The Latest Breaking News from Bank of America

"The bottom line is that the weaker-than-expected July employment report led us to change our baseline expectation for the first Fed to September."

Sallie Krawcheck has held a variety of top jobs at Wall Street titans like Sanford C. Bernstein, Smith Barney, Merrill Lynch, and Bank of America.

"Consumers are choosing more convenient options, but are they choosing cheaper options? It appears so."

Growth for the Magnificent Seven may already be largely priced in. But that's not true for this corner of the market.

C.H. Robinson Worldwide, a Dividend Aristocrat, has received a double upgrade from Bank of America. See why the company's strategic direction, innovative tech advancements, and consistent dividend growth make it an attractive choice for investors.

Investors also parsed a strong reading on second-quarter GDP and a dismal decline in durable goods.

"The market is now pricing in more than two 25-basis-point rate cuts by year-end, including a near-100% chance of a September cut."

Gold rose to a new record high in Q2 2024 and in early Q3. The precious metal looks set to make even higher highs during the second half of this year. Gold is the world’s oldest currency, and as inflation erodes fiat foreign exchange instruments and the international financial system…

The stock market rally had some wild moves during the week. The Dow Jones and Russell 2000 jumped, but came off highs. The Nasdaq tumbled.