The US will face a mild recession, but the risk of a 'hard landing' is currently low, Bank of America's chief economist says

markets.businessinsider.com Bank of America recession outlook. Spencer Platt/Getty Images The US economy is currently resilient but will face a mild recession, Bank of America's Michael Gapen said. The…

Apple could be a $4 trillion company by the end of 2025 as the tech giant is 'playing chess while others play checkers,' Wedbush says

markets.businessinsider.com Apple CEO Tim Cook. Richard Drew/AP Apple could be valued at $4 trillion by the end of 2025, Wedbush estimated. That's due to key developments, like its next iPhone cycle…

Wall Street's 'Fear Gauge' At 3-Year Lows As S&P 500 Nears Bull Market

thestreet.com The stock market's key volatility index, often called Wall Street's Fear Gauge, has slumped to its lowest levels in three years this week, as the S&P 500 looks set to break…

NerdWallet: ‘Every dollar has power to shape our world’: How to find a socially responsible bank

marketwatch.com This article is reprinted by permission from NerdWallet. It has never been easier to open a bank account, especially with the spread of online services, but there has also…

AI Stocks: Tech Giants, Cloud Titans, Chipmakers Battle For Supremacy

investors.com Wall Street analysts are racing to tout the best artificial intelligence stocks amid a surge in investor interest. On company earnings calls, the number of times management…

AI Chatbots Are Causing Bank Customers Headaches

cnet.com The Consumer Financial Protection Bureau issued a warning on Tuesday on generative AI chatbots being used by banks. The agency says it's received "numerous" complaints from…

Charles Schwab Cash Sorting Woes May Linger Into 2024

barrons.com Clients moving cash out of sweep accounts and into higher yielding offerings, a practice known as cash sorting, has been a major headache this year for Charles Schwab. It’s…

‘RuPaul’s Drag Race’ Star Violet Chachki to Be Honored by Tom of Finland Foundation

variety.com “RuPaul’s Drag Race” Season 7 winner Violet Chachki will honored with the Cultural Icon Award at Tom of Finland Foundation’s 30th annual Tom’s Bar fundraiser. “Mean Girls”…

Here is one beer stock winner from Bud Light's stumbles

aol.com One beer maker's sales are fizzing up as another's go flat, prompting Wall Street to take notice. Bank of America upgraded its rating on Coors maker Molson Coors (TAP) to…

Banks' growing reliance on chatbots to handle customer service tasks worries consumer watchdog

apnews.com FILE - Consumer Financial Protection Bureau Director Rohit Chopra, speaks from the South Court Auditorium on the White House complex in Washington, April 11, 2022. The…

DoorDash Takes a Tip From Grubhub With Amazon Canada Partnership

pymnts.com After avowing that its DashPass subscription growth strategy was centered not on partnerships but on organic channels, DoorDash has changed its tune, at least in Canada. The…

GitLab soars on plan for new AI-powered product

reuters.com Shares of GitLab Inc (GTLB.O) jumped more than 35% on Tuesday after the software development platform announced plans to launch a revenue-boosting artificial intelligence…

'A revolutionary product': Here's what Wall Street is saying about Apple's new Vision Pro headset device that costs $3,499

markets.businessinsider.com Apple Vision Pro Apple Apple announced the Vision Pro, a $3,499 mixed-reality headset that will be released in early 2024. Wall Street is reacting to the device, with one…

Stocks making the biggest moves midday: Coinbase, GitLab, HealthEquity and more

cnbc.com Here are the stocks making the biggest moves in midday trading Tuesday, June 6. Coinbase — Shares of the crypto exchange fell more than 13% after the U.S. Securities and…

Anheuser-Busch Faces ‘Permanent’ 15% Decline In Bud Light Sales

forbes.com Fundamentals suggest it’s as good an opportunity as ever to buy shares of Anheuser-Busch, Bernstein analysts said Tuesday, even as the beer stock crashes as its Bud Light…

Bud Light sales keep slipping in another 'very weak' week

finance.yahoo.com Shares of Bud Light parent company Anheuser-Busch InBev (BUD) are down more than 17% since the company reported earnings May 4, as the Dylan Mulvaney controversy continues…

Bud Light: remains 'very weak,' Evercore said. BofA upgrades Molson Coors

aol.com Shares of Bud Light parent company Anheuser-Busch InBev (BUD) are down more than 17% since the company reported earnings May 4, as the Dylan Mulvaney controversy continues…

MKC Stock Alert: BofA Double-Upgrades McCormick Shares

investorplace.com InvestorPlace - Stock Market News, Stock Advice & Trading Tips McCormick (MKC) stock is extra spicy on Tuesday after the company got a double upgrade from Bank of America…

Customer service chatbots used by banks raises concerns for consumer watchdog

pbs.org Can you trust Erica, or Sandi or Amy to increasingly control parts of your financial life without giving you inaccurate information or sending money to the wrong place?…

Jim Cramer's top 10 things to watch in the stock market Tuesday

cnbc.com My top 10 things to watch Tuesday, June 6 1. The federal government versus the crypto industry. The SEC before the bell Tuesday sues Coinbase (COIN), accusing the company of…

Stocks making the biggest premarket moves: Mobileye, Epam Systems, Thor Industries, Apple & more

cnbc.com Amnon Shashua, president and chief executive officer of Mobileye Global, and Patrick Gelsinger, chief executive officer of Intel Corp., outside the Nasdaq MarketSite during…

Time To Buy Regional Banks? Insider Buying Says Yes

marketbeat.com Executives at US banks are aggressively loading up on shares of their companies at the highest rate since the pandemic struck in 2020, a signal that the industry may be…

'Great migration' continues as more Americans flee to Florida, Texas

foxbusiness.com A growing number of Americans are migrating from predominantly blue states with steep taxes like California and New York to red states with lower taxes like Florida and…

Bank of America Predicts Milds Recession After Fed’s Tightening Action

news.bitcoin.com Bank of America is predicting a mild recession will happen during the last two quarters of 2023. Brian Moynihan, CEO of Bank of America stated that this recession will be…

Apple unveils new VR headset, revamped MacBook and iOS 17

forbes.com.au Apple shares hit their highest price in the stock’s 43-year history early Monday ahead of the debut of its mixed reality Vision Pro headset, though the stock then slid after…

Stock futures are down slightly on Monday evening after rally takes a breather: Live updates

cnbc.com A trader works as American flags are displayed on the floor of the New York Stock Exchange (NYSE) in New York Stock futures are modestly lower Monday night as investors are…

Apple Stock Hits All-Time High

forbes.com Apple shares hit their highest price in the stock’s 43-year history early Monday ahead of the debut of its mixed reality Vision Pro headset, though the stock then slid after…

There’s a New Leader in Asia Sales

institutionalinvestor.com Because of this, investment in the region and market turnover has remained fairly subdued, said Sara Perring, head of Asia Pacific equities distribution at JPMorgan Chase.…

Office owners refuse to accept that their buildings are worth less. It means a commercial-real-estate recovery may be slower

businessinsider.com A vacant office building in Melville, New York. Photo by Howard Schnapp/Newsday RM via Getty Images Commercial property investment volume plummeted in the first quarter.…

Why we need more menopause positivity in the workplace

fastcompany.com According to a study from Bank of America, 64% of female employees want menopause-specific benefits, but only 14% think their employer understands. Every year, about 1.3…

Mkts. May Be Overly Optimistic About What the Fed Will Do

cnn.com A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the…

Apple Hits All-Time-High Ahead Of AR/VR Headset Launch

zerohedge.com Apple Hits All-Time-High Ahead Of AR/VR Headset Launch Just days after Meta unveiled it Quest 3 VR/AR headset (at an entry level price), Tim Cook is set to launch a high-end…

The credit crunch will bring a 'rolling blackout' of defaults as companies feel the pressure of tighter financial conditions, Bank of America says

markets.businessinsider.com Don Emmert /AFP/GettyImages The credit crunch will result in a wave of defaults hitting different sectors of the economy, BofA said. Strategists said a "rolling blackout" of…

Apple just hit another record high ahead of the launch of a VR headset Wall Street says could 'dominate' the market

markets.businessinsider.com Apple CEO Tim Cook. REUTERS/Carlos Barria Apple stock hit a record high on Monday as investors await the rumored announcement of a mixed reality headset. The near-$3…

Hollywood directors reach deal with studios as writers strike enters sixth week

aol.com The Directors Guild of America (DGA) reached a tentative deal on a new three-year contract with the Alliance of Motion Picture and Television Producers (AMPTP), which…

Grubhub+ Doubles Down on Partnership Strategy With 2-Year Amazon Extension

pymnts.com Nearly a year after Grubhub first announced its partnership with Amazon to offer Prime members free yearlong Grubhub+ subscriptions, the aggregator shared Monday (June 5)…

Richard Handler, CEO of investment bank Jefferies, reminds incoming interns that working hard is no guarantee of a job

businessinsider.com Rich Handler, Jefferies CEO Getty Images/ Rob Kim Investment banking internships kick off across Wall Street this week. Richard Handler, CEO of Jefferies, offers 15 tips for…

Saudi Arabia’s ‘Whatever It Takes’ Strategy Boosts Oil Prices

nytimes.com Brent crude rose on Monday after the world’s biggest oil producer announced it would be the lone OPEC Plus member to cut production next month. Riyadh goes it alone on oil…

The case for a 2023 US recession is crumbling

cnn.com Many CEOs, investors and economists had penciled in 2023 as the year when a recession would hit the American economy. The thinking was that the US economy would grind to a…

The CEO of Bank of America highlights that the primary challenge faced by the Federal Reserve is the influence of the US consumer

thedailyny.com In a recent interview on CBS’ “Face the Nation,” Bank of America CEO Brian Moynihan expressed relief that lawmakers had come to a resolution regarding the debt ceiling.…

J.P. Morgan, Goldman, and Other Bank Stocks Flat as Regulators Reportedly Consider Raising Capital Requirements

barrons.com Bank stocks were flat in premarket trading Monday after The Wall Street Journal reported that U.S. regulators will potentially raise capital requirements for large banks by…

Bank of America Has Launched This Solution to Smooth EV Transition

barrons.com The electric vehicle trend feels unstoppable and making the change can all feel a little unnerving. Bank of America wants to help smooth the transition for U.S. consumers.

Markets may be overly optimistic about the Fed

edition.cnn.com A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the…

Brookfield India REIT appoints bankers, targets July for US$400-million raising: sources

theglobeandmail.com Brookfield India Real Estate Investment Trust (REIT) has appointed eight investment banks for its planned equity raising of around $400-million, and is targeting the deal’s…

Today's Logistics Report: Dockworkers Throttle Ports; Shedding Warehouse Space; China Plus Many

createsend.com A new wave of job actions is casting uncertainty over imports at U.S. West Coast ports. Dockworkers have throttled cargo operations from Southern California to Seattle in a…

Bank of America CEO says company to slow hiring, predicts ‘mild recession’

thehill.com Brian Moynihan, the head of Bank of America, said on Sunday that his company plans to slow down its hiring process and predicted that the U.S., would experience a mild…

How AI could save the stock market

markets.businessinsider.com Artificial intelligence is stabilizing the stock market Yuichiro Chino/Getty Images AI is all the rage in the stock market right now. AI-affiliated mega-cap stocks like…