in Tokyo, Hong Kong, ShanghaiAsian shares were mostly lower Wednesday after a lackluster session on Wall Street following talks between the United States and China on the status of a deal meant to work as truce in their trade war.
12:30 p.m. Aug. 25, 2020 - By Corey Rosen
The job benefit workers really need right now is an equity stake in their company Businesses that give employees shares are more profitable and their workers are richerBusinesses that give employees shares are more profitable and their workers are richer, writes Corey Rosen.
11:44 a.m. Aug. 25, 2020 - By Quentin Fottrell
COVID-19 and 1918 ‘Spanish flu’ have one depressing thing in common A new working paper looks at the effects of the 1918 influenza and COVID-19 pandemics on mortality and the economy, plus the role of non-pharmaceutical interventionsA new working paper looks at the effects of the 1918 influenza and COVID-19 pandemics on mortality and the economy, plus the role of non-pharmaceutical interventions.
7:21 a.m. Aug. 25, 2020 - By Lina Saigol
Global dividends suffer worst quarterly fall since financial crisis The worst-case scenario could see global shareholder payouts drop 25% on an underlying basis during 2020Dividends fell in every region of the world except in North America, thanks to the resilience of Canadian companies.
7:58 p.m. Aug. 19, 2020 - Associated Press
Asian markets fall after Fed minutes bring reality check Stocks drop sharply in Tokyo, Hong Kong, SeoulAsian shares slipped Thursday after sobriety set in on Wall Street, and the U.S. Federal Reserve minutes laid out challenges for the economy amid the coronavirus pandemic.
12:07 p.m. Aug. 19, 2020 - By Mark DeCambre
Dow ends lower to mark longest string of losses in 2 months and S&P 500, Nasdaq retreat after record highsThe S&P 500 and the Nasdaq finished lower on Wednesday after touching intraday highs during the session and the Dow industrials marked the longest losing skid in more than two months, as investors processed moves for the broader market that have taken it to new heights despite the pandemic. Stocks added to modest declines on Wednesday after the Federal Reserve at 2 p.m. Eastern Time released its minutes from its July 28-29 policy meeting, which showed that the central bank lowered its estimate for economic growth over the second half of the year. Fed officials say that the trajectory of the recovery from depends on the path of the COVID-19 pandemic. "Participants generally agreed that prospects for further substantial improvement in the labor market would depend on a broad an sustained reopening of businesses. In turn, such a reopening would depend in large part on the efficiency of health measures to limit the spread of the virus," the minutes said. The Dow Jones Industrial Average closed off 0.3% at 27,692, matching its longest losing streak for the period ended June 19, according to FactSet data. The S&P 500 index finished off 0.4% at 3,375, while the Nasdaq Composite Index closed off 0.6% at 11,146. All closing levels are on a preliminary basis. In corporate news, Apple Inc. briefly touched a market valuation exceeding $2 trillion dollars until pulling back. The move briefly made the iPhone maker the first company in the world to hit such a valuation. Apple shares finished up by about 0.1%. Separately, retailer Target Corp. booked a nearly 13% return after it produced better-than-expected profit and revenue.
12:30 p.m. Aug. 17, 2020 - By Andrea Riquier
There is no such thing as ‘passive’ investing in an America so deeply scarred by racism, says Rachel Robasciotti ‘I feel more hopeful than I’ve ever been about the possibilities for racial justice in this country’ Rachel Robasciotti is the founder of a wealth management firm that aims to be “a bridge between financial markets and social justice activism,” a place where the principals are deeply committed to helping clients to do well by doing good, in ways that go beyond the usual greenwashed ideas about ESG investing.
8:02 p.m. Aug. 16, 2020 - Associated Press
Asian markets rise, though Nikkei sinks after Japan’s record contraction Japan’s economy shrank 27.8% from a year earlier in Q2Japanese stocks sank while other Asian markets gained Monday after Japan reported a record economic contraction as the coronavirus pandemic weighed on retailing, investment and exports.
6:30 a.m. Aug. 15, 2020 - By Shawn Langlois
Warren Buffett said this metric signaled the 2001 crash — now it’s sounding the alarm on global markets A sell signal is flashing on Buffett’s favorite indicatorA sell signal is flashing on Buffett’s favorite indicator.
9:57 a.m. Aug. 14, 2020 - By Myra P. Saefong
Gold declines for the session, posts first weekly loss since early June Analyst calls gold’s price action ‘insane’ this weekGold futures end lower Friday, pulling back after two straight days of gains, with prices registering their first weekly loss in 10 weeks, pressured by recent strength in U.S. Treasury yields.
4:22 a.m. Aug. 13, 2020 - By Sunny Oh
Investors flock to China’s bond market, spurred by fears of missing out Global benchmark indexes embrace Chinese bonds, attracting inflows into debt of the world’s second largest economyGlobal investors finally appear on the brink of overcoming their long aversion to China’s bond market, which saw record funds flows into the sector in July, as Chinese debt takes up a larger share of benchmark bond indexes.
8:37 a.m. Aug. 10, 2020 - By Lina Saigol
Bank of America is latest Wall Street firm to pledge to Beirut relief effort, with $300,000 donation Beirut’s Bourse reopened on Monday for the first time since the explosionWall Street banks are supporting the Lebanese people after last week’s massive explosion devastated Beirut.
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