Bank of America Corp
Dan Sundheim’s D1 Capital sells Bank of America and Microsoft in the fourth quarter, buys 3M
Hedge fund D1 Capital sold some of its blue-chip positions during the fourth quarter and added some stocks that have been hot to start 2025, according to a securities filing. The quarterly report shows Daniel Sundheim’s fund exited several positions, including Bank of America and Microsoft , and also reduced its stake in Amazon . […]
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Crypto and Trump gang up on FDIC over debanking: ‘Our story is pretty ridiculous’
A US Postal Service worker outside a Signature Bank branch in the Brooklyn borough of New York, US, on Wednesday, March 15, 2023. Angus Mordant | Bloomberg | Getty Images Anchorage Digital CEO Nathan McCauley wants everyone to know what happened to his crypto company in 2023 during the Biden administration. “Our story is pretty […]
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Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are’
Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold off on cutting its benchmark interest rate. The bank’s retail customers are spending about 6% more money in the first 40 days of this year compared with the same period in 2024, […]
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Zelle payments top $1 trillion in 2024 as network’s growth outpaces rivals including PayPal
Key Points Zelle crossed $1 trillion in total volumes last year, which it said was the most ever for a peer-to-peer platform. The payments network said its user base jumped 12% to 151 million accounts in 2024, and that the total dollars sent on the platform jumped 27% from the year earlier. Zelle was launched […]
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Battery giant CATL files for Hong Kong listing in what could be city’s largest IPO since 2021
CATL is the world’s largest electric vehicle battery maker and supplier to the likes of Tesla and Ford. Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images China’s Contemporary Amperex Technology (CATL), the largest electric vehicle battery producer in the world, has filed for listing on Hong Kong’s stock exchange, potentially making it the […]
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A complete guide to value investing — how Warren Buffett made his money
Warren Buffett has long been a proponent of value investing — and those principles have helped him amass a personal fortune of around $150 billion . It’s an investing approach that means taking the long view, holding your nerve and avoiding risky behavior — philosophies Buffett learned from economist Benjamin Graham’s 1949 book, “The Intelligent […]
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Analysts speculate selling by Buffett could be behind recent Bank of America weakness
Bank of America has lagged its peers since the lender’s stellar fourth-quarter earnings report, leading some analysts to speculate that Berkshire Hathaway , the biggest investor in the nation’s second-largest bank, has been quietly offloading shares again. Since its latest quarterly report on Jan. 16, Bank of America shares are little changed, compared to a […]
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Analysts speculate selling by Buffett could be behind recent Bank of America weakness
Bank of America has lagged its peers since the lender’s stellar fourth-quarter earnings report, leading some analysts to speculate that Berkshire Hathaway , the biggest investor in the nation’s second-largest bank, has been quietly offloading shares again. Since its latest quarterly report on Jan. 16, Bank of America shares are little changed, compared to a […]
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Bank stocks pop after Fed releases ‘easier’ 2025 stress test, plans to make exam more predictable
Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty Images Bank shares rose Thursday after the Federal Reserve released parameters for its annual industry stress test showing smaller hypothetical shocks to the U.S. economy than in previous […]
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CNBC Daily Open: DeepSeek batters Nvidia but reinforces AI trend
Justin Sullivan | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today DeepSeek raises questions on AI investmentsChinese […]
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